Tonix Pharmaceuticals: Breakthrough Therapy Designation In PTSD

 | Jan 24, 2017 12:45AM ET

Tonix Pharm (NASDAQ:TNXP) has announced that it has been granted Breakthrough Therapy Designation (BTD) by the FDA as its Phase II AtEase data for TNX-102 SL in military-related PTSD indicate the drug may successfully treat a serious condition, a key requirement for BTD. Key benefits of BTD are intensive guidance from the FDA on the drug development program, an organizational commitment involving senior managers at the FDA, and the submission of portions of the NDA on a rolling basis.