Tonix Pharmaceuticals

 | Oct 04, 2016 02:37AM ET

Fibromyalgia setback, focus on PTSD
Tonix Pharm (NASDAQ:TNXP) reported that the Phase III trial of TNX-102 SL for the treatment of fibromyalgia did not reach its primary endpoint of the proportion of 30% responders compared to placebo (p=0.095). The company also announced that it will discontinue the fibromyalgia program and focus its resources on advancing TNX-102 SL for post-traumatic stress disorder (PTSD), about to enter Phase III in Q117.