Tonix Pharmaceuticals (TNXP) Gains Following Positive FDA Update on TNX-102 SL in PTSD

August 29, 2016 8:39 AM EDT

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Tonix Pharmaceuticals (NASDAQ: TNXP) is gaining 15.6% early after the company announced that it has received the final meeting minutes from the U.S. Food and Drug Administration (FDA) from an End-of-Phase 2/Pre-Phase 3 meeting. These minutes confirmed the FDA’s acceptance of Tonix’s proposed Phase 3 studies and the planned New Drug Application (NDA) data package to support the registration of TNX-102 SL (cyclobenzaprine HCl sublingual tablets) for the treatment of PTSD.

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