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TNXP

Tonix Pharmaceuticals, Inc.distress 7/10 · high distress / dilution risk
$10.67+1%today-83% from 52w high
tonixpharma.com142 employeesFounded 2007Berkeley Heights, NJBiotechnology
Lead: major depressive disorder · est. market ~$16B (approx, global)
Revenue
pre-revenue
Liquidity
$185M
Runway
1.5 yrs
Shares 1y
+82%

Price & events

-43.9% over 6M
CatalystRating changeDilutionFinancingdashed = today
+0.8%
1D
-10.0%
1W
-10.8%
1M
-14.6%
3M
-41.8%
6M
-76.6%
1Y
-81.3%
2Y
-100.0%
5Y
-100.0%
All

Overview

Market Cap
$170.09M
Enterprise Value
$-10.71M
Volume
50.41K
52 Week Range
$10.59 – $61.57
Total Shares
15.94M
Float Shares
15.01M
Short %
22.50%
% Held by Insiders
0.14%
% Held by Institutions
45.79%
RVOL
0.09x
Beta
1.65

Pipeline stages · 2 programs

TNX-102 SL
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2028-02
TNX-1300 (Injection), Placebo (Injection)
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved

Pipeline · 3 trials · 1 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2028-02
Estimated 50%
readout ~2028-03-17
Phase 2TNX-102 SLorphanrare pediatricMajor Depressive Episode (MDE), Major Depressive Disorder (MDD), Depressionrecruiting
2026-02-10
Phase 1TNX-102 SL Tabletorphanrare pediatricPharmakokinetic, Open Label, Phase 150active not recruiting
2025-04-21
Phase 2TNX-1300 (Injection), Placebo (Injection)Cocaine Use, Cocaine Intoxication, Cocaine Toxicity, Cocaine Abuse, Cocaine Adverse Reaction3terminated

Catalyst news & presentations · 13

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 15,940,801 · 2 offerings/1y · 0 PIPEs
  • 2025-12-298-Kmaterial_agreement
  • 2025-12-29424B5offering
  • 2025-11-218-Kmaterial_agreement
  • 2025-11-21424B5offering
  • 2025-09-04S-3/Ashelf_registration
  • 2025-09-04EFFECTshelf_effective
  • 2025-06-12S-3shelf_registration
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
Upgrade to Pro
🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
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Wall St ratings

strong buy · target $42 (+296% upside) · 5 analysts
  • 2026-06-25Raymond JamesStrong Buy
  • 2026-05-04TD CowenBuy
  • 2025-03-20Noble Capital MarketsOutperform
  • 2024-07-22Alliance Global PartnersBuy

Competitors — major depressive disorder

  • NBIXNEUROCRINE BIOSCIENCES INC$17.2B · D0
  • AXSMAxsome Therapeutics, Inc.$12.3B · D0
  • XENEXenon Pharmaceuticals Inc.$6.3B · D3
  • DFTXDefinium Therapeutics, Inc.$4.7B · D3
  • SUPNSUPERNUS PHARMACEUTICALS, INC.$2.7B · D0
  • BHVNBiohaven Ltd.$2.2B · D6
  • SPTXSeaport Therapeutics, Inc.$1.2B · D1
  • ANROAlto Neuroscience, Inc.$937M · D3
  • NMRANeumora Therapeutics, Inc.$281M · D5
  • HELPCYBIN INC.$175M · D5

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.