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Tonix Pharma up 16% premarket on advancement on TNX-102 SL in PTSD

Thinly traded nano cap Tonix Pharmaceuticals (NASDAQ:TNXP) is up 16% premarket on robust volume in response to its announcement of a clear path to registration for TNX-102 SL (cyclobenzaprine HCl sublingual tablets) for the treatment of post-traumatic stress disorder (PTSD).

Based on the written minutes received from the FDA from its End-of-Phase 2/Pre-Phase 3 meeting, the agency confirmed that positive results from two Phase 3 trials along with safety...