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Biotech / Medical
TNXP (MC $30 M) (Cash $34 M) O/S 7.5 M / P3 Data in 1H 2018
An SI Board Since September 2017
Posts SubjectMarks Bans Symbol
12 1 0 TNXP
Emcee:  BioHero Type:  Moderated
TNXP-DD= Valuation only $30 M /Cash balance $34M / Shares Out: 7.5 M / Phase 3 Data in 1H 2018 =10+ Bagger Potential !!

Another terrible undervalued stock for you guys which trading below Cash and which is close to phase 3 readout if successfull the drug will have around $600+ Million in Sales Potential . The Company has only 7.5 Million Shares outstanding and Baker bros who are really one of the most successful investors in the Biotech Sector is second largest shareholder . TNXP should be valued right now around $15 per share for their Phase 3 program and huge cash balance and if phase 3 outcome is positive then sky is the limit .GL

Tonix Pharma (TNXP)

Market Cap: $30 Million
Cash: $34.5 Million
Kurs: $4.05

Shares Out: 7.5 Million

New Presentation

Phase 3 HONOR study of Tonmya in military-related PTSD enrolling
•Encouraging evidence of safety and efficacy was demonstrated in Phase 2

Breakthrough Therapy designation from U.S. Food and Drug Administration (FDA)
•Expedited development and accelerated review are expected
•Potential to file NDA based on one Phase 3 study if data are statistically persuasive

Proposed registration plan agreed by the FDA
•Additional nonclinical safety and clinical abuse potential studies are not required

Patent protection through 2034 in U.S.
•Composition of matter patent for eutectic, required for transmucosal delivery of cyclobenzaprine

TNXP: Patient Enrollment Continues for Phase 3 Study of Tonmya® in PTSD; Interim Analysis Expected in 1H18

Conclusion and Valuation

The U.S. military’s intense interest in identifying safe and effective PTSD treatments is important for Tonix, as the AtEase study is the only controlled clinical trial to show a benefit in treating military related PTSD. If those results can be duplicated in the HONOR study (and Tonmya® gets approved), the Department of Defense and the VA would likely be very interested in getting the treatment to military personnel and veterans who suffer from PTSD.

Our valuation for Tonix is derived from a probability adjusted discounted cash flow model that takes into account potential future revenues from the sale of TNX-102 SL in PTSD. Of the approximately 8.6 million individuals in the U.S. who suffer from PTSD, it’s estimated that approximately 20% seek treatment. With a peak market share of only 6%, we currently estimate that peak sales of $650 million are possible. Using a discount rate of 18% and a 50% probability of approval leads to a net present value for the PTSD program of $67 million. Combined with the company’s current cash position and dividing by a reasonable fully diluted share count of 8.1 million shares leads to a valuation of approximately $13 per share.

Insider & Institutional Ownership :

Rosalind Advisors, Inc. 553 908
Baker Bros. Advisors LP 510 922
B. Riley Capital Management LLC 378 138
Opaleye Management, Inc. 370 000
Empery Asset Management LP 315 000
The Vanguard Group, Inc. 184 377
Heights Capital Management, Inc. 89 713
Seth Lederman, MD 83 400
Ernest Mario, PhD 69 718
Kingdon Capital Management LLC 64 549

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12big breakout could start anytime now we could see $6.50-7 quickly .GLBioHero-10/6/2017
11Nice Fact Sheet content.equisolve.netBioHero-10/5/2017
10Another good day but real jump will start once we hit the $5 mark because many BioHero-10/4/2017
9If you guys want that the stock moving even faster then put your shares on higBioHero-10/3/2017
8any dip here is a great buying opp , stock still trading below cash and i thinkBioHero-10/2/2017
7Another green day maybe it will hit $5 today trading below cash , very low marBioHero-9/29/2017
6Bullish crossover in MACD and Stochastic oscillators. [graphic]hollyhunter-9/28/2017
5IF P3 is successful then this stock could hit $80-100 per share (= Mcap $600-750BioHero-9/28/2017
4running higher and still trading under cash , i think we will have alot fun withBioHero-9/27/2017
3Major Breakout to $5++ could start anytime now BioHero-9/27/2017
2trading below cash of $34 million + only 7.5 million shares outstanding + attracBioHero-9/26/2017
1Ceo bought 50k shares in last 3 months 2017-08-16 TNXP Lederman Seth CEO P - PBioHero-9/26/2017
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