Just The Tonix: New York Biotech Has Breakthrough Drug For PTSD

 
• By Lucie Ellis-Taitt
  
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Tonix Pharmaceuticals has won a breakthrough therapy designation this month for its post-traumatic stress disorder drug – the most advanced product in development specifically for the condition and potentially the first ever to market targeting PTSD as its lead indication.

PTSD
Tonix Pharmaceuticals could see military PTSD drug filed in US by end of 2018 • Source: Shutterstock

Tonix Pharmaceuticals Holding Corp., founded in 2007 and based in New York, spent the first ten years of its life developing lead compound, TNX-102, for the treatment of chronic pain condition fibromyalgia syndrome (FMS). But after a setback in Phase III for this indication earlier this year and positive results in another of its earlier stage clinical trials for the same drug in post-traumatic stress disorder, Tonix decided to shift gears and put all its resources into the latter condition.

Since committing to this change of direction in September this year, the company has won a breakthrough therapy designation from...

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