TNXP Stock Soars After Announcing License Deal for TNX-1700

TNXP stock

Positive news with regards to a cancer medicine almost always sends the stock of a pharmaceutical company higher, and that is what happened with TNXP stock in Tuesday’s trading session.

Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) announced that its product TNX-1700, which is meant for the treatment of pancreatic and gastric cancers, has managed to acquire an in-licensing deal with the venerated Columbia University. It goes without saying that it is a significant development and the market thought so as well.

Key Deal

The medicine in question is being referred to as a recombinant trefoil ...

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