Summary by Futu AI
Tonix Pharmaceuticals Holding Corp., a biopharmaceutical company, announced on March 19, 2024, its transition to a fully integrated pharmaceutical company effective April 1, 2024. This strategic move follows the acquisition of two migraine treatment products, Zembrace SymTouch and Tosymra, in June 2023. The company has been establishing the necessary commercial infrastructure to support these products. CEO Seth Lederman highlighted the transition as a significant milestone, preparing Tonix for the potential 2025 launch of Tonmya for fibromyalgia management, pending FDA approval. Tonmya has shown positive results in Phase 3 clinical trials. The announcement was made in a press release filed with the SEC and does not constitute a filing under the Securities Act of 1933 or the Exchange Act.