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Tyler Bundy

Tonix Pharmaceuticals Rockets Higher Thursday: Why Is The Penny Stock Flying?

Tonix Pharmaceuticals Tonix FDA

Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) shares are rallying higher Thursday after the company announced the FDA has granted Orphan-Drug Designation for TNX-2900 for the treatment of Prader-Willi syndrome.

The co-exclusive license allows Tonix to expand its intranasal potentiated oxytocin development program to a new indication.

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