Tonix Pharmaceuticals Plans to Raise $11.5 Million via Securities Offer, Stock Drops Almost 12% - (Fidelity via NewsPoints Desk)

  • Tonix Pharmaceuticals plans to raise up to $11.5 million in an offering of shares and convertible preferred stock, as reported in Fidelity.

  • The company, whose shares tumbled nearly 12% on Tuesday, said it intends to put the funds toward a late-stage trial of TNX-102 SL and to advance its pipelines.

To read more NewsPoints articles, click here.