Curated News
By: NewsRamp Editorial Staff
June 11, 2024

Tonix Pharmaceuticals Nears Market Entry with Tonmya for Fibromyalgia Management

TLDR

  • Tonix Pharmaceuticals aims to disrupt the fibromyalgia prescription market dominated by opioids, positioning Tonmya as a non-opioid alternative.
  • Tonmya offers a non-opioid therapy for fibromyalgia, addressing the risks of dependency and showing promising interest from physicians.
  • Tonmya's potential approval could provide a safer, non-addictive option for fibromyalgia patients, improving access with the Inflation Reduction Act.
  • Tonmya represents a groundbreaking first-line therapy for fibromyalgia, offering a safer, non-addictive alternative in a market dominated by opioids.

Impact - Why it Matters

The potential approval of Tonmya as a non-opioid, centrally-acting alternative for fibromyalgia management could significantly impact patients' access to safer and non-addictive treatment options. It also has the potential to shift the current market dominance of opioids in fibromyalgia prescription, leading to improved patient outcomes and reduced risks of dependency.

Summary

Tonix Pharmaceuticals CEO Dr. Seth Lederman joined Steve Darling from Proactive to announce the completion of the initial phase of an assessment conducted by EVERSANA® Life Science Services, LLC on the U.S. market opportunity for Tonmya. Tonmya represents a potential groundbreaking first-line therapy for fibromyalgia management, positioning itself as a non-opioid, centrally-acting alternative in a market dominated by opioids.

Lederman highlighted the concerning dominance of opioids in the fibromyalgia prescription market, despite well-documented risks of dependency. Tonmya aims to address this gap by offering a safer, non-addictive option for fibromyalgia patients. EVERSANA's primary market research indicates promising interest from physicians, with a median interest rating of 4.0 on a 5-point scale and an intended use of Tonmya in 40% of fibromyalgia patients upon approval. The analysis also noted that approximately 50% of fibromyalgia patients in the U.S. are on Medicare. The Inflation Reduction Act, effective in 2025, will cap out-of-pocket prescription drug costs for Medicare patients, which could improve access to Tonmya if approved.

With the submission of the New Drug Application (NDA) for Tonmya slated for the second half of the year, Tonix Pharmaceuticals anticipates an FDA decision on approval by 2025.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Tonix Pharmaceuticals Nears Market Entry with Tonmya for Fibromyalgia Management

blockchain registration record for the source press release.