other material
confidence high
sentiment positive
materiality 0.75
Tonix adds 21M Medicare lives for TONMYA; total coverage now 32M Medicare lives
Tonix Pharmaceuticals Holding Corp.
- Second major managed Medicare agreement effective immediately adds ~21M lives (38% of ~55M Medicare lives).
- Medicare coverage now 32M lives (58% of Medicare); total commercial and government coverage reaches ~166M lives (53% of 314M U.S. lives).
- Builds on prior commercial payer agreements with two GPOs and one major managed Medicare agreement; TONMYA also covered by Medicaid in nearly all states.
- First fibromyalgia treatment approved in over 15 years; management highlights expanding patient access for TONMYA launch.