Shares of Tonix Pharmaceuticals Holding Corp. gained 43.8% in premarket trading on Wednesday after the company said the U.S. Patent and Trademark Office issued a patent to the company’s poxvirus vaccine and its recombinant poxvirus platform. The horsepox-based live virus vaccine is being developed against monkeypox and smallpox. The patent gives the company market exclusivity until 2037. Tonix’s stock has tumbled 78.7% so far this year, while the S&P 500 is down 13.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
