Lowenstein represented Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix), a clinical-stage biopharmaceutical company, in the acquisition of a new research and development center (RDC) located in Frederick, Maryland. The center is expected to accelerate internal discovery and development of vaccines and antiviral drugs against COVID 19, its variants, and other infectious diseases and to increase domestic R&D capability to support U.S. pandemic preparedness.
The approximately 48,000-square-foot facility will support Tonix’s expanding infectious disease pipeline, including a live virus vaccine designed to protect against COVID-19; a live virus vaccine designed to protect against smallpox and monkeypox; a small molecule antiviral under development to treat COVID-19; and a peptide-based skin test to measure functional T cell immunity to SARS-CoV-2.
Tonix purchased the RDC from Southern Research, a collaborating partner on its live virus vaccine development. The center is fully operational with a dedicated staff of scientists and technicians.
Tonix focuses on discovering, licensing, acquiring, and developing small molecules and biologics to treat and prevent human disease and alleviate suffering. Its portfolio is primarily composed of immunology and central nervous system product candidates. Tonix’s immunology portfolio includes a COVID-19 platform of product candidates to prevent and treat COVID-19, to treat long COVID, and to detect functional T cell immunity to COVID-19.
The deal team included Michael J. Lerner, Alex H. Rosenthal, Daniel A. Suckerman, Irina Ishak, Christine Osvald-Mruz, and James C . Shehan.
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