Tonix Pharmaceuticals to Open R&D Center in Maryland

Tonix Pharmaceuticals, a pharmaceutical company focused on developing repurposed drugs for central nervous system (CNS) conditions, has announced their plans to acquire an R&D facility in Frederick, Maryland.

The 48,000 sqft R&D facility will expand their vaccine and treatment development capabilities, with initial focus on COVID-19. They have currently started development of three treatment options, adn are looking to speed up the development process. An additional vaccine in development would protect against smallpox and monkeypox.

As the Delta variant leads to a rising case count in both the US and the UK, development of additional or new vaccines and treatments is paramount. But COVID-19 isn’t the only concern in the states. The re-emergence of monkeypox has been noted with cases in the US, Israel, Africa, and the UK. Tonix Pharmaceuticals aims to use their R&D facility to create a rapid and effective vaccine pipeline with efficacious results to get ahead of potential spreading diseases. 

“The Fredrick facility will be a major expansion of our R&D capabilities,” Tonix CEO Dr. Seth Lederman said in a statement. “We believe this facility will ensure adequate resources and capacity to support and grow our pipeline of vaccines and antiviral therapeutics. In addition, we view control of in-house facilities as a strategic capability to ensure the speed and efficiency with which we can develop vaccines and antiviral products in the future against known, emerging or novel pathogens.”

Are you developing new software for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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