Companies · Pharmaceuticals

Tonix Pharmaceuticals Holding Corp.

NEW YORK · Pharmaceuticals

Diligence memoA one-page analyst read on Tonix Pharmaceuticals Holding Corp. — recommendation, valuation, rhythm, risks.
$10.3M
Total raised · real
5
Rounds
0.1×
Latest step-up
Top 46%
Sector rank · raised
Series A
Latest stage · inferred · Thu Sep 28 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Tonix Pharmaceuticals Holding Corp. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the pharma sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.05× the median modeled value of Series A Pharmaceuticals companies in 2016–2018 (88 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.8 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Tonix Pharmaceuticals Holding Corp. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
14.7 yr record
Peak capital year was 2012 with $10.7M across 4 filings.
Market position
ahead of 55% of Pharmaceuticals peers
Capital scale is ahead of 55% of Pharmaceuticals peers; modeled value is above 17% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2012: $10.7M across 4 filings.
  • Largest single filing was $4.3M on 2012-01-20.
  • Filing rows sum to $12.6M, while canonical raised total is $10.3M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Pharmaceuticals

Tonix Pharmaceuticals Holding Corp. is one of 1613 Pharmaceuticals companies tracked from NEW YORK. By capital raised it ranks mid-pack (ahead of 55% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2017-09-28
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MSeed · 2011-10-07 Raised $1.6M (real) Modeled valuation $62M (est)$1.6M$62MSeed2011Series A · 2012-01-20 Raised $4.3M (real) Modeled valuation $133M (est)$4.3M$133MSeries A2012Series A · 2012-11-14 Raised $710K (real) Modeled valuation $22M (est)$710K$22MSeries A2012Series A · 2012-12-04 Raised $3.3M (real) Modeled valuation $103M (est)$3.3M$103MSeries A2012Seed · 2012-12-04 Raised $2.3M (real) Modeled valuation $88M (est)$2.3M$88MSeed2012Series A · 2017-09-28 Raised $315K (real) Modeled valuation $9.7M (est)$315K$9.7MSeries A2017+$4.3M+$710K+$3.3M+$2.3M+$315KCumulative $13M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.6M · 2011
Series A$4.3M · 2012
Series A extension$710K · 2012
Series A extension$3.3M · 2012
Bridge · Series A-stage$2.3M · 2012smaller follow-on
Series A extension$315K · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$9.7M
Base estimate est.
$361K
Conservative case
$53.0M
Upside case
$1.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Seed · modeled $61.8M · 2011-10-072011Series A · modeled $133.3M · 2012-01-20Series A · modeled $22.0M · 2012-11-14Series A · modeled $103.0M · 2012-12-04Seed · modeled $88.4M · 2012-12-04Series A · modeled $9.7M · 2017-09-282017
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
46%
Survival probability
25% low · 63% high
1.57×/yr
Annual markup
1.97×/yr upside case
6.0 yr
Elapsed time used
8.8 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$1.7M/yr
Capital velocity
14.7 yr
On record since
2011
First round
6
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.3× above median
This company$10.3M
Sector median$8.1M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$315K
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$9.7M
Sector median$76.1M

Raised more than 55% of sector peers (real $). Modeled value above 17% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #86 of 88.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Arbutus Biopharma Corp · Series A Raised $15.0M · modeled $464.6M (est)Rvc 360, Llc · Series A Raised $15.0M · modeled $464.6M (est)Sterrx, Llc · Series A Raised $18.0M · modeled $464.6M (est)Ribometrix, Inc. · Series A Raised $18.5M · modeled $464.6M (est)Neuraltus Pharmaceuticals, Inc. · Series A Raised $40.6M · modeled $462.7M (est)SiteOne Therapeutics, Inc. · Series A Raised $16.1M · modeled $460.3M (est)Right Value Drug Stores, Inc. · Series A Raised $13.3M · modeled $411.9M (est)USWM Enterprises, LLC · Series A Raised $12.2M · modeled $376.7M (est)Satsuma Pharmaceuticals, Inc. · Series A Raised $12.1M · modeled $375.8M (est)Chase Pharmaceuticals Corp · Series A Raised $26.5M · modeled $370.9M (est)Vitruvias Therapeutics, Inc. · Series A Raised $12.4M · modeled $356.2M (est)Vyome Therapeutics Inc. · Series A Raised $14.5M · modeled $351.1M (est)Tonix Pharmaceuticals Holding Corp. (this company) Raised $10.3M · modeled $9.7M (est)Tonix Pharmaceuticals Holding Corp.
CompanyStageRaised · realValue · estvs peer med.
Arbutus Biopharma CorpSeries A$15.0M$464.6M2.61×
Rvc 360, LlcSeries A$15.0M$464.6M2.61×
Sterrx, LlcSeries A$18.0M$464.6M2.61×
Ribometrix, Inc.Series A$18.5M$464.6M2.61×
Neuraltus Pharmaceuticals, Inc.Series A$40.6M$462.7M2.60×
SiteOne Therapeutics, Inc.Series A$16.1M$460.3M2.59×
Right Value Drug Stores, Inc.Series A$13.3M$411.9M2.31×
USWM Enterprises, LLCSeries A$12.2M$376.7M2.12×
Satsuma Pharmaceuticals, Inc.Series A$12.1M$375.8M2.11×
Chase Pharmaceuticals CorpSeries A$26.5M$370.9M2.08×
Vitruvias Therapeutics, Inc.Series A$12.4M$356.2M2.00×
Vyome Therapeutics Inc.Series A$14.5M$351.1M1.97×
Tonix Pharmaceuticals Holding Corp. this companySeries A$10.3M$9.7M0.05×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.6M2011-10-07$8.1M$61.8M85%
Series A$4.3M2012-01-20$19.6M$133.3M85%
Series A$710K2012-11-14$3.2M$22.0M85%
Series A$3.3M2012-12-04$15.1M$103.0M85%
Seed$2.3M2012-12-04$11.6M$88.4M85%
Series A$315K2017-09-28$1.4M$9.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.6M2011-10-07
    • First recorded raise — entered as Seed.
    • 16 investors on this round.
  2. Series A$4.3M2012-01-20
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 81 investors on this round.
  3. Series A$710K2012-11-14
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 6.1× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  4. Series A$3.3M2012-12-04
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 4.7× larger than the prior — scaling up.
    • 26 investors on this round.
  5. Seed$2.3M2012-12-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 25 investors on this round.
  6. Series A$315K2017-09-28
    • Raised again after 58 mo — slower than the ~13 mo sector norm.
    • Round 7.4× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
Intelligence
2018 ~Q4
Modeled next raise · ~14mo cadence
$315K
Modeled next size est.range $315K$504K
0.1×
Last step-up
$1.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Ernest Mario8 other2012-01
David Moss4 other2011-10
Gregory Sullivan2 other2017-09
John Rhodes2 other2012-01
Samuel Saks2 other2012-11
Stuart Davidson2 other2012-01
Benjamin Selzer1 other2011-10
Charles Mather1 other2012-01
Donald Landry1 other2012-01
Leland Gershell1 other2012-11
Patrick Grace1 other2012-01
Seth Lederman1 other2011-10
Bradley Saenger2017-09
Bruce Daugherty2012-11
Charles E. Mather IV2017-09
Donald W. Landry2017-09
Ernest W. Mario2017-09
John E. Rhodes2017-09
Margaret Smith Bell2017-09
Patrick Smith Grace2017-09
Rhonda Rosen2011-10
Samuel E. Saks2017-09
Stuart Smith Davidson2017-09
Susan Kerridge2011-10
Registry & provenance

Tonix Pharmaceuticals Holding Corp. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1430306
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Tonix Pharmaceuticals, Inc.PharmaceuticalsPre-Seed$150K$7.1Mnetwork4 shared operators · same sector
Taxis Pharmaceuticals Inc.PharmaceuticalsSeries A$10.6M$35.3Mnetwork1 shared operator · same sector · same stage
Eyenovia, Inc.PharmaceuticalsSeries C$66.0M$312.6Mnetwork2 shared operators · same sector
Coeptis Therapeutics Holdings, Inc.PharmaceuticalsSeries A$10.3M$12.8Msame sector · same stage
LivFul Inc.PharmaceuticalsSeries A$10.1M$676Ksame sector · same stage
CURE PHARMACEUTICAL CorpPharmaceuticalsSeries A$9.9M$10.0Msame sector · same stage
Invirsa, Inc.PharmaceuticalsSeries A$9.8M$9.2Msame sector · same stage
Aspargo Laboratories, Inc.PharmaceuticalsSeries A$9.7M$3.1Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
RxBio Holdings, Inc.PharmaceuticalsSeries D+$12.0M82%
Harmony Biosciences II, Inc.PharmaceuticalsSeries D+$1.8B82%
Amplyx Pharmaceuticals, Inc.PharmaceuticalsSeries C$3.2B81%
Ionetix CorpPharmaceuticalsSeries B$103.5M81%
Botanix Pharmaceuticals Ltd.PharmaceuticalsSeries B$681.3M81%
Trxade Group, Inc.PharmaceuticalsSeries C$10.4M81%
Havix Group, IncPharmaceuticalsSeed$22.8M80%
Bell Pharmacy Holdings, LLCPharmaceuticalsPre-Seed$2.2M80%
Frequently asked
How much funding has Tonix Pharmaceuticals Holding Corp. raised?
Tonix Pharmaceuticals Holding Corp. has raised approximately $10.3M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Tonix Pharmaceuticals Holding Corp.'s estimated valuation?
Provath's modeled valuation for Tonix Pharmaceuticals Holding Corp. is approximately $9.7M (modeled range $361K–$53.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tonix Pharmaceuticals Holding Corp. at?
Tonix Pharmaceuticals Holding Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Sep 28.
What does Tonix Pharmaceuticals Holding Corp. do and where is it based?
Tonix Pharmaceuticals Holding Corp. operates in the Pharmaceuticals sector, based in NEW YORK.
Explore related

See where Tonix Pharmaceuticals Holding Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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