Tonix Pharmaceuticals Holding C TNXP

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
41/100
Developing

Ranked against 712 peers in Biotechnology

About Tonix Pharmaceuticals Holding C

Tonix Pharmaceuticals Holding Corp. operates as a fully integrated, commercial-stage biotechnology company focused on central nervous system (CNS) and immunology treatments in areas of unmet medical needs and focuses on developing and commercializing therapeutics to treat and prevent human disease. The company's flagship product, TONMYA™ (cyclobenzaprine HCl sublingual tablets 2.8 mg), therapy is used for the treatment of fibromyalgia. It … Full TNXP analysis →

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 0.76), with margins expanding over time.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.69), providing operational cushion.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.10), raising refinancing risk.
  • Scale Without Profitability Despite scale, profitability lags peers (score 0.34), suggesting limited competitive advantage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
37
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where TNXP ranks in Biotechnology

Tonix Pharmaceuticals Holding C ranks #352 of 713 scored companies in Biotechnology by moat score — the top 49%. The widest moat in the group is Royalty Pharma plc (RPRX) at 85/100.

# Company Moat score Rating
348 MoonLake Immunotherapeutics MLTX 42/100 Developing
349 Pyxis Oncology, Inc. PYXS 42/100 Developing
350 Recursion Pharmaceuticals, Inc. RXRX 42/100 Developing
351 TScan Therapeutics, Inc. TCRX 41/100 Developing
352 Tonix Pharmaceuticals Holding C TNXP 41/100 Developing
353 CRISPR Therapeutics AG CRSP 41/100 Developing
354 PureTech Health plc PRTC 41/100 Developing
355 BioAtla, Inc. BCAB 41/100 Developing
356 NextCure, Inc. NXTC 41/100 Developing

See every Biotech / Pre-Revenue company ranked by moat score →

How TNXP scores on the Corporate Default defenses

Pricing Power

Score 37 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 36 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 51 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 40 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 34 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 51 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TNXP's moat

What is Tonix Pharmaceuticals Holding C's moat score?

Tonix Pharmaceuticals Holding C (TNXP) scores 41 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #352 of 713 scored companies in Biotechnology, the top 49%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 712 companies in Biotechnology. Its strongest defense is Customer Stickiness (51/100) and its weakest is Resilience (34/100).

How does Tonix Pharmaceuticals Holding C compare with other Biotechnology companies?

Tonix Pharmaceuticals Holding C ranks #352 of 713 scored companies in Biotechnology by moat score. The widest moat in Biotechnology is Royalty Pharma plc (RPRX) at 85/100. The companies ranked closest are TScan Therapeutics, Inc. (TCRX) at 41 just above it and CRISPR Therapeutics AG (CRSP) at 41 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 712 companies in Biotechnology. The defenses are then weighted to produce the overall score out of 100.

Why is Tonix Pharmaceuticals Holding C scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Tonix Pharmaceuticals Holding C?

The Corporate Default template measures 6 defenses, and TNXP scores: Pricing Power (37), Cost Advantage (36), Customer Stickiness (51), Capital Efficiency (40), Resilience (34), Scale & Market Position (51). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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