Increased ExpensesR&D and SG&A expenses for the quarter were higher than expected, totaling $6 million each.
Regulatory And Commercial RisksClinical, regulatory, commercial and financing risks exist for TNX-103 in Group 2 PH-HFpEF.
Trial DelaysThe timeline for the Ph3 LEVEL Study in PH-HFpEF has been delayed, with topline data now expected in the second half of 2026.