Tenax Therapeutics (TENX)
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Tenax Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing therapies for serious cardiovascular and pulmonary conditions where existing treatment options remain limited. The company’s work is centered on pulmonary hypertension, a group of diseases marked by elevated pressure in the blood vessels of the lungs that can place significant strain on the heart and lead to worsening functional capacity.
Tenax’s lead development focus is levosimendan, a drug candidate being evaluated for pulmonary hypertension associated with heart failure with preserved ejection fraction. Levosimendan is known for its calcium-sensitizing and potassium channel-activating properties, mechanisms that may support cardiac performance and vascular function. The company is conducting advanced clinical development to assess whether the therapy can improve outcomes for patients in this difficult-to-treat population.
The company has also identified imatinib as a potential therapy for pulmonary arterial hypertension, although levosimendan is its prioritized clinical program. As a development-stage pharmaceutical business, Tenax does not have the diversified commercial operations of a large drugmaker. Its value is closely linked to clinical trial progress, regulatory milestones, financing capacity, and the strength of its intellectual property and development strategy.
For investors, Tenax offers exposure to a high-risk, high-potential area of specialty medicine. Pulmonary hypertension and related heart-lung disorders are complex markets with meaningful unmet need, but drug development in these indications requires convincing clinical evidence, careful safety evaluation, and regulatory approval before any product can become commercially available.
Last updated
- Market Cap
- 290.45M
- P/E
- —
- P/FCF
- —
- P/S
- —
- Enterprise Value
- 171.7M
- Sector
- Health Care
- Industry
- Pharmaceutical Preparations
- Address
- 101 GLEN LENNOX DRIVE, CHAPEL HILL, NC, 27517
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Tenax Therapeutics to Host KOL Event: “LEVEL Setting: the Scientific Rationale for Levosimendan as a Potential First Treatment for PH-HFpEF, and the Ongoing Phase 3 LEVEL Study”
Tenax Therapeutics Announces Global License Amendment that Significantly Expands Rights to Levosimendan
Tenax Therapeutics Announces Pricing of Approximately $9 Million Public Offering
Tenax Therapeutics Enrolls First Patient in Phase 3 LEVEL Study Evaluating TNX-103 (Oral Levosimendan) for the Treatment of Pulmonary Hypertension in Heart Failure with Preserved Ejection Fraction (PH-HFpEF)
Tenax Therapeutics Announces Reverse Stock Split
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Tenax Therapeutics Achieves Major Milestone as USPTO Grants Notice of Allowance for U.S. Patent Application Covering Use of Oral Levosimendan (TNX-103) in Pulmonary Hypertension with Heart Failure with Preserved Ejection Fraction (PH-HFpEF)
Tenax Therapeutics Provides 2023 Business Update
Tenax Announces Issuance of U.S. Patent Covering Use of IV Levosimendan in Pulmonary Hypertension with Heart Failure with Preserved Ejection Fraction (PH-HFpEF)
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 290.45M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 171.7M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 2.53
- P/S
P/S ratio compares a company's share price to its revenue per share.
- —
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -2.79
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- —
- EPS
- -2.18
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- —
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -50.49%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -47.01%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 14.52
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 14.52
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 13.99
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 658.33K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 10.95
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | -16.57M | -16.45M | -16.81M | -11.79M | -11.34M |
| EBITDA | -16.57M | -16.45M | -16.81M | -11.79M | -11.34M |
| Net income | -15.72M | -15.54M | -15.8M | -10.85M | -10.41M |
| Basic EPS | -0.35 | -0.38 | -0.4 | -0.27 | -0.28 |
| Diluted EPS | -0.35 | -0.38 | -0.4 | -0.27 | -0.28 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 123.18M | 104.23M | 102.81M | 105.86M | 112.06M |
| Total liabilities | 8.49M | 7.16M | 6.6M | 2.53M | 2.77M |
| Total equity | 114.69M | 97.07M | 96.21M | 103.33M | 109.29M |
| Cash & equivalents | 118.76M | 97.57M | 99.37M | 105.46M | 111.45M |
| Current assets | 123.18M | 104.23M | 102.81M | 105.86M | 112.06M |
| Current liabilities | 8.49M | 7.16M | 6.6M | 2.53M | 2.77M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -9.31M | -13.42M | -9.16M | -6.26M | -6.97M |
| Investing cash flow | — | — | — | — | — |
| Financing cash flow | 30.5M | 11.61M | 3.06M | 278K | 23.56M |
| Change in cash | 21.19M | -1.8M | -6.09M | -5.99M | 16.6M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | SCHEDULE 13G — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 3 — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 4 — TENAX THERAPEUTICS, INC. | View Filing | |
| form 3 | Form 3 — STAAB THOMAS R II | View Filing | |
| edgar index | 8-K — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 10-Q — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | S-8 — TENAX THERAPEUTICS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — STAAB THOMAS R II | View Filing | |
| form 4 | Form 4 — STAAB THOMAS R II | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 8-K — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | DEF 14A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | DEFA14A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | ARS — TENAX THERAPEUTICS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | EFFECT — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | CORRESP — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | UPLOAD — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | S-3 — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 10-K — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 8-K — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13D — TENAX THERAPEUTICS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | SCHEDULE 13G — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G/A — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | SCHEDULE 13G — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 4 — TENAX THERAPEUTICS, INC. | View Filing | |
| form 4 | Form 4 — MCGAULEY THOMAS | View Filing | |
| form 4 | Form 4 — MCGAULEY THOMAS | View Filing | |
| form 4 | Form 4 — MCGAULEY THOMAS | View Filing | |
| form 4 | Form 4 — MCGAULEY THOMAS | View Filing | |
| edgar index | 4 — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 4 — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 4 — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 4 — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 4 — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 4 — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 4 — TENAX THERAPEUTICS, INC. | View Filing | |
| edgar index | 8-K — TENAX THERAPEUTICS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — PROEHL GERALD T | View Filing | |
| form 4 | Form 4 — Almenoff June Sherie | View Filing |