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.

10.77 USD
10.63 USD
−0.18 (-1.64%)
After-hours

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 Appoints Timothy Healey, MBA as Chief Commercial Officer

04 May 2026, 12:00 PM
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Tenax Therapeutics to Participate in the Cantor Global Healthcare Conference 2025

28 Aug 2025, 12:00 PM
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Tenax Therapeutics to Participate in the Guggenheim SMID Cap Biotech Conference

31 Jan 2025, 15:00 PM
GlobeNewswire Inc.

Evolving Landscape of Cardiology Segment: Key Market Insights of Latest Published Rare Cardiovascular Diseases Report — Giant-Cell Arteritis, Pulmonary Arterial Hypertension, and Restrictive Cardiomyopathy | DelveInsight

14 Jan 2025, 19:00 PM
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20 Aug 2024, 13:57 PM
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02 Aug 2024, 13:43 PM
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31 Jul 2024, 09:18 AM
GlobeNewswire Inc.

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”

09 Apr 2024, 13:30 PM
GlobeNewswire Inc.

Tenax Therapeutics Announces Global License Amendment that Significantly Expands Rights to Levosimendan

20 Feb 2024, 14:30 PM
GlobeNewswire Inc.

Tenax Therapeutics Announces Pricing of Approximately $9 Million Public Offering

08 Feb 2024, 14:16 PM
GlobeNewswire Inc.

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)

08 Feb 2024, 02:01 AM
GlobeNewswire Inc.

Tenax Therapeutics Announces Reverse Stock Split

29 Dec 2023, 14:30 PM
GlobeNewswire Inc.

Tenax Therapeutics Announces Professor Javed Butler, M.D., M.P.H, M.B.A., joins PH-HFpEF Scientific Advisory Board

17 Nov 2023, 14:30 PM
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GlobeNewswire Inc.

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)

31 May 2023, 13:54 PM
GlobeNewswire Inc.

Tenax Therapeutics Provides 2023 Business Update

12 Apr 2023, 13:45 PM
GlobeNewswire Inc.

Tenax Announces Issuance of U.S. Patent Covering Use of IV Levosimendan in Pulmonary Hypertension with Heart Failure with Preserved Ejection Fraction (PH-HFpEF)

22 Mar 2023, 13:45 PM
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Market Cap
290.45M
Enterprise Value
171.7M
P/E
P/B
2.53
P/S
EV / EBITDA
-2.79
EV / Sales
EPS
-2.18
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
ROE
-50.49%
ROA
-47.01%
Debt / Equity
0
Current Ratio
14.52
Quick Ratio
14.52
Cash
13.99
Avg Volume
658.33K
Fundamentals Snapshot Price
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
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