NEW YORK, Nov. 25, 2014 /PRNewswire/ -- Analyst Report by Small Cap IR - Tenax Therapeutics, Inc. (NASDAQ: TENX) After a name change and a refocus of priorities the Company is poised to strengthen its position as an emerging providers of products for the critical care market. In our view this lowers the risk profile and improves the odds of stock appreciation going forward.
Tenax Therapeutics is a specialty pharmaceutical company focused on the development and commercialization of a portfolio of products for the critical care market in the United States and Canada. The key compound in the products is levosimendan, 2.5 mg/ml concentrate for use in the reduction of morbidity and mortality in cardiac surgery patients at risk for developing Low Cardiac Output Syndrome. Levosimendan has been granted Fast Track status, and the U.S. Food and Drug Administration (FDA) has also agreed to the protocol design under a Special Protocol Assessment (SPA), and provided guidance that a single successful trial will be sufficient to support approval of levosimendan in this indication. The trial is being conducted by Duke University's Duke Clinical Research Institute.
The analyst report discusses in more detail the current fundamental and technical factors that are developing to drive the stock going forward. Technical insights, trading targets, support and resistance are provided that should be of interest to traders. Analyst summary with valuation is also included. There is no cost obligation required to view this report:
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SOURCE Small Cap IR