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TNF Pharmaceuticals, Inc.

CIK: 13218342 Annual ReportsLatest: 2025-04-11

10-K / April 11, 2025

Revenue:N/A
Income:-$23,359,334

10-K / April 1, 2024

Revenue:N/A
Income:-$8,218,163

10-K / April 11, 2025

Company Summary: TNF Pharmaceuticals, Inc.

Overview

TNF Pharmaceuticals, Inc. (formerly MyMD Pharmaceuticals, Inc.) is a Delaware-incorporated clinical-stage pharmaceutical company focused on extending healthy lifespan through the development of novel immunometabolic and cannabinoid-based therapies.

Core Focus

  • Therapeutic Platforms: Based on two well-defined targets:
    • Isomyosamine: A small molecule drug aimed at regulating the immune system by inhibiting pro-inflammatory cytokines such as TNF-α, IL-6, and IL-17. It is developed to treat autoimmune diseases (e.g., rheumatoid arthritis, multiple sclerosis), age-related conditions like sarcopenia and frailty, and potentially other inflammatory and age-related disorders.
    • Supera-CBD: A synthetic analog of natural cannabidiol (CBD) developed for conditions like pain, anxiety, depression, epilepsy, and sleep disorders. It inhibits key receptors and enzymes, such as CB2, opioid receptors, and MAO-B, with potential applications in addiction, neuropsychiatric disorders, and other neurological conditions.

Recent Corporate and Regulatory Changes

  • Changed name from MyMD Pharmaceuticals, Inc. to TNF Pharmaceuticals, Inc. on July 22, 2024.
  • Reincorporated in Delaware (effective March 4, 2024) from New Jersey.
  • Conducted a 1-for-30 reverse stock split on February 14, 2024.
  • Increased authorized shares of common stock from 16.7 million to 250 million on July 25, 2024.
  • Publicly traded on Nasdaq under the ticker "TNFA" since July 24, 2024.

Employees

  • As of December 31, 2024: 2 full-time employees.
  • No part-time employees; no union relationships.

Financials & Market Capitalization

  • Market Value (June 30, 2024): Approximately $3.788 million (based on a stock price of $1.84).
  • Shares Outstanding (as of April 4, 2025): 10,132,619 shares of common stock.
  • Financial Condition: Incurs ongoing losses; in 2024, net loss of approximately $27.16 million; accumulated deficit of $129.08 million as of December 31, 2024.
  • Cash & Marketable Securities (as of December 31, 2024): Approximately $8.5 million.

Business Operations

  • Focuses on developing and commercializing drugs targeting aging, autoimmune, and neurological diseases.
  • No current revenue from product sales.
  • Strategy involves progressing through clinical trials, regulatory approval, and potential commercialization.
  • Clinical pipeline includes multiple Phase 1 and Phase 2 trials, notably for Isomyosamine in treatment of sarcopenia, rheumatoid arthritis, and autoimmune thyroiditis.

Intellectual Property

  • Holds 18 U.S. patents and 69 foreign patents; patent rights expected to expire between 2036-2041.
  • Patents cover autoimmune diseases, age reversal, TNF-α reduction, addiction, and hair growth.
  • Continuously prosecuting and protecting intellectual property rights.

Key Development & Clinical Trial Plans

  • Planning Phase 2b clinical trial for Isomyosamine in sarcopenia in early 2025.
  • Conducting preclinical studies on Supera-CBD.
  • Active IND (Investigational New Drug) applications, including for autoimmune diseases and Hashimoto’s Thyroiditis.
  • No current regulatory approvals for any product candidate.

Additional Details

  • Operates in a highly competitive environment with significant emphasis on intellectual property.
  • Relies on third-party manufacturers and CROs for clinical testing and manufacturing.
  • No customer base or revenue mentioned; the company is in the development stage with ongoing clinical trials and regulatory processes.