Tenax Therapeutics (TENX) reported second-quarter 2026 financial results and said it expects topline data from its Phase 3 LEVEL clinical trial in August 2026.
The company reported cash and cash equivalents of $118.0 million as of June 30, 2026. Tenax said $13.4 million in proceeds from warrant exercises during the quarter extended its expected cash runway through the second quarter of 2028.
- Net loss was $17.8 million for the second quarter of 2026, compared with $10.9 million in the second quarter of 2025.
- Research and development expenses were $12.9 million, up from $6.1 million a year earlier.
- Selling, general and administrative expenses were $5.9 million, compared with $5.7 million in the prior-year quarter.
- Tenax plans to present results from the Phase 3 LEVEL clinical trial in a Late-Breaking Clinical Science session at the ESC Congress 2026 in Munich.
- The company said LEVEL-2 enrollment is expected to be completed by the end of 2027.
$TENX Hedge Fund Activity
We have seen 57 institutional investors add shares of $TENX stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 2,951,116 shares (+inf%) to their portfolio in Q1 2026, for an estimated $47,188,344
- STONEPINE CAPITAL MANAGEMENT, LLC added 963,316 shares (+8106.0%) to their portfolio in Q1 2026, for an estimated $15,403,422
- LOGOS GLOBAL MANAGEMENT LP added 625,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $9,993,750
- VELAN CAPITAL INVESTMENT MANAGEMENT LP added 500,000 shares (+600.0%) to their portfolio in Q1 2026, for an estimated $7,995,000
- ARMISTICE CAPITAL, LLC added 478,827 shares (+inf%) to their portfolio in Q1 2026, for an estimated $7,656,443
- ADAGE CAPITAL PARTNERS GP, L.L.C. added 456,793 shares (+548.2%) to their portfolio in Q1 2026, for an estimated $7,304,120
- TD ASSET MANAGEMENT INC added 399,184 shares (+inf%) to their portfolio in Q1 2026, for an estimated $6,382,952
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
