Praxis Precision Medicines Provides Portfolio Update At 2023 R&D Day
Portfolio Pulse from Benzinga Newsdesk
Praxis Precision Medicines provided an update on its portfolio at its 2023 R&D Day. The company reported positive preliminary results from PRAX-222 Part 1, with a 44% median reduction in seizures after three doses for SCN2A-gain-of-function pediatric patients. The Phase 3 program for ulixacaltamide is set to begin this quarter, with nearly 600 patients expressing interest in participating. Praxis expects to submit a New Drug Application for ulixacaltamide in 2025. The company also shared additional data from the Phase 1 study of PRAX-628, reinforcing its potential as a next-generation precision anti-seizure medication.
October 02, 2023 | 5:22 pm
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Praxis Precision Medicines reported positive preliminary results from PRAX-222 Part 1 and plans to submit a New Drug Application for ulixacaltamide in 2025. The company's portfolio update could potentially boost investor confidence.
The positive preliminary results from PRAX-222 Part 1 and the upcoming New Drug Application for ulixacaltamide indicate progress in Praxis Precision Medicines' portfolio. This could potentially boost investor confidence and have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100