Praxis Precision Medicines Announced That The European Medical Agency Has Awarded Its Priority Medicines Designation For Elsunersen (PRAX-222) For SCN2A Gain Of Function Developmental And Epileptic Encephalopathy
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Praxis Precision Medicines has received the Priority Medicines (PRIME) designation from the European Medical Agency (EMA) for its investigational drug Elsunersen (PRAX-222), which is being developed to treat SCN2A gain of function developmental and epileptic encephalopathy.
November 16, 2023 | 1:04 pm
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Praxis Precision Medicines' PRAX-222 has been granted PRIME designation by the EMA, potentially accelerating its development and review process for treating SCN2A developmental and epileptic encephalopathy.
The PRIME designation by the EMA is a significant regulatory milestone that can expedite the development and review of drugs that target unmet medical needs. This news is likely to be viewed positively by investors as it enhances the credibility of Praxis Precision Medicines' pipeline and could lead to faster market access for Elsunersen (PRAX-222). The impact on the stock price is likely to be positive in the short term due to increased investor confidence in the potential of PRAX-222.
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