Praxis Precision Medicines shares are trading higher after the company announced topline results for its Phase 2 study of Relutrigine, showing a monthly motor seizure reduction of 46% during double-blind period.
Portfolio Pulse from Benzinga Newsdesk
Praxis Precision Medicines shares rose after announcing positive topline results from its Phase 2 study of Relutrigine, which showed a 46% reduction in monthly motor seizures during the double-blind period.
September 03, 2024 | 12:53 pm
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POSITIVE IMPACT
Praxis Precision Medicines reported positive results from its Phase 2 study of Relutrigine, leading to a significant reduction in motor seizures. This news has driven the company's stock price higher.
The positive Phase 2 results for Relutrigine are a significant milestone for Praxis Precision Medicines, indicating potential efficacy in reducing motor seizures. This has likely increased investor confidence, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100