Praxis Precision Medicines, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- CEO
- Marcio Silva De'Souza
- Full Time Employees
- 168
- Sector
- Healthcare
- Industry
- Biotechnology
- Address
- 99 High Street Boston MA United States of America 02110
- IPO Date
- Oct 16, 2020
- CIK
- 0001689548
- Website
- praxismedicines.com
- Similar Companies
- Business
- Praxis Precision Medicines, Inc. (PRAX) is a clinical-stage biopharmaceutical company that translates genetic insights from epilepsies into therapies for central nervous system (CNS) disorders characterized by neuronal excitation-inhibition imbalance; it employs proprietary small molecule platform Cerebrum and antisense oligonucleotide (ASO) platform Solidus to develop treatments targeting shared biological mechanisms in epilepsy, movement disorders, and related conditions. The company offers a pipeline including ulixacaltamide (PRAX-944), a selective T-type calcium channel inhibitor in Phase 3 for essential tremor; relutrigine (PRAX-562), a sodium channel blocker in Phase 2/3 for SCN2A/SCN8A developmental and epileptic encephalopathies (DEEs) and gaining Rare Pediatric Disease Designation for Dravet syndrome; vormatrigine (PRAX-628), a voltage-gated sodium channel modulator in Phase 2/3 for focal epilepsy, idiopathic generalized epilepsy, and expanding to pain indications with topline data expected in 2025-2026; elsunersen, an ASO targeting Nav1.2 in Phase 1/2 for precocious puberty and SCN2A-DEE; and preclinical programs such as SYNGAP1-targeted therapies for epilepsy. Founded in 2015 and headquartered in Boston, Massachusetts, Praxis Precision Medicines operates primarily in the United States with global clinical trial reach and maintains license agreements with RogCon Inc. and a research collaboration with Ionis Pharmaceuticals, Inc. Recent developments include a $567 million public offering in 2025 to fund operations into 2028 and advance relutrigine and vormatrigine; completion of recruitment for the POWER1 study of vormatrigine in focal onset seizures with results anticipated in first-half 2026; initiation of the POWER2 study; positive interim data from EMBOLD for relutrigine in DEEs prompting Cohort 2 recruitment and progression to registrational stages; and an October 2025 public offering priced at approximately $956 million pro forma cash position.
Company News
Praxis Precision Medicines, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Praxis Precision Medicines, Inc. (NASDAQ:PRAX) Receives Consensus Rating of “Buy” from Brokerages
Praxis Precision Medicines (NASDAQ:PRAX) Hits New 1-Year High – What’s Next?
9,840 Shares in Praxis Precision Medicines, Inc. $PRAX Purchased by Handelsbanken Fonder AB
4 Biotech Stocks With Major Second-Half Pipeline Catalysts This Year
Praxis: Commercial Launch Could Smash Expectations (Video)
Praxis Precision Medicines, Inc. (PRAX) Q2 2026 Earnings Call Transcript
Praxis Precision Medicines Q2 Earnings Call Highlights
Praxis Precision Medicines, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Praxis Precision Medicines to Report Second Quarter 2026 Financial Results on Thursday, August 6, 2026
Bank of New York Mellon Corp Boosts Stock Position in Praxis Precision Medicines, Inc. $PRAX
Fifth Third Bancorp Acquires New Holdings in Praxis Precision Medicines, Inc. $PRAX
Praxis Precision Medicines: Priced For Half Of What I Think It's Worth
Praxis Precision Medicines and Remagine Labs Announce Strategic Collaboration to Develop Transdermal Ulixacaltamide for Essential Tremor
Praxis Precision Medicines, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Praxis Precision Medicines Announces Extension Period for Relutrigine for Treatment of SCN2A and SCN8A Developmental and Epileptic Encephalopathies
Praxis' Seizure Drug Move Towards Faster Development After Positive Trial Results
Praxis Precision Medicines Receives FDA Breakthrough Therapy Designation for Elsunersen for the Treatment of Seizures Associated with SCN2A Developmental and Epileptic Encephalopathy Caused by Gain of Function Variants
Praxis Precision Medicines, Inc. (PRAX) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Transcript
Praxis' Premium Price May Reflect Unrealistic Market Prospects In Essential Tremor