Also known as: Praxis
The FDA accepted Praxis Precision Medicines' NDA for ulixacaltamide in essential tremor and set a Jan. 29, 2027 PDUFA date. The filing is backed by positive Phase 3 Essential3 data.
Praxis Precision Medicines submitted NDAs for ulixacaltamide and relutrigine to the FDA, reported cash and investments of $926 million as of December 31, 2025, and disclosed a net loss of $303.3 million for full-year 2025.
Praxis Precision Medicine reported Q4 losses of $3.50 per share, missing analyst estimates of $3.08 per share. Following the earnings announcement, analysts maintained their ratings while raising price targets across the board.
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