
Praxis Precision Medicines Inc
PRAX · NASDAQ · Healthcare / Biotechnology
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About
Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, engages in the development of therapies for central nervous system (CNS) disorders characterized by neuronal excitation-inhibition imbalance in the United States. The company's platforms include Cerebrum, a small molecule platform for CNS small molecule therapies to develop orally available precision therapies; and Solidus to discover and develop antisense oligonucleotide. It also develops ulixacaltamide, a small molecule inhibitor of T-type calcium channels that in NDA for the treatment of essential tremor; relutrigine, a small molecule, which is in NDA for the treatment of SCN2A- and SCN8A-developmental and epileptic encephalopathies (DEE), as well as in Phase 3 trial for broad DEEs; vormatrigine, a small molecule targeting the hyperexcitable state of sodium-channels in the brain that is in Phase 3 trial for the treatment of adjunctive focal epilepsy, as well as in Phase 2 trial for monotherapy focal epilepsy; and Elsunersen, a clinical-stage ASO designed to selectively decrease SCN2A gene expression, which is in Phase 3 trial for the treatment of SCN2A-DEE. In addition, the company is developing product candidates in pre-clinical trial comprising PRAX-020 to treat KCNT1; PRAX-080 that targets PCDH19 mosaic expression disorders; PRAX-090 for targeting SYNGAP1 loss-of-function; and PRAX-100 that targets SCN2A LoF mutations. It has a cooperation and license agreement with RogCon Inc.; research collaboration, option, and license agreement with Ionis Pharmaceuticals, Inc.; and research collaboration and license agreement to develop an iontophoretic transdermal patch for the delivery of ulixacaltamide. The company was formerly known as EpiPM Therapeutics, Inc. and changed its name to Praxis Precision Medicines, Inc. in October 2016. Praxis Precision Medicines, Inc. was incorporated in 2015 and is headquartered in Boston, Massachusetts.
Company Details
- SectorHealthcare
- IndustryBiotechnology
- CEOMr. Marcio Silva De'Souza M.B.A.
- Employees168
- Headquarters99 High Street, Boston, MA, United States, 02110, USA
- Websitehttps://praxismedicines.com
Leadership
- Mr. Marcio Silva De'Souza M.B.A.President, CEO & Director · b. 1979
- Mr. Timothy Edwin KellyCFO & Treasurer · b. 1973
- Mr. Alex Nemiroff J.D.General Counsel & Secretary · b. 1979
- Dr. Steven Petrou B.Sc. (Hons.), Ph.D.Co-Founder and President of Research & Development
- Ms. Megan T. SniecinskiChief Operating Officer · b. 1981
- Dr. Karl Hansen Ph.D.Chief Technical Operations Officer
- Ms. Kelly McCueChief People Officer
- Ms. Alyssa J. S. WyantChief Regulatory & Quality Officer · b. 1975
- Mr. Brian SparChief of Staff
- Dr. Orrin Devinsky M.D., Ph.D.Head of Clinical Strategy · b. 1958
Financials
Income Statement
Balance Sheet
Cash Flow
Earnings
Key Statistics & Ratios
Analyst Ratings
- Strong Buy15
- Buy4
- Hold1
- Strong Sell1
Ownership Breakdown
- Institutions
- 124.17%
- Insiders
- 0.28%
- Retail / Other
- 0.00%
Top Institutional Holders
- Jupiter Topco LLC3.42M12.25%
- FMR Inc2.32M8.30%
- BlackRock Inc2.29M8.21%
- Perceptive Advisors LLC2.04M7.29%
- Baker Bros Advisors LP1.75M6.28%
- Orbis Allan Gray Ltd1.53M5.48%
- Vanguard Portfolio Management, LLC1.34M4.78%
- Vanguard Capital Management, LLC1.24M4.42%
- State Street Corp1.03M3.68%
- Adage Capital Partners Gp LLC1.02M3.64%
- Deerfield Management Co963.35K3.45%
- Driehaus Capital Management LLC959.05K3.44%
- T. Rowe Price Associates, Inc.943.00K3.38%
- Morgan Stanley - Brokerage Accounts854.11K3.06%
- Geode Capital Management, LLC748.04K2.68%
- Cormorant Asset Management, LLC640.00K2.29%
- The Goldman Sachs Group Inc548.83K1.97%
Top Fund Holders
- Vanguard MStar Total Stk Mkt Idx Invest887.42K3.18%
- iShares Russell 2000 ETF637.00K2.28%
- Vanguard Small Cap Index628.16K2.25%
Stock Splits
- Nov 29, 20231:15