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Axsome Therapeutics to Report Second Quarter 2025 Financial Results on August 4
Globenewswire· 2025-07-09 11:00
NEW YORK, July 09, 2025 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced it will report its financial results for the second quarter of 2025 on Monday, August 4, 2025, before the opening of the U.S. financial markets. Axsome management will then host a conference call at 8:00 a.m. Eastern Time to discuss these results and provide a business update. To participate in the live ...
Axsome Therapeutics Champions Brain Health During Alzheimer's & Brain Awareness Month
Globenewswire· 2025-06-20 11:00
Core Insights - Axsome Therapeutics is collaborating with the Alzheimer's disease advocacy community to raise awareness about the increasing impact of Alzheimer's disease in the U.S. and the significance of brain health during Alzheimer's & Brain Awareness Month [1][2] Industry Overview - There are currently over 7 million Americans living with Alzheimer's disease, a number projected to rise to approximately 14 million by 2060 [2] - Alzheimer's disease is the most common form of dementia, characterized by cognitive decline and various behavioral symptoms [2] - Nearly 12 million individuals serve as caregivers for those affected by Alzheimer's disease, highlighting the extensive burden on public health [2] - The Global Burden of Disease classification indicates that Alzheimer's disease has escalated from the 12th to the 6th most burdensome disease in the U.S. from 1990 to 2016, based on disability-adjusted life years (DALYs) [2][8] Company Initiatives - Axsome Therapeutics is actively participating in raising awareness and sharing resources related to Alzheimer's disease, alongside advocacy and patient communities [2] - The company is involved in scientific and medical conferences throughout the year to further its mission [2] Research and Development Focus - Axsome Therapeutics is dedicated to addressing central nervous system (CNS) disorders through innovative treatments, focusing on novel mechanisms of action to improve patient outcomes [3][5] - The company's neuroscience portfolio includes FDA-approved treatments for various conditions, including major depressive disorder and narcolepsy [5]
Axsome Therapeutics to Present Data Spanning the SYMBRAVO® (meloxicam and rizatriptan) Clinical Program at the 67th Annual Scientific Meeting of the American Headache Society (AHS)
Globenewswire· 2025-06-18 11:00
NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced that data from across the SYMBRAVO® (meloxicam and rizatriptan) clinical program will be presented at the 67th Annual Scientific Meeting of the American Headache Society (AHS), being held June 19-22, 2025, in Minneapolis, Minnesota. Details for the presentations are as follows: Title: Efficacy of SYMBRA ...
Axsome Therapeutics Showcases Innovation in Sleep Medicine with Multiple Presentations for AXS-12 and Solriamfetol at SLEEP 2025
Globenewswire· 2025-06-11 11:00
Core Insights - Axsome Therapeutics, Inc. is presenting seven studies at the SLEEP 2025 conference, focusing on AXS-12 and solriamfetol, which are aimed at treating central nervous system disorders [1] Group 1: AXS-12 Presentations - AXS-12 is being evaluated in a Phase 3 open-label extension and randomized-withdrawal trial for narcolepsy, with topline results presented by Dr. Richard Bogan [2] - The impact of AXS-12 on symptom severity and functional impairment in narcolepsy is being discussed, with results from the Phase 3 SYMPHONY trial presented by Dr. Michael Thorpy [2] - A subgroup analysis from the CRESCENDO survey highlights residual symptom burden in patients with narcolepsy who are satisfied with treatment, also presented by Dr. Michael Thorpy [2] Group 2: Solriamfetol Presentations - The effects of solriamfetol on neuropsychological outcomes in patients with obstructive sleep apnea are being presented in the real-world SURWEY study by Dr. Yaroslav Winter [3] - Real-world usage of solriamfetol for excessive daytime sleepiness in patients with obstructive sleep apnea in the U.S. is being discussed, led by Dr. Yang Zhao [3] Group 3: Product Information - AXS-12 (reboxetine) is a selective norepinephrine reuptake inhibitor under development for narcolepsy, with FDA Orphan Drug Designation granted [4][5] - Solriamfetol is a dopamine and norepinephrine reuptake inhibitor being developed for multiple conditions, including ADHD and excessive sleepiness associated with shift work disorder [6] Group 4: Company Overview - Axsome Therapeutics is focused on developing innovative treatments for CNS conditions, with a portfolio that includes FDA-approved therapies for major depressive disorder and excessive daytime sleepiness [7]
Axsome Therapeutics Announces Availability of SYMBRAVO® (meloxicam and rizatriptan) for the Acute Treatment of Migraine with or without Aura in Adults
Globenewswire· 2025-06-10 11:00
SYMBRAVO represents a novel multi-mechanistic approach to treating migraine that addresses multiple pathways underlying a migraine attack SYMBRAVO On My Side offers comprehensive patient support services including access and prescription drug support NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced that SYMBRAVO (meloxicam and rizatriptan) is now avai ...
Axsome Therapeutics (AXSM) FY Conference Transcript
2025-06-09 19:42
Axsome Therapeutics (AXSM) FY Conference Summary Company Overview - **Company**: Axsome Therapeutics - **Focus**: Development of innovative medicines for central nervous system (CNS) disorders, addressing significant unmet needs in psychiatry and neurology [2][3] Industry Context - **CNS Disorders**: Over 150 million people in the U.S. are affected by serious CNS conditions, which have been historically underserved by the biopharma industry [2][3] - **Key Conditions**: Major depressive disorder (MDD), Alzheimer's disease agitation, smoking cessation, ADHD, binge eating disorder, obstructive sleep apnea, migraine, narcolepsy, fibromyalgia, and shift work disorder [3][4] Core Strategies - **Five Pillars of Innovation**: 1. **Novel Mechanisms of Action**: Focus on distinct treatment outcomes in areas with multiple existing products [4] 2. **Multi-Mechanistic Modes of Treatment**: Examples include Ovelity and Cymbravo [5] 3. **Clinical Trial Innovation**: Designing trials to effectively detect signals from active molecules [5] 4. **Molecular Drug Delivery**: Innovative delivery methods for CNS-active molecules [6] 5. **Diversified Pipeline**: A singular neuroscience pipeline with three commercial products and multiple late-stage programs [6][7] Financial Highlights - **Potential Peak Sales**: Total potential peak sales across the pipeline estimated at $16.5 billion, with approved products like Avelity, Synoscience, and Bravo projected to reach $2 billion to $4.5 billion [8] - **Cash Position**: $300 million in cash resources as of the end of Q1, sufficient to reach cash flow positivity [39][40] Product Updates - **Ovelity**: Rapid growth with an annualized run rate of $400 million; over 50% of prescriptions are first-line treatments [11][14] - **Sunosi**: Steady growth with an annualized run rate of $100 million, focusing on potential label expansion [17] - **Simbravo**: Newly approved for acute migraine treatment, launching imminently [12][18] Clinical Trials and Regulatory Updates - **Cymbravo**: Approved earlier in the year, with positive Phase III clinical trial readouts [9] - **AXS-five**: NDA submission for Alzheimer's disease agitation on track for Q3; high unmet need with 7 million adults affected [21][22] - **Salriamfetol**: Exploring additional indications including ADHD and major depressive disorder, with ongoing trials [25][28] - **AXS-twelve**: NDA submission planned for narcolepsy in the second half of the year [33] - **AXS-fourteen**: Focused on fibromyalgia, with plans for a new 12-week fixed-dose trial following FDA feedback [35][36] Intellectual Property - **Patent Portfolio**: Broad coverage for pipeline programs, with settlements reached with multiple first filers [38] Conclusion - **Leadership and Future Outlook**: Strong leadership team and board, with a focus on providing updates throughout the year [40]
Axsome Therapeutics (AXSM) 2025 Conference Transcript
2025-06-05 19:37
Axsome Therapeutics (AXSM) 2025 Conference Summary Company Overview - Axsome Therapeutics is a CNS-focused biopharmaceutical company with three commercial programs: - **Avelity** for major depressive disorder (MDD) - **Sunosi** for excessive daytime sleepiness associated with obstructive sleep apnea (OSA) and narcolepsy - **Simbravo** for migraine, which is set to launch imminently [5][8][4] Key Programs and Developments - **Commercial Programs**: - Avelity has an annualized run rate of **$400 million** as of Q1 2025, with **15%** frontline use and **35%** second-line use among scripts [16][17] - Sunosi has approximately **75 sales reps**, while Avelity has expanded to **300 reps** from **260** earlier in the year [11][12] - Simbravo will launch with **100 reps** focused on headache centers [14][38] - **NDA Stage Programs**: - AXS-05 for Alzheimer's disease agitation - AXS-14 for fibromyalgia - AXS-12 for narcolepsy [6][8] Financial Outlook - Axsome expects to reach cash flow positivity but has not specified a timeline [8] - The company is focused on disciplined capital deployment and efficient launches due to high synergy within its sales teams [9][8] Market Strategy and Growth Drivers - Axsome plans to increase engagement with primary care physicians, which currently account for **20-25%** of scripts for Avelity [22] - A national direct-to-consumer (DTC) campaign is in development, with testing in regional markets [23][24] - The company anticipates improvements in coverage and access for patients, which could drive volume [24] Product Differentiation and Competitive Landscape - Avelity is positioned as a potential multi-billion dollar opportunity in MDD, with a unique profile compared to competitors like Rexulti and Vraylar [16][18] - The product is expected to have a distinct label and safety profile, differentiating it from atypical antipsychotics [30][32] Upcoming Approvals and Pipeline - Axsome is preparing to file an sNDA for Avelity in Q3 2025 for Alzheimer's agitation [27][35] - The company is also working on NDA submissions for AXS-14 (fibromyalgia) and AXS-12 (narcolepsy) [49][46] Clinical Data and Efficacy - AXS-14 has shown potential in addressing fatigue, a significant symptom for fibromyalgia patients, which may differentiate it from existing treatments [52] - The FOCUS Phase III trial for Sunosi in adults was positive, and a pediatric trial is planned to complete the NDA package [59] Conclusion - Axsome Therapeutics is strategically positioned for growth with multiple product launches and a robust pipeline. The focus on CNS disorders, combined with a disciplined approach to capital and market engagement, suggests a promising outlook for the company in the coming years [5][8][24]
2 Soaring Stocks Wth More Upside Potential
The Motley Fool· 2025-06-05 07:19
Group 1: Summit Therapeutics - Summit Therapeutics' shares have increased over 1,000% in the past three years, primarily due to the progress of ivonescimab, an investigational cancer medicine [2] - Ivonescimab has shown positive results in several phase 2 and phase 3 studies in China and is already approved there, contributing to Summit's market cap of $13.6 billion despite no revenue generation [2][6] - The drug has produced Phase 3 results comparable to Keytruda for non-small cell lung cancer, indicating significant market potential [4] - Ivonescimab is being tested for multiple cancer types, suggesting a robust pipeline for Summit Therapeutics [5] - The company anticipates U.S. approval for ivonescimab within three years, with potential for further approvals in the next decade [6] Group 2: Axsome Therapeutics - Axsome Therapeutics has seen stock market gains of nearly 350% over the past three years due to significant clinical and regulatory milestones [7] - The company’s revenue increased by 62% year over year to $121.5 million in the first quarter, driven by the approval of Auvelity for major depressive disorder and the acquisition of Sunosi for narcolepsy [8] - Axsome is expected to transform its product lineup with new approvals and label expansions in the next three years, including positive trial results for several candidates [9] - The company is conducting multiple clinical studies that could lead to further positive data and regulatory submissions, indicating a strong late-stage pipeline [10]
Why Is Axsome (AXSM) Down 1.8% Since Last Earnings Report?
ZACKS· 2025-06-04 16:37
It has been about a month since the last earnings report for Axsome Therapeutics (AXSM) . Shares have lost about 1.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Axsome due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It ...
Axsome Therapeutics (AXSM) FY Conference Transcript
2025-06-03 16:40
Axsome Therapeutics (AXSM) FY Conference June 03, 2025 11:40 AM ET Speaker0 To the the William Blair forty fifth Annual Growth Stock Conference. My name is Miles Minto. I'm a senior biotech analyst here at the firm. I cover the neurosciences and genetic medicines, and Axsome has been a day one coverage company for me. So early two thousand seventeen before before the Ascend data actually was when picked up coverage there. You know, obviously a bona fide growth story with a Vality well underway, launch of a ...