Praxis(PRAX)
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Praxis Precision Medicines, Inc. (PRAX) Discusses Essential3 Topline Results and Next Steps in Essential Tremor Program - Slideshow (NASDAQ:PRAX) 2025-10-16
Seeking Alpha· 2025-10-16 23:57
Group 1 - The article does not provide any relevant content regarding company or industry insights [1]
Recent Market Movements Highlight Significant Price Changes in Various Companies
Financial Modeling Prep· 2025-10-16 22:00
Group 1: Praxis Precision Medicines, Inc. - The company experienced a stock price surge of 204.8% to $174.80, attributed to positive developments in its clinical-stage biopharmaceutical efforts [1][5] - Positive topline results from two pivotal Phase 3 studies of ulixacaltamide, a treatment for essential tremor, have fueled investor optimism [1] Group 2: NAYA Biosciences, Inc. (INVO Fertility, Inc.) - The company saw a 142.7% increase in stock price to $1.83, linked to its strategic focus on fertility care and separation from its oncology business [2][5] - The innovative approach to assisted reproductive technology (ART) through the proprietary INVOcell® medical device is a key driver of this growth [2] Group 3: rYojbaba Co., Ltd. - The company experienced an 80.6% increase in stock price to $3.92, attributed to its support in corporate and labor consulting services [3] - The successful closing of its initial public offering, involving 1.25 million shares at $4.00 per share, resulted in gross proceeds of $5 million [3] Group 4: Sonder Holdings Inc. - The company saw a stock price rise of 66.2% to $1.52, reflecting investor confidence in its hospitality business model [4] - The release of its financial results for the second quarter of 2025 has contributed to increased investor interest [4]
Praxis Precision Medicines Sees New Price Target from Jefferies
Financial Modeling Prep· 2025-10-16 21:12
Core Insights - Praxis Precision Medicines (NASDAQ:PRAX) is focused on developing treatments for central nervous system disorders, with a new price target set at $300 by Jefferies analyst Andrew Tsai, indicating a potential growth of approximately 70.69% from the current price of $175.76 [1][5] Company Performance - The current trading price of PRAX is $176.01, reflecting a substantial increase of 206.90% with a change of $118.66, and the stock has experienced fluctuations today, with a low of $158 and a high of $205.89, the latter being its highest price in the past year [3][5] - PRAX's market capitalization is approximately $3.70 billion, indicating the company's value in the market, and the trading volume today is 11.48 million shares, suggesting significant investor activity [4][5] Drug Development and Market Position - Optimism surrounding PRAX is driven by promising results from its experimental drug for movement disorders, which has shown improvement in daily functioning for patients in two late-stage trials, potentially enhancing Praxis's position in the healthcare and pharmaceuticals sector [2][5]
Praxis Precision Medicines, Inc. Announces Proposed Public Offering
Globenewswire· 2025-10-16 20:01
Core Viewpoint - Praxis Precision Medicines, Inc. has announced a proposed public offering of its common stock and prefunded warrants to certain investors, with all securities offered by the company [1] Group 1: Offering Details - The offering will include a 30-day option for underwriters to purchase additional shares up to 15% of the total shares sold at the public offering price, minus underwriting discounts and commissions [1] - The offering is being managed by TD Cowen, Piper Sandler, Guggenheim Securities, and Truist Securities as joint book-running managers [2] - The offering is made under a shelf registration statement on Form S-3ASR, which became effective upon filing on December 23, 2024 [3] Group 2: Prospectus Information - The proposed offering will be conducted only through a preliminary prospectus supplement and the accompanying base prospectus [3] - Interested parties can obtain a copy of the preliminary prospectus from the specified financial institutions [3]
Praxis Precision's tremor-drug trial succeeds where others have failed. The stock is skyrocketing.
MarketWatch· 2025-10-16 18:14
Core Viewpoint - Shares of Praxis Precision Medicines have reached their highest intraday level since March 2022 [1] Company Summary - Praxis Precision Medicines has experienced a significant increase in share price, indicating positive market sentiment and potential investor interest [1]
What's fueling PRAX stock's jaw-dropping 235% surge on Thursday?
Invezz· 2025-10-16 16:02
Core Insights - Praxis Precision Medicines experienced a significant stock increase of 235% following the announcement of positive topline results from two pivotal Phase 3 studies of ulixacaltamide for essential tremor [1] Company Summary - The company reported successful outcomes from its Phase 3 clinical trials, which are critical for the development of ulixacaltamide as a treatment for essential tremor [1] - The positive results are expected to enhance the company's market position and investor confidence, leading to a substantial rise in stock value [1]
This ‘Strong Buy’ Stock Has More Than Tripled Today. Should You Buy It Here?
Yahoo Finance· 2025-10-16 15:35
Core Viewpoint - Praxis Precision Medicines (PRAX) shares surged nearly threefold following positive late-stage results for its experimental drug ulixacaltamide, which significantly improved daily functioning in patients with essential tremor across two Phase 3 trials [1][3]. Company Overview - Ulixacaltamide demonstrated a 4.3 point improvement in daily task performance compared to placebo in the first clinical study, with sustained efficacy observed in the second study [3][4]. - The absence of FDA-approved therapies for essential tremor positions ulixacaltamide as a potential first-in-class blockbuster, attracting investor interest in accelerated regulatory momentum and commercial potential [4]. Financial Position - The company maintains a strong cash position of $470 million, sufficient to support operations through key regulatory milestones [6]. - Despite the recent surge in valuation, the breadth of the pipeline and cash runway justify continued investor interest [6]. Future Prospects - Praxis is not solely reliant on ulixacaltamide, as it has three late-stage assets with blockbuster potential and anticipates four commercial launches by 2028 [5]. - If ulixacaltamide secures FDA approval, PRAX shares could evolve from a speculative investment to a commercial-stage biotech growth story [6]. Market Sentiment - Wall Street analysts remain optimistic about PRAX stock, indicating a bullish outlook for the company [8].
美股异动 | 特发性震颤药物研究出现积极进展 Praxis Precision Medicines(PRAX.US)飙升240%
智通财经网· 2025-10-16 14:40
Core Insights - Praxis Precision Medicines (PRAX.US) shares surged 240% to a three-year high of $194.90 following the announcement of positive results for their essential tremor drug Ulixacaltamide in two pivotal Phase III studies [1] Group 1: Study Results - Study 1 demonstrated a 4.3-point improvement in the Modified ADL-11 score at week 8 with a p-value of <0.0001, and all key secondary endpoints showed statistical significance [1] - Study 2 indicated significant maintenance of effect with a p-value of 0.0369, and the first key secondary endpoint also showed statistical significance with a p-value of 0.0042 [1] Group 2: Safety and Regulatory Progress - Ulixacaltamide exhibited good safety data, with no drug-related serious adverse events reported in both studies, and tolerability consistent with previous trials [1] - The company has submitted a pre-NDA meeting request to the FDA to advance the drug approval process [1]
特发性震颤药物研究出现积极进展 Praxis Precision Medicines(PRAX.US)飙升240%
Zhi Tong Cai Jing· 2025-10-16 14:39
周四,Praxis Precision Medicines(PRAX.US)早盘飙升240%,创三年新高,报194.90美元。消息面上,该 公司宣布特发性震颤药物Ulixacaltamide在两项关键III期研究中达到主要终点:Study1显示第8周 Modified ADL-11评分改善4.3分p<0.0001,所有关键次要终点均具统计学显著性;Study2显示维持效果显 著p=0.0369,且第一个关键次要终点具统计学显著性p=0.0042。Ulixacaltamide安全性数据良好,两项研 究中未出现药物相关严重不良事件,耐受性与既往试验一致。公司向FDA提交了Ulixacaltamide的新药 预申请pre-NDA会议请求,推进药物审批进程。 ...
Praxis Precision Medicines (NasdaqGS:PRAX) Update / Briefing Transcript
2025-10-16 13:00
Praxis Precision Medicines (NasdaqGS:PRAX) Update / Briefing October 16, 2025 08:00 AM ET Speaker0Good day. Thank you for standing by. Welcome to the Practice Precision Medicine's Essential Treat Topline Results Conference Call. After the speaker's presentation, there will be a question and answer session. Please note that today's conference may be recorded.I will now hand the conference over to your speaker host, Dan Ferry. Please go ahead.Speaker1Good morning, and welcome to the Praxis Precision Medicine' ...