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Praxis Precision Medicines, Inc. Investors: Company Investigated by the Portnoy Law Firm
PraxisPraxis(US:PRAX) GlobeNewswire News Roomยท2025-08-05 21:50

Core Viewpoint - Praxis Precision Medicines, Inc. is under investigation for possible securities fraud following disappointing clinical trial results and a significant drop in stock price [1][3][4] Financial Results - On August 4, 2025, Praxis reported its financial results for Q2 2025, including mid-stage clinical trial results for its anti-seizure medication, vormatrigine [3] - The trial revealed that 36 out of 61 patients experienced treatment-emergent adverse events, with nearly 25% of participants discontinuing the study [3] Stock Performance - Following the announcement of the financial results and clinical trial outcomes, Praxis's stock price fell by $3.00 per share, approximately 5.55%, closing at $51.09 per share on August 4, 2025 [4] Legal Actions - The Portnoy Law Firm has initiated an investigation into Praxis and may file a class action on behalf of investors who suffered losses [1][2] - Investors are encouraged to contact the law firm for a complimentary case evaluation regarding their legal rights [2]