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Praxis Precision Medicines Provides Corporate Update and Reports First Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-05-02 12:30
Corporate Update - Praxis Precision Medicines is on track for six major study readouts across four programs over the next 12 months, with pivotal studies for developmental and epileptic encephalopathy (DEE) programs set to begin in mid-2025 [1][2] - The company reported cash and investments of $472 million as of March 31, 2025, which is expected to fund operations into 2028 [1][6] Product Development - Vormatrigine is demonstrating a best-in-class safety profile, with new data showing no food effect and higher dosing tolerability [1][3] - The registrational cohort of the EMBOLD study is recruiting strongly, with topline results expected by the first half of 2026 [2][5] - The EMERALD study for relutrigine will be initiated in mid-2025, targeting a broader DEE patient population [2][5] - The EMBRAVE study with elsunersen is progressing well, with topline results expected in the first half of 2026 [2][5] Financial Performance - Research and development expenses increased to $60.8 million for Q1 2025, compared to $27.0 million in Q1 2024, primarily due to increased expenses related to the Cerebrum™ platform [8] - General and administrative expenses decreased to $13.9 million for Q1 2025, down from $15.3 million in Q1 2024 [9] - The net loss for Q1 2025 was $69.3 million, compared to a net loss of $39.6 million in Q1 2024 [10][21]
Xenon Pharmaceuticals Looks Attractive Before Epilepsy Data
Seeking Alpha· 2025-04-04 20:23
Group 1 - Xenon Pharmaceuticals Inc. is conducting phase 3 clinical trials for its lead asset azetukalner (XEN1101), targeting focal onset seizures (FOS) and primary generalized tonic-clonic seizures (PGTCS) [1] - The company is also involved in a phase 3 trial named X-NOVA2 [1] Group 2 - The Total Pharma Tracker offers tools for DIY investors, including a software for entering tickers to access extensive curated research material [3] - In-house experts provide hands-on support to identify the best investable stocks, along with buy/sell strategies and alerts [3] - A free trial is available for investors to explore the tools and services offered by the company [3]