financetom
Business
financetom
/
Business
/
Why Praxis Precision Medicines Stock Is Trading Higher Tuesday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why Praxis Precision Medicines Stock Is Trading Higher Tuesday
Mar 26, 2024 10:12 AM

Praxis Precision Medicines Inc ( PRAX ) provided an update on its Phase 2a proof of concept study evaluating PRAX-628 in epilepsy patients with photo paroxysmal response (PPR), also known as photosensitivity. 

PPR studies measure electroencephalogram (EEG) signatures after intermittent photic stimulation and are used as an indicator of anti-seizure efficacy.

“The strength and consistency of response across both study arms, combined with a continued positive tolerability and safety profile, build on our earlier conviction that PRAX-628 has the potential to be the first precision sodium channel modulator for focal epilepsy patients. With such a clear response, we have advanced our planning of the focal epilepsy efficacy study for PRAX-628, expected to begin in the second half of 2024,” said Marcio Souza, president and chief executive officer of Praxis.

In the 15mg cohort, partial response was 20%, with complete response of 80%.

 In the 45mg, the complete response was 100%.

The Phase 2a study builds on results from animal studies and the Phase 1 dose escalation study in healthy volunteers.

PRAX-628 demonstrated preclinical efficacy in the maximal electroshock seizure (MES) model.

 PRAX-628 was generally well-tolerated at all tested doses in the Phase 1 study.

 Pharmacokinetic data from the Phase 1 study demonstrated dose-dependent exposure supporting once-daily dosing without titration to achieve potentially therapeutically effective drug concentration levels.

 Further analysis of patients in the Phase 1 study using quantitative EEG data showed a pharmacodynamic effect at all dose levels and was significantly different from placebo.

Also Read: Praxis Precision Medicines Says PRAX-628 Can Potentially Be The Best-In-Class Treatment For Focal Epilepsy

Price Action: PRAX shares are up 15.40% at $58.29 on the last check Tuesday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Health Care
Sector Update: Health Care
Mar 19, 2024
08:54 AM EDT, 03/19/2024 (MT Newswires) -- Health care stocks were steady premarket Tuesday as the iShares Biotechnology ETF (IBB) was inactive and the Health Care Select Sector SPDR Fund (XLV) was recently down a slight 0.1%. Fusion Pharmaceuticals ( FUSN ) was rallying past 98% after AstraZeneca ( AZN ) said it has agreed to acquire the company in...
Canada's K92 Mining halts some operations at Papua New Guinea mine after worker death
Canada's K92 Mining halts some operations at Papua New Guinea mine after worker death
Mar 19, 2024
March 19 (Reuters) - Canada's K92 Mining ( KNTNF ) said on Tuesday underground operations at the Kainantu Gold Mine in Papua New Guinea have been temporarily suspended after a non-industrial incident earlier this month led to the death of an employee. The Canadian miner, however, said processing operations, which had been suspended following the incident on March 10, have...
Fed Policy Meeting in Focus as Exchange-Traded Funds, Equity Futures Fall Pre-Bell Tuesday
Fed Policy Meeting in Focus as Exchange-Traded Funds, Equity Futures Fall Pre-Bell Tuesday
Mar 19, 2024
08:50 AM EDT, 03/19/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) fell 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.7% lower in Tuesday's premarket activity, as traders focused on the start of the Federal Open Market Committee's two-day meeting. US stock futures were also lower, with S&P 500 Index futures...
Harmony Biosciences Holdings Insider Sold Shares Worth $383,328, According to a Recent SEC Filing
Harmony Biosciences Holdings Insider Sold Shares Worth $383,328, According to a Recent SEC Filing
Mar 19, 2024
08:56 AM EDT, 03/19/2024 (MT Newswires) -- Jeffrey Dierks, CHIEF COMMERCIAL OFFICER, on March 15, 2024, sold 11,979 shares in Harmony Biosciences Holdings ( HRMY ) for $383,328. SEC Filing: https://www.sec.gov/Archives/edgar/data/1802665/000141588924008350/xslF345X03/form4-03182024_110312.xml Price: 32.31, Change: +0.72, Percent Change: +2.28 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved