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Praxis Precision Medicines, Inc.

corporate_fare Company Profile

Praxis Precision Medicines, Inc.

PRAX·NASDAQ·Life Sciences·CIK 0001689548

We are a fully integrated, leading central nervous system (CNS) precision neuroscience biopharmaceutical company. We translate insights from genetic epilepsies to develop therapies for CNS disorders marked by an imbalance in neuronal excitation and inhibition. Normal brain function relies on a delicate balance of excitation and inhibition in neuronal circuits, and dysregulation can lead to abnormal function and neurological disorders. We apply genetic insights to discover and develop therapies for neurological disorders using two proprietary platforms, based on our understanding of shared biological targets and circuits in the brain. Each platform currently has multiple programs with potential for expansion. Our Cerebrum™ platform, for small molecules, uses a deep understanding of neuronal excitability and networks, applying computational and experimental tools to develop orally available precision therapies. Our Solidus™ platform, for antisense oligonucleotides (ASO), is an efficient, targeted precision medicine discovery and development engine built on a proprietary computational methodology. Both platforms use a patient-guided approach, leveraging translational tools like novel transgenic and predictive translational animal models and electrophysiology markers, to achieve proof-of-concept in patients efficiently. This approach has resulted in a diversified, multimodal CNS portfolio with four clinical-stage product candidates for movement disorders and epilepsy. Cerebrum™ uses computational and experimental tools to discover and develop CNS small molecule therapies. Our ion channel discovery science team and collaborators create and execute novel screening cascades for selected genetic targets. Our multiscale disease models link genetic causes to network function to identify disease drivers. We use translational biomarkers like quantitative electroencephalography (qEEG) to guide dose selection. Genomics and informatics guide the precision application of our candidates to identify, stratify, and activate patients for trial recruitment and execution.

Praxis Precision Medicines, Inc. (NASDAQ:PRAX) is a publicly traded company in the Life Sciences sector. Wiseek monitors PRAX SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • Praxis Precision's Vormatrigine Fails Primary Endpoint in POWER1 Study, Future Trial Paused
  • Vormatrigine Fails Primary Endpoint in Phase 2/3 Epilepsy Study; Program Paused
  • Praxis Reports Q1 Net Loss of $92.6M, EPS $(3.20) Amidst Clinical Progress
  • Praxis Reports Strong Q1 with $621M Capital Raise & Key Clinical Milestones
  • FDA Accepts Praxis' Ulixacaltamide NDA for Essential Tremor, Sets January 2027 PDUFA Date

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$0
Net Income
-$303.27M
Diluted EPS
-$13.48
Op. Cash Flow
-$249.07M
Free Cash Flow
-$249.12M
Operating Income
-$326.2M
Cash & Equivalents
$357.33M
Debt / Equity
0.00×
Shares Outstanding
25.2M sh
Source: 10-K · filed 2026-02-19 · accession 0001689548-26-000029
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$266.58
52-week range · as of 2026-06-01 $36.3 – $366.52
Market cap
$7.43B
Volume
423.2K (0.9× avg)
3-mo avg 464.3K
Live data · 2026-06-14 06:07 UTC · Market closed

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feed PRAX - Latest Insights

PRAX
Jun 01, 2026, 4:33 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $335.16
Real-time Price: $266.58 info
Change: -$68.58 (-20%) info
Market Cap: $7.432B info
PRAX
Jun 01, 2026, 4:28 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $285.00
Real-time Price: $266.58 info
Change: -$18.42 (-6%) info
Market Cap: $7.432B info
PRAX
May 07, 2026, 9:11 AM EDT
Source: Wiseek News
Importance Score:
7
Price at Filing: $339.00
Real-time Price: $266.58 info
Change: -$72.42 (-21%) info
Market Cap: $7.432B info
PRAX
May 07, 2026, 9:06 AM EDT
Filing Type: 10-Q
Importance Score:
9
Price at Filing: $339.00
Real-time Price: $266.58 info
Change: -$72.42 (-21%) info
Market Cap: $7.432B info
PRAX
Apr 14, 2026, 7:30 AM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $350.00
Real-time Price: $266.58 info
Change: -$83.42 (-24%) info
Market Cap: $7.432B info
PRAX
Apr 06, 2026, 8:00 AM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $310.38
Real-time Price: $266.58 info
Change: -$43.80 (-14%) info
Market Cap: $7.432B info
PRAX
Mar 30, 2026, 4:01 PM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $279.00
Real-time Price: $266.58 info
Change: -$12.42 (-4%) info
Market Cap: $7.432B info
PRAX
Feb 19, 2026, 8:02 AM EST
Filing Type: 10-K
Importance Score:
8
Price at Filing: $328.93
Real-time Price: $266.58 info
Change: -$62.35 (-19%) info
Market Cap: $7.432B info
PRAX
Feb 19, 2026, 8:01 AM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $328.93
Real-time Price: $266.58 info
Change: -$62.35 (-19%) info
Market Cap: $7.432B info
PRAX
Jan 08, 2026, 4:49 PM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $295.10
Real-time Price: $266.58 info
Change: -$28.52 (-10%) info
Market Cap: $7.432B info
PRAX
Jan 07, 2026, 5:21 PM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $292.37
Real-time Price: $266.58 info
Change: -$25.79 (-9%) info
Market Cap: $7.432B info
PRAX
Jan 07, 2026, 5:19 PM EST
Filing Type: 424B5
Importance Score:
8
Price at Filing: $292.37
Real-time Price: $266.58 info
Change: -$25.79 (-9%) info
Market Cap: $7.432B info
PRAX
Jan 06, 2026, 4:24 PM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $283.15
Real-time Price: $266.58 info
Change: -$16.57 (-6%) info
Market Cap: $7.432B info