Company
Praxis Precision Medicines, Inc.
Headquarters: Cambridge, MA, United States
Employees: 139
CEO: Mr. Marcio Souza M.B.A.
Market Cap
$962.6 Million
USD as of July 1, 2025
Praxis Precision Medicines, Inc. Categories
United States Healthcare BiotechnologyUnited States Healthcare United States Biotechnology
Top Competitors by Market Capitalization
Industry: Biotechnology
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Sector:
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|---|---|
| Lilly | $699.59 B |
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| AbbVie | $336.94 B |
| Novo Nordisk | $309.91 B |
| UnitedHealth Group | $279.90 B |
Detailed Description
Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, develops therapies for central nervous system disorders characterized by neuronal imbalance. Its lead product candidates include PRAX-114, an extrasynaptic-preferring GABAA receptor positive allosteric modulator that is in Phase IIa clinical trial for the treatment of major depressive disorder and perimenopausal depression; and PRAX-944, a selective small molecule inhibitor of T-type calcium channels, which is in Phase IIa clinical trial for the treatment of essential tremor. The company is also developing PRAX-562, a persistent sodium current blocker that is in Phase I clinical trial to treat severe pediatric epilepsy and adult cephalgia; PRAX-222, an antisense oligonucleotide for patients with gain-of-function (GOF) SCN2A epilepsy; and KCNT1 program for the treatment of KCNT1 GOF epilepsy. It has a cooperation and license agreement with RogCon Inc.; a license agreement with Purdue Neuroscience Company; a research collaboration, option, and license agreement with Ionis Pharmaceuticals, Inc.; and collaboration with The Florey Institute to develop three novel ASOs. The company was incorporated in 2015 and is based in Boston, Massachusetts.
Financials
| Last Financial Reports Date | March 31, 2025 |
| Revenue TTM | $8.1 M |
| EBITDA | $-232,714,000 |
| Gross Profit TTM | $-178,112,992 |
| Profit Margin | 0.00% |
| Operating Margin | -2868.84% |
| Quarterly Revenue Growth | -100.00% |
Stocks & Indices
Praxis Precision Medicines, Inc. has the following listings and related stock indices.
Stock: NASDAQ: PRAX wb_incandescent