Axsome Therapeutics presents new data on AXS-12 and solriamfetol at SLEEP 2026 conference, focusing on narcolepsy treatments.
Quiver AI Summary
Axsome Therapeutics, Inc. has announced new data presentations on its products AXS-12 and solriamfetol at the SLEEP 2026 conference, which is taking place from June 14-17 in Baltimore, Maryland. The presentations include a Phase 3 trial regarding AXS-12's effects on cognitive and functional outcomes in narcolepsy with cataplexy, as well as a post-hoc analysis of solriamfetol for excessive daytime sleepiness in narcolepsy and obstructive sleep apnea. Axsome, which focuses on treating central nervous system disorders, offers several FDA-approved medications and aims to address significant neurological and psychiatric conditions impacting millions. The company also made forward-looking statements regarding potential future outcomes and the uncertainties surrounding their clinical trials and product developments.
Potential Positives
- Axsome Therapeutics presents new data at SLEEP 2026, showcasing their ongoing commitment to advancing treatment for central nervous system disorders.
- The presentations focus on significant research related to AXS-12 and solriamfetol, which strengthens the company's position in the competitive CNS market.
- Participation in a major conference highlights the company's leadership and innovation in sleep medicine, potentially attracting interest from investors and healthcare professionals.
- The presentations are led by esteemed experts in the field, enhancing the credibility of Axsome's research and development efforts.
Potential Negatives
- Press release heavily emphasizes forward-looking statements, indicating significant uncertainty about the future performance and success of the company’s products and clinical trials.
- The extensive list of risks and uncertainties associated with product approvals and commercial success suggests potential vulnerabilities in the company's market position.
- The company does not provide concrete results from recent studies, which may raise concerns regarding the effectiveness or competitiveness of their products.
FAQ
What is AXS-12 and its significance in narcolepsy treatment?
AXS-12 is a treatment for narcolepsy with cataplexy, showing promising outcomes in recent Phase 3 trials presented at SLEEP 2026.
When and where are Axsome's presentations at SLEEP 2026?
Axsome's presentations are on June 15-16, 2026, at the SLEEP 2026 meeting in Baltimore, Maryland.
Who are the lead authors presenting Axsome's research?
Bruce Corser, MD, Ellen Wertmer, FNP-BC, and Michael Thorpy, MD, are the lead authors presenting Axsome's research.
What are the focuses of the presentations at SLEEP 2026?
The presentations focus on AXS-12, solriamfetol, and quality of life in narcolepsy patients with residual cataplexy.
How does Axsome Therapeutics contribute to CNS disorders?
Axsome Therapeutics advances treatments for CNS disorders through innovative therapies addressing significant patient care gaps.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AXSM Insider Trading Activity
$AXSM insiders have traded $AXSM stock on the open market 23 times in the past 6 months. Of those trades, 0 have been purchases and 23 have been sales.
Here’s a breakdown of recent trading of $AXSM stock by insiders over the last 6 months:
- HERRIOT TABUTEAU (Chief Executive Officer) has made 0 purchases and 5 sales selling 221,494 shares for an estimated $41,867,880.
- NICK PIZZIE (Chief Financial Officer) has made 0 purchases and 2 sales selling 45,000 shares for an estimated $10,178,010.
- MARK COLEMAN has made 0 purchases and 5 sales selling 43,180 shares for an estimated $8,207,327.
- MARK L. JACOBSON (Chief Operating Officer) has made 0 purchases and 3 sales selling 40,128 shares for an estimated $6,809,761.
- MARK E SAAD has made 0 purchases and 2 sales selling 37,577 shares for an estimated $6,206,968.
- ARI MAIZEL (Chief Commercial Officer) has made 0 purchases and 2 sales selling 15,000 shares for an estimated $2,751,450.
- SUSAN MAHONY has made 0 purchases and 2 sales selling 600 shares for an estimated $145,017.
- ROGER JEFFS has made 0 purchases and 2 sales selling 572 shares for an estimated $141,655.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$AXSM Hedge Fund Activity
We have seen 209 institutional investors add shares of $AXSM stock to their portfolio, and 217 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MACQUARIE GROUP LTD removed 1,084,536 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $198,079,655
- RTW INVESTMENTS, LP removed 888,001 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $150,089,929
- FAIRMOUNT FUNDS MANAGEMENT LLC removed 815,176 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $148,883,744
- FIRST TRUST ADVISORS LP added 534,066 shares (+1230.2%) to their portfolio in Q1 2026, for an estimated $90,267,835
- ROCKEFELLER CAPITAL MANAGEMENT L.P. removed 414,419 shares (-99.1%) from their portfolio in Q1 2026, for an estimated $70,045,099
- POINT72 ASSET MANAGEMENT, L.P. added 406,751 shares (+2259.9%) to their portfolio in Q1 2026, for an estimated $68,749,054
- ASSENAGON ASSET MANAGEMENT S.A. added 397,976 shares (+85.0%) to their portfolio in Q1 2026, for an estimated $67,265,903
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$AXSM Analyst Ratings
Wall Street analysts have issued reports on $AXSM in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Leerink Partners issued a "Outperform" rating on 01/28/2026
- HC Wainwright & Co. issued a "Buy" rating on 01/20/2026
- UBS issued a "Buy" rating on 01/06/2026
- Needham issued a "Buy" rating on 12/31/2025
To track analyst ratings and price targets for $AXSM, check out Quiver Quantitative's $AXSM forecast page.
$AXSM Price Targets
Multiple analysts have issued price targets for $AXSM recently. We have seen 13 analysts offer price targets for $AXSM in the last 6 months, with a median target of $259.0.
Here are some recent targets:
- Ami Fadia from Needham set a target price of $267.0 on 05/05/2026
- Raghuram Selvaraju from HC Wainwright & Co. set a target price of $290.0 on 05/05/2026
- Benjamin Burnett from Wells Fargo set a target price of $255.0 on 05/05/2026
- Yatin Suneja from Guggenheim set a target price of $260.0 on 05/05/2026
- Graig Suvannavejh from Mizuho set a target price of $310.0 on 05/05/2026
- Sean Laaman from Morgan Stanley set a target price of $242.0 on 05/05/2026
- Leonid Timashev from RBC Capital set a target price of $302.0 on 05/05/2026
Full Release
NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) disorders, today announced presentations of new data on AXS-12 and solriamfetol at SLEEP 2026, the 40th annual meeting of the Associated Professional Sleep Societies (APSS), being held June 14-17, 2026, in Baltimore, Maryland.
Details of the presentations are as follows:
-
Title:
Cognitive and Functional Outcomes from the Phase 3 Open-Label Extension and Randomized-Withdrawal ENCORE Trial of AXS-12 in Narcolepsy with Cataplexy
Presentation Date and Time: Monday, June 15, 10:00 - 11:45 a.m. ET
Lead Author: Bruce Corser MD, FAASM, Medical Director of Intrepid Research, Cincinnati, OH
Poster Presentation Session: P-16
Poster Number: 375
-
Title:
Solriamfetol for Excessive Daytime Sleepiness in Narcolepsy and OSA: Post-hoc Multi-dimensional Composite Endpoint Analysis of Phase 3 Trials
Presentation Date and Time: Monday, June 15, 10:00 - 11:45 a.m. ET
Lead Author: Ellen Wertmer, FNP-BC, DBSM, FAASM, Founder of Restorative Sleep Medicine, Charlottesville, VA
Poster Presentation Session: P-16
Poster Number: 386
-
Title:
Symptom Burden and Quality of Life in Patients with Narcolepsy Who Experience Residual Cataplexy: Subgroup Analysis from the CRESCENDO Survey
Presentation Date and Time: Tuesday, June 16, 10:00 - 11:45 a.m. ET
Lead Author: Michael Thorpy, MD, Director of the Sleep-Wake Disorders Center at the Montefiore Medical Center and Professor of Neurology at Albert Einstein College of Medicine, New York, NY
Poster Presentation Session: P-34
Poster Number: 316
About Axsome Therapeutics
Axsome Therapeutics is a biopharmaceutical company leading a new era in the treatment of central nervous system (CNS) conditions. We deliver scientific breakthroughs by identifying critical gaps in care and develop differentiated products with a focus on novel mechanisms of action that enable meaningful advancements in patient outcomes. Our industry-leading neuroscience portfolio includes FDA-approved treatments for major depressive disorder, agitation associated with dementia due to Alzheimer’s disease, excessive daytime sleepiness associated with narcolepsy and obstructive sleep apnea, and migraine, as well as multiple novel product candidates addressing a broad range of serious neurological and psychiatric conditions that impact over 150 million people in the United States. Together, we are on a mission to solve some of the brain’s biggest problems so patients and their loved ones can flourish. For more information, please visit us at www.axsome.com and follow us on LinkedIn and X .
Forward Looking Statements
Certain matters discussed in this press release are “forward-looking statements”. The Company may, in some cases, use terms such as “predicts,” “believes,” “potential,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. In particular, the Company’s statements regarding trends and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the commercial success of the Company’s SUNOSI ® , AUVELITY ® , and SYMBRAVO ® products and the success of the Company’s efforts to obtain any additional indication(s) with respect to solriamfetol and/or AXS-05; the Company’s ability to maintain and expand payer coverage; the success, timing and cost of the Company’s ongoing clinical trials and anticipated clinical trials for the Company’s current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including the Company’s ability to fully fund the Company’s disclosed clinical trials, which assumes no material changes to the Company’s currently projected revenues or expenses), futility analyses and receipt of interim results, which are not necessarily indicative of the final results of the Company’s ongoing clinical trials, and/or data readouts, and the number or type of studies or nature of results necessary to support the filing of a new drug application (“NDA”) for any of the Company’s current product candidates; the Company’s ability to fund additional clinical trials to continue the advancement of the Company’s product candidates; the timing of and the Company’s ability to obtain and maintain U.S. Food and Drug Administration (“FDA”) or other regulatory authority approval of, or other action with respect to, the Company’s product candidates, including statements regarding the timing of any NDA submission; the Company’s ability to successfully defend its intellectual property or obtain the necessary licenses at a cost acceptable to the Company, if at all; the Company’s ability to successfully resolve any intellectual property litigation, and even if such disputes are settled, whether the applicable federal agencies will approve of such settlements; the successful implementation of the Company’s research and development programs and collaborations; the success of the Company’s license agreements; the acceptance by the market of the Company’s products and product candidates, if approved; the Company’s anticipated capital requirements, including the amount of capital required for the commercialization of SUNOSI, AUVELITY, and SYMBRAVO and for the Company’s commercial launch of its other product candidates, if approved, and the potential impact on the Company’s anticipated cash runway; the Company’s ability to convert sales to recognized revenue and maintain a favorable gross to net sales; unforeseen circumstances or other disruptions to normal business operations arising from or related to domestic political climate, geo-political conflicts or a global pandemic and other factors, including general economic conditions and regulatory developments, not within the Company’s control. The factors discussed herein could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Investors:
Ashley Dong
Senior Director, Investor Relations
(929) 687-1614
[email protected]
Media:
Darren Opland
Senior Director, Corporate Communications
(929) 837-1065
[email protected]