Axsome Therapeutics presents new SYMBRAVO data at the AHS Annual Scientific Meeting focused on migraine treatment efficacy.
Quiver AI Summary
Axsome Therapeutics, Inc., a biopharmaceutical company focused on central nervous system disorders, announced new data presentations for its migraine treatment SYMBRAVO® at the American Headache Society's annual meeting in Orlando, FL, occurring from June 4-7, 2026. The presentations, scheduled for June 4, include various studies led by prominent neurologists examining the efficacy and safety of SYMBRAVO in treating acute migraine attacks. Specific topics include post-hoc analyses from trials, comparative efficacy against other migraine treatments, and sustained pain relief among responders. Axsome is committed to addressing significant gaps in CNS care and developing innovative treatments that improve patient outcomes in neurological and psychiatric conditions, impacting over 150 million people in the U.S.
Potential Positives
- Presentation of new data for SYMBRAVO® at a major scientific meeting highlights the company's commitment to advancing treatment options for migraine sufferers.
- Involvement of prominent experts and institutions in the presentations enhances credibility and visibility for Axsome Therapeutics and its products.
- The data presented may support the efficacy and safety profile of SYMBRAVO®, potentially leading to increased acceptance and market adoption among healthcare providers.
- Showcasing multiple analyses and studies at the same event underscores ongoing research efforts and positions Axsome as a leader in CNS disorder treatments.
Potential Negatives
- The reliance on forward-looking statements highlights significant uncertainty regarding the commercial success of the company's products, which could raise concerns among investors.
- The press release does not provide detailed results or compelling outcomes from the presentations, which may lead to skepticism about the efficacy and safety of SYMBRAVO.
- There is a potential risk concerning the company's ability to secure necessary funding for ongoing clinical trials, which could delay the development of current and future products.
FAQ
What new data about SYMBRAVO was presented at the AHS Annual Scientific Meeting?
New data on SYMBRAVO's efficacy and safety for treating migraines was presented, including analyses from the MOMENTUM and MOVEMENT trials.
Who led the SYMBRAVO presentations at the AHS meeting?
Key presentations were led by experts including Dr. Richard Lipton, Dr. Stephanis Nahas, and Dr. Chia-Chun Chiang.
When did the AHS 68th Annual Scientific Meeting take place?
The meeting occurred from June 4 to June 7, 2026, in Orlando, FL.
What is the mechanism of action for SYMBRAVO?
SYMBRAVO combines MoSEIC™ meloxicam and rizatriptan to provide effective acute treatment for migraines.
What conditions does Axsome Therapeutics focus on treating?
Axsome Therapeutics specializes in central nervous system disorders, including migraine, depression, and dementia-related agitation.
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 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 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 182,382 shares for an estimated $31,461,397.
- MARK COLEMAN has made 0 purchases and 4 sales selling 42,537 shares for an estimated $8,047,220.
- 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.
- NICK PIZZIE (Chief Financial Officer) sold 12,000 shares for an estimated $2,255,040
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$AXSM Hedge Fund Activity
We have seen 210 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 $68,749,054
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$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 04, 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 SYMBRAVO ® data at the Americal Headache Society (AHS) 68th Annual Scientific Meeting being held from June 4-7 in Orlando, FL.
Details of the presentations are as follows:
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Title:
SYMBRAVO (MoSEIC™ meloxicam and rizatriptan) for the Acute Treatment of Migraine: Post-hoc Composite Efficacy and Return to Function Endpoint Analysis from MOMENTUM
Presentation Date and Time: Thursday, June 4, 6:00 - 7:30 p.m. ET
Lead Author: Richard Lipton, MD, Professor of Neurology and Director of the Montefiore Headache Center, Albert Einstein College of Medicine, NY
Poster Number: T19
-
Title:
Comparative Efficacy of SYMBRAVO vs. Gepants for Acute Treatment of Migraine: A Network Meta-Analysis
Presentation Date and Time: Thursday, June 4, 6:00 - 7:30 p.m. ET
Lead Author: Stephanis Nahas, MD, MSEd, Professor of Neurology, Thomas Jefferson University, PA
Poster Number: T24
-
Title:
SYMBRAVO (MoSEIC meloxicam and rizatriptan) for the Treatment of Migraine: Sustained Pain Relief and Pain Freedom Among 2-Hour Responders in the Phase 3 MOMENTUM and MOVEMENT Trials
Presentation Date and Time: Thursday, June 4, 6:00 - 7:30 p.m. ET
Lead Author: Chia-Chun Chiang, MD, Assistant Professor of Neurology at the Mayo Clinic, Rochester, MN
Poster Number: T30
-
Title:
SYMBRAVO (MoSEIC meloxicam and rizatriptan) for the Acute Treatment of Migraine: Post-hoc Composite Efficacy and Safety Endpoint Analysis of INTERCEPT and MOMENTUM
Presentation Date and Time: Thursday, June 4, 6:00 - 7:30 p.m. ET
Lead Author: Fred Cohen, MD, Assistance Clinical Professor of Neurology, Icahn School of Medicine, Mount Sinai, NY
Poster Number: T33
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]