Praxis Precision Medicines plans to file an NDA for relutrigine, aiming to treat developmental and epileptic encephalopathies.
Quiver AI Summary
Praxis Precision Medicines, Inc. has announced the successful conclusion of discussions with the FDA, confirming its intention to file a New Drug Application for relutrigine in early 2026. CEO Marcio Souza expressed satisfaction with the collaborative engagement with the FDA, crucial for their path toward this submission. Relutrigine, a first-in-class small molecule designed to treat developmental and epileptic encephalopathies, has shown promising results in preclinical and clinical studies, including significant improvements in seizure control. The drug has received several designations from the FDA and European Medicines Agency, highlighting its potential in addressing severe genetic epilepsy disorders. Praxis continues to focus on developing therapies for central nervous system disorders using insights from genetic research.
Potential Positives
- Successful completion of discussions with the FDA confirming the path to file a New Drug Application (NDA) for relutrigine in early 2026.
- Relutrigine demonstrated statistically significant and clinically meaningful improvements in the EMBOLD study, indicating its potential as a treatment for children with developmental and epileptic encephalopathies.
- Relutrigine has received multiple designations from the FDA and EMA, including Orphan Drug Designation and Breakthrough Therapy Designation, highlighting its significance in treating rare pediatric diseases.
Potential Negatives
- Potential risks and uncertainties mentioned regarding the reliance on forward-looking statements, which could impact investor confidence.
- Mention of uncertainties inherent in clinical trials, which could lead to delays or failure in getting necessary regulatory approvals.
- Need for multiple regulatory approvals indicates the complexity of the path ahead, suggesting possible challenges in moving forward with relutrigine’s development.
FAQ
What is relutrigine?
Relutrigine is a first-in-class small molecule therapy developed for treating developmental and epileptic encephalopathies (DEEs).
When will Praxis submit the NDA for relutrigine?
Praxis plans to submit the New Drug Application (NDA) for relutrigine in early 2026.
What designations has relutrigine received from the FDA?
Relutrigine has received Orphan Drug Designation, Rare Pediatric Disease Designation, and Breakthrough Therapy Designation from the FDA.
What were the results of the EMBOLD study?
The EMBOLD study showed statistically significant improvements in motor seizures and a well-tolerated safety profile for relutrigine.
How does Praxis develop its therapies?
Praxis uses genetic insights to develop therapies for CNS disorders through its proprietary platforms, Cerebrum™ and Solidus™.
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.
$PRAX Insider Trading Activity
$PRAX insiders have traded $PRAX stock on the open market 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.
Here’s a breakdown of recent trading of $PRAX stock by insiders over the last 6 months:
- CAPITAL MANAGEMENT, L.P. ADAGE has made 0 purchases and 10 sales selling 313,910 shares for an estimated $33,198,123.
- ALEX NEMIROFF (General Counsel and Secretary) has made 0 purchases and 4 sales selling 25,130 shares for an estimated $4,852,255.
- LAUREN MASTROCOLA (Principal Accounting Officer) has made 0 purchases and 2 sales selling 13,600 shares for an estimated $2,612,243.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PRAX Hedge Fund Activity
We have seen 85 institutional investors add shares of $PRAX stock to their portfolio, and 91 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VR ADVISER, LLC removed 989,985 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $41,628,869
- CAPITAL RESEARCH GLOBAL INVESTORS removed 853,746 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $35,900,019
- PERCEPTIVE ADVISORS LLC added 811,633 shares (+107.8%) to their portfolio in Q3 2025, for an estimated $43,016,549
- CORMORANT ASSET MANAGEMENT, LP removed 625,000 shares (-38.5%) from their portfolio in Q3 2025, for an estimated $33,125,000
- MORGAN STANLEY removed 582,844 shares (-47.5%) from their portfolio in Q3 2025, for an estimated $30,890,732
- POINT72 ASSET MANAGEMENT, L.P. added 541,911 shares (+56.8%) to their portfolio in Q3 2025, for an estimated $28,721,283
- PRICE T ROWE ASSOCIATES INC /MD/ removed 469,585 shares (-31.9%) from their portfolio in Q3 2025, for an estimated $24,888,005
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PRAX Analyst Ratings
Wall Street analysts have issued reports on $PRAX in the last several months. We have seen 9 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Jefferies issued a "Buy" rating on 12/09/2025
- Guggenheim issued a "Buy" rating on 12/09/2025
- BTIG issued a "Buy" rating on 12/08/2025
- Wedbush issued a "Underperform" rating on 12/05/2025
- HC Wainwright & Co. issued a "Buy" rating on 12/05/2025
- Needham issued a "Buy" rating on 12/05/2025
- Chardan Capital issued a "Buy" rating on 10/17/2025
To track analyst ratings and price targets for $PRAX, check out Quiver Quantitative's $PRAX forecast page.
$PRAX Price Targets
Multiple analysts have issued price targets for $PRAX recently. We have seen 13 analysts offer price targets for $PRAX in the last 6 months, with a median target of $330.0.
Here are some recent targets:
- Yatin Suneja from Guggenheim set a target price of $760.0 on 12/09/2025
- Andrew Tsai from Jefferies set a target price of $450.0 on 12/09/2025
- Ritu Baral from TD Cowen set a target price of $353.0 on 12/08/2025
- Ami Fadia from Needham set a target price of $315.0 on 12/08/2025
- Kambiz Yazdi from BTIG set a target price of $507.0 on 12/08/2025
- Joon Lee from Truist Securities set a target price of $500.0 on 12/08/2025
- Douglas Tsao from HC Wainwright & Co. set a target price of $340.0 on 12/08/2025
Full Release
BOSTON, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Praxis Precision Medicines , Inc. (NASDAQ: PRAX), a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system (CNS) disorders characterized by neuronal excitation-inhibition imbalance, today announced the successful completion of the planned discussion with the FDA leading to the confirmation to file a New Drug Application (NDA) for relutrigine in early 2026.
“We are very pleased with the collaborative discussions we've had with the FDA, which support our path toward an NDA submission in early 2026,” said Marcio Souza, president and chief executive officer. “Building on the unprecedented and compelling results from the EMBOLD study, where relutrigine demonstrated statistically significant and clinically meaningful improvements, we are advancing toward delivering a much-needed therapy for children living with these devastating diseases.”
About Relutrigine (PRAX-562)
Relutrigine is a first-in-class small molecule in development for the treatment of developmental and epileptic encephalopathies (DEEs) as a preferential inhibitor of persistent sodium current, shown to be a key driver of seizure symptoms in severe DEEs. Relutrigine’s mechanism of precision sodium channel (NaV) modulation is consistent with superior selectivity for disease-state NaV channel hyperexcitability. In vivo studies of relutrigine have demonstrated dose-dependent inhibition of seizures up to complete control of seizure activity in SCN2A, SCN8A and other DEE mouse models. Relutrigine has been generally well-tolerated in three Phase 1 studies and has demonstrated biomarker changes indicative of NaV channel modulation. Data from the Phase 2 EMBOLD study demonstrated a well-tolerated safety profile with robust, short- and long-term improvement in motor seizures in a heavily pre-treated population, alongside maintained seizure freedom in some patients with SCN2A- and SCN8A-DEE. Relutrigine has received Orphan Drug Designation (ODD) and Rare Pediatric Disease Designation from the FDA for the treatment of SCN2A-DEE, SCN8A-DEE and Dravet syndrome; as well as Breakthrough Therapy Designation (BTD), and ODD from the European Medicines Agency for the treatment of SCN2A-DEE and SCN8A-DEE. To learn more about the EMERALD and EMBOLD studies, please visit
ResilienceStudies.com
.
About Praxis
Praxis Precision Medicines is a clinical-stage biopharmaceutical company translating insights from genetic epilepsies into the development of therapies for CNS disorders characterized by neuronal excitation-inhibition imbalance. Praxis is applying genetic insights to the discovery and development of therapies for rare and more prevalent neurological disorders through our proprietary small molecule platform, Cerebrum™, and antisense oligonucleotide (ASO) platform, Solidus™, using our understanding of shared biological targets and circuits in the brain. Praxis has established a diversified, multimodal CNS portfolio including multiple programs across movement disorders and epilepsy, with four clinical-stage product candidates. For more information, please visit
www.praxismedicines.com
and follow us on
Facebook
,
Instagram
,
LinkedIn
and
Twitter/X
.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 and other federal securities laws, including express or implied statements regarding Praxis’ future expectations, plans and prospects, including, without limitation, statements regarding the development of Praxis’ product candidates and the anticipated timing of regulatory submissions and interactions, as well as other statements containing the words “anticipate,” “believe,” “continue,” “could,” “endeavor,” “estimate,” “expect,” “anticipate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will” or “would” and similar expressions that constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995.
The express or implied forward-looking statements included in this press release are only predictions and are subject to a number of risks, uncertainties and assumptions, including, without limitation: uncertainties inherent in clinical trials; the expected timing of clinical trials, data readouts and the results thereof, and submissions for regulatory approval or review by governmental authorities; regulatory approvals to conduct trials; and other risks concerning Praxis’ programs and operations as described in its Annual Report on Form 10-K for the year ended December 31, 2024 and as updated in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, as well as other filings made with the Securities and Exchange Commission. Although Praxis’ forward-looking statements reflect the good faith judgment of its management, these statements are based only on information and factors currently known by Praxis. As a result, you are cautioned not to rely on these forward-looking statements. Any forward-looking statement made in this press release speaks only as of the date on which it is made. Praxis undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.