PRAX · CIK 0001689548 · operating
Praxis Precision Medicines develops small molecule and antisense oligonucleotide therapies targeting central nervous system disorders characterized by neuronal excitation-inhibition imbalance. The company operates two primary platforms: Cerebrum, which focuses on orally available small molecule precision therapies, and Solidus, dedicated to antisense oligonucleotide discovery and development. Its pipeline includes multiple candidates in late-stage development addressing rare genetic epilepsies and neurological conditions caused by ion channel dysfunction.
The company's most advanced programs include ulixacaltamide, a T-type calcium channel inhibitor in New Drug Application review for essential tremor, and relutrigine, targeting SCN2A- and SCN8A-related developmental and epileptic encephalopathies, also under NDA review while progressing through Phase 3 trials for broader epilepsy indications. Additional clinical candidates include vormatrigine for focal epilepsy and Elsunersen, an antisense oligonucleotide for SCN2A developmental and epileptic encephalopathy. The company maintains early-stage programs addressing KCNT1, PCDH19, SYNGAP1, and SCN2A loss-of-function mutations. Praxis has research and licensing collaborations with Ionis Pharmaceuticals and RogCon Inc.
Based in Boston, Massachusetts, the company operates with 168 full-time employees and was incorporated in Delaware in 2015, having previously operated as EpiPM Therapeutics before adopting its current name in 2016. As a clinical-stage biopharmaceutical company, Praxis does not generate material product revenues.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2025 | $-13.48 | $-13.48 | -32.0% | |
| 2024 | $-10.21 | $-10.21 | +45.4% | |
| 2023 | $-18.69 | $-18.69 | -302.8% | |
| 2022 | $-4.64 | $-4.64 | -17.8% | |
| 2021 | $-3.94 | $-3.94 | — | |
| 2020 | — | — | — |
| Report Date | Filed | Accession Number | |
|---|---|---|---|
| 2025-12-31 | 2026-02-19 | 0001689548-26-000029 | SEC ↗ |
| 2024-12-31 | 2025-02-28 | 0001689548-25-000040 | SEC ↗ |
| 2023-12-31 | 2024-03-05 | 0001689548-24-000034 | SEC ↗ |
| 2022-12-31 | 2023-02-07 | 0001689548-23-000044 | SEC ↗ |
| 2021-12-31 | 2022-02-28 | 0001689548-22-000014 | SEC ↗ |
| 2020-12-31 | 2021-03-17 | 0001689548-21-000016 | SEC ↗ |