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Praxis Precision Medicines Priced, Nasdaq: PRAX

Phase 2 biotech developing therapies for CNS disorders using genetic insights.

Industry: Health Care

Latest Trade: $17.11 0.00 (0.0%)

First Day Return: +46.3%

Return from IPO: -9.9%

Industry: Health Care

We are a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system, or CNS, disorders characterized by neuronal imbalance. Normal brain function requires a delicate balance of excitation and inhibition in neuronal circuits, which, when dysregulated, can lead to abnormal function and disease. We are applying insights into the genetic mutations that drive excitation-inhibition imbalance in diseases to select biological targets for severe pediatric epilepsies and more broadly for prevalent psychiatric diseases and neurologic disorders. We apply a deliberate and pragmatic precision approach, leveraging a suite of translational tools including novel transgenic and predictive translational animal models and electrophysiology markers, to enable an efficient path to proof-of-concept in patients. We have three product candidates currently in clinical development. We intend to develop differentiated therapies that can deliver long-term benefits to human health by meaningfully impacting patients and society. We expect multiple topline clinical trial readouts from our three clinical-stage product candidates prior to the end of 2021 and anticipate the launch of a new clinical development program in 2021.
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IPO News for Praxis Precision Medicines
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IPO Data
IPO File Date 09/25/2020
Offer Price $19.00
Price Range $17.00 - $18.00
Offer Shares (mm) 10.0
Deal Size ($mm) $190
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/15/2020
Offer Price $19.00
Price Range $17.00 - $18.00
Offer Shares (mm) 10.0
Deal Size ($mm) $190
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Cambridge, MA
Founded 2015
Employees 51
Website www.praxismedicines.com