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PaxMedica Filed Terms, Nasdaq: PXMD

Phase 2 biotech developing therapies for neurodevelopmental disorders.

Industry: Health Care

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Industry: Health Care

We are an early clinical stage biopharmaceutical company focusing on the development of anti-purinergic therapies (or APT), for the treatment of neurodevelopmental disorders, including autism spectrum disorder (or ASD), and Fragile X syndrome tremor-ataxia (or FXTAS). Antipurinergic therapies target the excess production of purines in cells, which can offset homeostasis and result in an overproduction of cellular adenosine triphosphate (or ATP), the main energy molecule in all living cells. Our primary focus is currently on the development and testing of our lead program, PAX-101, an intravenous formulation of suramin, in the treatment of ASD and FXTAS. We are also focused on the treatment of Human African Trypanosomiasis (or HAT), where we are seeking to leverage suramin’s historical use in this indication, and data that we have exclusively licensed directly from certain academic or international government institutions to potentially accelerate PAX-101’s development in the U.S.
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IPO News for PaxMedica
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IPO Data
IPO File Date 07/02/2020
Offer Price
Price Range $5.50 - $6.50
Offer Shares (mm) 2.5
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $5.50 - $6.50
Offer Shares (mm) 2.5
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Woodcliff Lake, NJ
Founded 2018
Employees 4
Website www.paxmedica.com