- Praxis Precision Medicines Inc PRAX has reported results from its PRAX-114 Phase 2a Part B proof-of-concept trial for perimenopausal depression (PMD).
- PRAX-114 60 mg suspension formulation (n=6) for 14 days in an outpatient setting showed rapid and sustained improvements in menopausal and mood symptoms.
- Results trended toward baseline following discontinuation of PRAX-114, suggesting the need for continued treatment.
- PRAX-114 was well tolerated, with no change in the overall PRAX-114 safety profile.
- Treatment with PRAX-114 resulted in mean decreases from baseline at Day 15 of 60% in frequency of moderate-to-severe hot flashes and 68% in the total score of the Perimenopausal Depression Questionnaire.
- Treatment with PRAX-114 resulted in mean decreases from baseline at Day 15 of 47% in the HAM-D total score, 65% in the HAM-A total score, and 40% in the Symptoms of Depression Questionnaire.
- Praxis Precision plans to advance PRAX-114 to a Phase 2b study in women with menopausal and mood symptoms, with trial details to be disclosed by the end of 2021.
- PRAX-114 is an extrasynaptic GABAA receptor preferring positive allosteric modulator.
- Praxis ended Q2 with $339.2 million in cash, cash equivalents, and marketable securities.
- Price Action: PRAX shares are down 6.01% at $12.97 during the market session on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in