Axsome Therapeutics Stock Is Surging: Here's Why

Axsome Therapeutics Inc AXSM shares are trading higher Tuesday after the company announced it received and agreed to Postmarketing Requirements/Commitments proposed by the U.S. Food and Drug Administration with respect to the New Drug Application (NDA) for its AXS-05.

AXS-05 is Axsome's product candidate for the treatment of major depressive disorder. The company anticipates potential FDA action on the NDA sometime in the second quarter. 

Axsome Therapeutics is a biopharmaceutical company developing novel therapies for central nervous system conditions that have limited treatment options. 

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AXSM 52-Week Range: $19.38 - $74.10

According to data from Benzinga Pro, the stock was up 24.7% at $40.78. 

Photo: jarmoluk from Pixabay.