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ResolvedStocks

Praxis Precision Medicines Tumbles as Epilepsy Study Fails to Meet Goal

First Detected: Jun 1, 2026, 8:33 PM
Last Update: 3 months ago
5 articles·4 stories

Event Summary

The POWER1 study evaluating the efficacy of vormatrigine in patients with focal onset seizures failed to meet its primary success measure. As a result, Praxis has paused enrollment in the POWER2 study to reassess the vormatrigine program and determine potential modifications. However, higher doses (30 mg) showed a more pronounced reduction in seizures, and the drug was generally well-tolerated.

Timeline

FDA Rejects Cingulate ADHD Drug Over Manufacturing Concerns
Jun 2, 2026, 12:27 PMImpact: 7
US Court Invalidates Heron Therapeutics' CINVANTI Patents
Jun 2, 2026, 12:23 PMImpact: 7
Rallybio and Avenzo Therapeutics to Merge in $215M Oncology-Focused Deal
Jun 2, 2026, 3:57 AMImpact: 6
Crescita Therapeutics Shareholders to Receive $0.80 Per Share in ClinActiv Merger
Jun 2, 2026, 1:22 AMImpact: 4

Price Impact

Since event start
PRAX+38.51%