Praxis Precision Medicines Provides Corporate Update and Reports Second Quarter 2021 Financial Results
The second quarter marked another inflection point for Praxis as we make progress toward being a diversified, late-stage, CNS focused company, said Marcio Souza, president and chief executive officer of Praxis.
- The second quarter marked another inflection point for Praxis as we make progress toward being a diversified, late-stage, CNS focused company, said Marcio Souza, president and chief executive officer of Praxis.
- Praxis expects topline results from the ongoing PRAX-114 Phase 2/3 Aria Study for monotherapy treatment of MDD in the first half of 2022.
- Praxis plans to initiate a PRAX-114 Phase 2 placebo-controlled study for treatment of post-traumatic stress disorder (PTSD) in the second half of 2021.
- Second Quarter 2021 Financial Results:
As of June 30, 2021, Praxis had $339.2 million in cash, cash equivalents and marketable securities, compared to $296.6 million in cash and cash equivalents as of December 31, 2020.