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Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, engages in the development of therapies for central nervous system disorders characterized by neuronal excitation-inhibition imbalance. It is developing ulixacaltamide, a small molecule inhibitor of T-type calcium channels that is in Phase III clinical trial for the treatment of essential tremor; PRAX-562 for the treatment of pediatric patients with developmental and epileptic encephalopathies (DEE); and PRAX-628 to treat focal epilepsy. The company also develops PRAX-222 for the treatment of pediatric patients with early-onset SCN2A-DEE; PRAX-020 to treat KCNT1 related epilepsies; PRAX-080 for the treatment of PCDH19; and PRAX-090 and PRAX-100 for SYNGAP1 and SCN2A-LoF. It has a license agreement with RogCon Inc.; a research collaboration and license agreement with Ionis Pharmaceuticals, Inc.; a strategic collaboration and license agreement with UCB Biopharma SRL; and collaboration with The Florey Institute to develop three novel ASOs. The company was incorporated in 2015 and is based in Boston, Massachusetts.
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Praxis Precision Medicines is a clinical-stage biopharmaceutical company developing precision therapies for neuropsychiatric and neurological disorders, focusing on GABAergic and ion-channel targets to modulate neuronal excitability. Major long-term growth drivers include clinical trial progress of its pipeline, application of mechanism-based, genetically informed approaches, and potential partnerships or approvals that could expand indications; investors may find the company attractive for its targeted neuroscience platform addressing unmet CNS needs.
Principal investment risks include clinical and regulatory failure, significant funding requirements that could dilute equity, and intense competition in CNS therapeutics.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -214.03M | -167.06M | -61.83M | -35.60M | -26.40M |
| Net income | -213.07M | -166.88M | -61.82M | -35.51M | -26.54M |
| Selling general administrative | 59.95M | 47.08M | 16.99M | 6.23M | 3.90M |
| Reconciled depreciation | 0.42M | 0.18M | 0.05M | 0.04M | 0.00M |
| Ebit | -215.41M | -167.51M | -62.02M | -35.79M | -26.27M |
| Ebitda | -214.99M | -167.33M | -61.97M | -35.56M | -26.27M |
| Depreciation and amortization | 0.42M | 0.18M | 0.05M | 0.23M | 0.00M |
| Non operating income net other | 0.96M | 0.27M | 0.14M | - | - |
| Operating income | -214.99M | -167.33M | -61.97M | -35.79M | -22.72M |
| Other operating expenses | 214.99M | 167.33M | 61.97M | 35.79M | 22.72M |
| Interest expense | 0.42M | 0.18M | 0.19M | 0.00M | 0.13M |
| Tax provision | 0.00M | 0.00M | -0.01M | -0.08M | 0.13M |
| Interest income | - | - | 0.14M | 0.19M | 0.09M |
| Net interest income | - | - | 0.14M | 0.19M | -0.04M |
| Income tax expense | -0.96M | -0.18M | -0.01M | -0.08M | 0.13M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 214.99M | 167.33M | 61.97M | 35.79M | 22.72M |
| Total other income expense net | 0.96M | 0.27M | 0.14M | 0.19M | -3.65M |
| Net income from continuing ops | -214.03M | -167.06M | -61.82M | -35.51M | -26.54M |
| Net income applicable to common shares | -214.03M | -167.06M | -70.32M | -40.68M | -29.22M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 87.95M | 115.13M | 292.75M | 303.18M | 47.69M |
| Other current assets | 3.58M | 10.35M | 11.50M | 5.72M | 0.68M |
| Total liab | 18.28M | 39.02M | 41.94M | 15.72M | 7.58M |
| Total stockholder equity | 69.67M | 76.11M | 250.81M | 287.46M | 40.11M |
| Other current liab | 7.42M | 14.85M | 22.53M | 10.87M | 3.46M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.00M | 0.00M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.00M | 0.00M |
| Retained earnings | -653.92M | -530.64M | -316.62M | -149.55M | -81.01M |
| Other liab | - | 2.18M | - | - | - |
| Other assets | - | 0.42M | 0.47M | 0.77M | 0.62M |
| Cash | 81.30M | 61.62M | 138.70M | 296.61M | 44.81M |
| Total current liabilities | 15.75M | 35.52M | 37.62M | 15.72M | 6.82M |
| Current deferred revenue | 1.39M | 5.00M | - | - | - |
| Net debt | -78.81M | -57.11M | -134.39M | -295.85M | -43.36M |
| Short term debt | 1.13M | 1.00M | 4.31M | 0.76M | 0.70M |
| Short long term debt total | 2.50M | 4.50M | 4.31M | 0.76M | 1.46M |
| Other stockholder equity | 723.58M | 606.92M | 567.60M | 437.01M | -121.08M |
| Property plant equipment | - | 0.97M | 4.87M | 0.84M | 1.58M |
| Total current assets | 84.88M | 110.84M | 287.41M | 302.33M | 45.50M |
| Net tangible assets | - | 76.11M | 250.81M | 287.46M | -81.01M |
| Short term investments | 0.00M | 38.87M | 137.21M | - | - |
| Accounts payable | 5.82M | 14.67M | 10.78M | 4.09M | 2.67M |
| Accumulated other comprehensive income | - | -0.17M | -0.18M | -303.18M | -0.04M |
| Common stock total equity | - | 0.01M | 0.01M | 0.00M | 0.00M |
| Retained earnings total equity | - | -530.64M | -316.62M | -149.55M | - |
| Non currrent assets other | 0.42M | 0.42M | 0.47M | 0.01M | 0.62M |
| Non current assets total | 3.07M | 4.29M | 5.34M | 0.85M | 2.20M |
| Capital lease obligations | 2.50M | 3.50M | 4.31M | 0.76M | 1.46M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 97.33M | -139.47M | -139.47M | -0.10M | -0.06M |
| Change to liabilities | -6.57M | 7.27M | 0.96M | -0.84M | 1.67M |
| Total cashflows from investing activities | 96.89M | -140.52M | 0.00M | -0.10M | -0.06M |
| Net borrowings | - | - | - | - | 1.00M |
| Total cash from financing activities | 10.46M | 107.59M | 304.42M | 60.39M | 37.80M |
| Change to operating activities | -10.67M | 8.87M | 2.28M | 1.58M | -0.21M |
| Net income | -214.03M | -167.06M | -61.82M | -35.51M | -26.54M |
| Change in cash | -77.69M | -157.49M | 251.79M | 26.86M | 17.02M |
| Begin period cash flow | 139.72M | 297.21M | 45.41M | 18.55M | 1.53M |
| End period cash flow | 62.03M | 139.72M | 297.21M | 45.41M | 18.55M |
| Total cash from operating activities | -185.04M | -124.55M | -52.62M | -33.42M | -20.72M |
| Issuance of capital stock | 9.56M | 105.71M | 334.33M | 60.39M | 36.80M |
| Depreciation | 0.42M | 0.18M | 0.05M | 0.04M | 0.00M |
| Sale purchase of stock | 1.16M | 100.86M | -30.00M | - | - |
| Other cashflows from financing activities | 0.90M | 1.87M | 133.53M | -0.10M | 37.80M |
| Change to netincome | 28.65M | 26.19M | 5.91M | 1.31M | 4.35M |
| Capital expenditures | 0.44M | 1.05M | 0.00M | 0.10M | 0.06M |
| Cash flows other operating | 5.49M | -5.13M | -4.43M | - | - |
| Cash and cash equivalents changes | -77.69M | -157.49M | 251.80M | - | - |
| Change in working capital | -1.78M | 16.13M | 3.24M | 0.74M | 1.46M |
| Stock based compensation | 28.59M | 22.69M | 5.21M | 0.67M | 0.58M |
| Other non cash items | 1.75M | 1.41M | 0.70M | 0.64M | 0.13M |
| Free cash flow | -185.49M | -125.60M | -52.62M | -33.52M | -20.78M |
Sector: Healthcare Industry: Biotechnology
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PRAX Praxis Precision Medicines Inc |
8.62 2.55% |
346.21 | - | - | 385.19 | 13.53 | 352.99 | -6.86 |
| NVO Novo Nordisk A/S |
0.41 1.00% |
41.10 | 41.58 | 31.15 | 2.13 | 32.99 | 2.11 | 4.70 |
| VRTX Vertex Pharmaceuticals Inc |
-0.86 0.16% |
547.03 | 30.22 | 24.27 | 10.36 | 6.50 | 9.99 | 24.66 |
| REGN Regeneron Pharmaceuticals Inc |
43.35 4.73% |
959.41 | 29.07 | 20.12 | 7.57 | 3.82 | 6.95 | 19.42 |
| ARGNF argenx SE |
- -% |
900.30 | 45.77 | 31.25 | 13.84 | 7.12 | 11.38 | 36.06 |
Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, engages in the development of therapies for central nervous system disorders characterized by neuronal excitation-inhibition imbalance. It is developing ulixacaltamide, a small molecule inhibitor of T-type calcium channels that is in Phase III clinical trial for the treatment of essential tremor; PRAX-562 for the treatment of pediatric patients with developmental and epileptic encephalopathies (DEE); and PRAX-628 to treat focal epilepsy. The company also develops PRAX-222 for the treatment of pediatric patients with early-onset SCN2A-DEE; PRAX-020 to treat KCNT1 related epilepsies; PRAX-080 for the treatment of PCDH19; and PRAX-090 and PRAX-100 for SYNGAP1 and SCN2A-LoF. It has a license agreement with RogCon Inc.; a research collaboration and license agreement with Ionis Pharmaceuticals, Inc.; a strategic collaboration and license agreement with UCB Biopharma SRL; and collaboration with The Florey Institute to develop three novel ASOs. The company was incorporated in 2015 and is based in Boston, Massachusetts.
| Name | Title | Year Born |
|---|---|---|
| Mr. Marcio Souza M.B.A. | Pres, CEO & Director | 1980 |
| Ms. Nicole Sweeny | Chief Commercial Officer | 1975 |
| Dr. Steven Petrou B.Sc. (Hons.), Ph.D. | Co-Founder & Chief Scientific Officer | NA |
| Mr. Timothy Edwin Kelly | CFO & Treasurer | 1973 |
| Lauren Mastrocola | VP of Fin. & Principal Accounting Officer | NA |
| Dr. Karl Hansen Ph.D. | Chief Technical Operations Officer | NA |
| Alex Kane | VP of Investor Relations & Corp. Communications | NA |
| Mr. Alex Nemiroff J.D. | Gen. Counsel & Sec. | 1979 |
| Ms. Kelly McCue | Chief People Officer | NA |
| Ms. Alyssa J. S. Wyant | Chief Regulatory & Quality Officer | 1975 |
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