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Praxis Precision Medicines to Present Analyses of Patient-Focused, Clinically Meaningful Endpoints from Essential1 Study of Ulixacaltamide in Essential Tremor at the 2023 MDS International Congress

Key Takeaway: Praxis Precision Medicines has announced its intention to present analyses of patient-focused, clinically meaningful endpoints from its Essential1 study of ulixacaltamide for Essential Tremor at the upcoming MDS International Congress in Copenhagen. CEO Marcio Souza emphasized the significance of their findings, which define a clinically meaningful change for adults with Essential Tremor. The study highlights modified Activities of Daily Living 11 as a key measure of ulixacaltamide's efficacy and durability of effect. This approach aligns with recent FDA guidance on clinical outcome assessments.
Price reaction · baseline $22.5 (2023-08-25 close) · 1 other PRAX headline(s) in the window, move may be shared
day 0 close · peak
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Market Sentiment Analysis

POSITIVE FACTORS

  • Presentation highlights patient-focused clinical endpoints from the Essential1 study.
  • Findings define what clinically meaningful change means for adults with Essential Tremor.
  • Praxis is applying FDA guidance for patient-focused clinical outcome assessments.
  • Modified Activities of Daily Living 11 identified as a reliable endpoint for measuring efficacy.

BiopharmaWatch Analysis

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Best trade, last catalyst
+61%
120-day peak, hindsight
Typical move
23.7%
average across 12 past catalysts
Cash runway
~53 mo
Minimal dilution risk
Lead asset
vormatrogine
Phase 3 · Epilepsy, Tonic-Clonic

Full Press Release Details

BOSTON, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Praxis Precision Medicines, Inc. (NASDAQ: PRAX), a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system (CNS) disorders characterized by neuronal excitation-inhibition imbalance, today announced that it will be presenting analyses highlighting patient-focused endpoints from its Essential1 study of ulixacaltamide (PRAX-944) in essential tremor (ET) at The International Parkinson and Movement Disorder Society’s (MDS) International Congress of Parkinson's Disease and Movement Disorders®, taking place in Copenhagen, Denmark.
“Recent FDA guidance highlights the importance of patient-focused clinical outcome assessments related to treatment effect. Using data from Essential1, we define for the first time what clinically meaningful change is for adults with ET, with our results showing sustained improvement in patients’ daily functioning,” said Marcio Souza, president and chief executive officer of Praxis. “The design of our upcoming Phase 3 program for ulixacaltamide applies these insights. We look forward to presenting our analyses highlighting modified Activities of Daily Living 11 as a reliable endpoint to measure the potential efficacy and durability of ulixacaltamide at this year’s MDS Congress.”
Presentation Details:
Patient-Focused, Clinically Meaningful Endpoints as Evidence of Improved Outcomes and Durability of Effect Following Ulixacaltamide Treatment in Adults with Essential Tremor: Findings from Essential1
Viewing Dates/Times: Monday, August 28 – Wednesday, August 30 1:00 p.m. – 3:00 p.m. CEDT
Summary: While the concept of clinically meaningful change has been extensively studied in other movement disorders and neurological conditions, this has not been evaluated in ET. This study represents the first time a Meaningful Score Difference has been defined in ET using a large patient dataset and a focus on measures determined to be most meaningful to patients. In this poster presentation, Praxis will highlight modified Activities of Daily Living 11 (mADL11) as a reliable, patient-focused clinical outcome assessment for measuring ulixacaltamide efficacy and durability of effect, with important decision-making implications for ET therapies.
About Ulixacaltamide
Ulixacaltamide is a differentiated and highly selective small molecule inhibitor of T-type calcium channels designed to block abnormal neuronal burst firing in the Cerebello-Thalamo-Cortical (CTC) circuit correlated with tremor activity. Ulixacaltamide, the most advanced program within Praxis’ Cerebrum™ small molecule platform, is currently in development for the treatment of essential tremor.
About Essential Tremor
Essential Tremor (ET) is the most common movement disorder, affecting roughly seven million people in the United States alone, including approximately two million diagnosed patients. ET is characterized by involuntary rhythmic movement in the upper limbs, with or without tremor in other body locations such as the head, vocal cords or legs. These tremors significantly disrupt daily living and are progressive in nature, with increases in tremor severity and amplitude commonly observed over the course of the disease. Other beta blockers and anti-convulsants are used off-label, though they are characterized by limited efficacy and tolerability. For these reasons, approximately 40% of patients who seek pharmacotherapy treatment for ET discontinue within two years.
Praxis Precision Medicines

Frequently Asked Questions

What is ulixacaltamide used to treat?

Ulixacaltamide is developed for treating essential tremor (ET), a common movement disorder.

What are the key findings of the Essential1 study?

The Essential1 study highlighted meaningful patient-focused endpoints showing sustained improvement in daily functioning for ET patients.

Where was the ulixacaltamide presentation held?

The presentation took place at the MDS International Congress in Copenhagen, Denmark.

How prevalent is essential tremor in the U.S.?

Essential tremor affects about seven million people in the U.S., including two million diagnosed patients.

What is modified Activities of Daily Living 11?

It is a reliable clinical outcome assessment for measuring ulixacaltamide's efficacy in ET.

Last updated: Aug 28, 2023