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-6.6006600660006E-05 0.00320132013201329 0.00257425742574267 -0.0066006600660066 -0.0066006600660066 -0.0066006600660066 -0.0066006600660066 -0.0066006600660066
Stock impact report

Why Praxis Precision Medicines Stock Popped Today [Yahoo! Finance]

Praxis Precision Medicines, Inc. (PRAX) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Praxis Precision Medicines › Shares of Praxis Precision Medicines (NASDAQ: PRAX) leaped on Monday after the clinical-stage biopharmaceutical company received a Breakthrough Therapy Designation (BTD) for its experimental tremor treatment. By the close of trading, Praxis' stock price was up more than 13%. Praxis specializes in using genetic insights to discover new therapies for neurological disorders. The biotech's efforts received a boost today when the U.S. Food and Drug Administration (FDA) granted a BTD for Praxis' ulixacaltamide treatment for patients with essential tremor. The designation was granted based on the encouraging results from two recent phase 3 studies. The BTD, which is intended to accelerate the development of drugs that could substantially improve the treatment of serious medical conditions, should help to hasten a regulatory review of ulixacaltamide. Praxis, in turn, plans to submit a New Drug Application for ulixacaltamide Show less Read more
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