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Shares of Praxis Precision Medicines soar 1,000% on key clinical wins for CNS drugs ulixacaltamide and relutrigine.

Analyst Insights
12 Sep 2026
Seeking Alpha
View Source
Bullish
Shares of Praxis Precision Medicines soar 1,000% on key clinical wins for CNS drugs ulixacaltamide and relutrigine.

Praxis Precision Medicines' stock has surged over 1,000% since April 2025, driven by positive clinical results for its CNS drug candidates ulixacaltamide and relutrigine, both expected to reach FDA review in 2026–2027. These drugs target large, underserved central nervous system markets with a combined peak sales potential exceeding $15 billion. The company holds $1.4 billion in cash, supporting its commercial expansion and reducing near-term financial risks. Despite the rapid share price increase, analysts see further upside potential, recommending cautious investment strategies such as covered calls.

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