Praxis Precision Medicines Appoints Dr. Orrin Devinsky as Head of Clinical Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16 Jan 26
Source: Globenewswire
Praxis Precision Medicines Inc. shares rose 7.56% and reached a 52-week high amid positive market sentiment.
The company appointed Dr. Orrin Devinsky as the Head of Clinical Strategy, a move expected to accelerate the commercialization of its late-stage product portfolio. Devinsky's extensive experience in epilepsy and clinical neuroscience, including leading pivotal clinical trials, will enhance Praxis's strength in scientific research and clinical development. His strategic vision aims to guide innovations in epilepsy treatment, improving patient quality of life.
This leadership change positions Praxis to stand out in a competitive market, potentially driving future growth and innovation in the biopharmaceutical industry.
Analyst Views on PRAX
Wall Street analysts forecast PRAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRAX is 456.71 USD with a low forecast of 95.00 USD and a high forecast of 843.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
0 Hold
1 Sell
Strong Buy
Current: 309.920
Low
95.00
Averages
456.71
High
843.00
Current: 309.920
Low
95.00
Averages
456.71
High
843.00
About PRAX
Praxis Precision Medicines, Inc. is a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system disorders characterized by neuronal excitation-inhibition imbalance. The Company is applying genetic insights to the discovery and development of therapies for neurological disorders through two platforms, using its understanding of shared biological targets and circuits in the brain. Its platform includes Cerebrum, a small-molecule platform, which utilizes deep understanding of neuronal excitability and neuronal networks and applies a series of computational and experimental tools to develop orally available precision therapies, and Solidus, an antisense oligonucleotide platform, is an efficient, targeted precision medicine discovery and development engine anchored on a proprietary, computational methodology. The Company’s product candidates include ulixacaltamide, vormatrigine, relutrigine, PRAX-080, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
