Praxis Still Seen a Buy Despite Essential Tremor Bump -- Market Talk

Dow Jones

03/01

1153 ET - Praxis Precision Medicines is still a buy despite the late-stage study setback for ulixacaltamide in essential tremor, analysts at Truist say. In a research note, Truist says it still likes Praxis for vormatrigine in focal onset seizures and relutrigine in developmental and epileptic epilepsies, which the firm says puts a floor on the stock. Truist removes essential tremor from its Praxis valuation, which drops its price target on the stock to $85 from $175. Praxis down 40% to $39.26. (colin.kellaher@wsj.com)

(END) Dow Jones Newswires

February 28, 2025 11:53 ET (16:53 GMT)

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