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Praxis Precision Medicines Inc (NASDAQ:PRAX)
46.81 USD
+0.960 2.094%Sponsored Reports
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| Previous Close (in USD) | 45.85 |
|---|---|
| Change | +0.960 2.094% |
| 52 W H/L (in USD) | 67.210/12.450 |
| EBITDA (in USD) | -129.73M |
| PE Ratio | -- |
| Volume | 73872 |
| Diluted Eps TTM | -11.27 |
| Total Assets (in USD) | 87.948M |
|---|---|
| Total Liabilities (in USD) | 18.279M |
| Revenue TTM (in USD) | 2.195M |
| Cash (in USD) | 81.3M |
| Market Cap (in USD) | 773.448 M |
| Revenue Per Share TTM | 0.239 |
| Gross Profit TTM (in USD) | -- |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Praxis Precision Medicines Inc
Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, engages in the development of therapies for central nervous system disorders characterized by neuronal excitation-inhibition imbalance. It is developing ulixacaltamide, a small molecule inhibitor of T-type calcium channels that is in Phase III clinical trial for the treatment of essential tremor; PRAX-562 for the treatment of pediatric patients with developmental and epileptic encephalopathies (DEE); and PRAX-628 to treat focal epilepsy. The company also develops PRAX-222 for the treatment of pediatric patients with early-onset SCN2A-DEE; PRAX-020 to treat KCNT1 related epilepsies; PRAX-080 for the treatment of PCDH19; and PRAX-090 and PRAX-100 for SYNGAP1 and SCN2A-LoF. It has a license agreement with RogCon Inc.; a research collaboration and license agreement with Ionis Pharmaceuticals, Inc.; a strategic collaboration and license agreement with UCB Biopharma SRL; and collaboration with The Florey Institute to develop three novel ASOs. The company was incorporated in 2015 and is based in Boston, Massachusetts.
Employees: 82
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Marcio Souza M.B.A. | Pres, CEO & Director | 1980 |
| 2. | Ms. Nicole Sweeny | Chief Commercial Officer | 1975 |
| 3. | Dr. Steven Petrou B.Sc. (Hons.), Ph.D. | Co-Founder & Chief Scientific Officer | NA |
| 4. | Mr. Timothy Edwin Kelly | CFO & Treasurer | 1973 |
| 5. | Lauren Mastrocola | VP of Fin. & Principal Accounting Officer | NA |
| 6. | Dr. Karl Hansen Ph.D. | Chief Technical Operations Officer | NA |
| 7. | Alex Kane | VP of Investor Relations & Corp. Communications | NA |
| 8. | Mr. Alex Nemiroff J.D. | Gen. Counsel & Sec. | 1979 |
| 9. | Ms. Kelly McCue | Chief People Officer | NA |
| 10. | Ms. Alyssa J. S. Wyant | Chief Regulatory & Quality Officer | 1975 |
Peers
Sector: Healthcare
Industry: Biotechnology
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
NVO
Novo Nordisk A/S |
-0.040 0.050% | 79.08 | 41.580 | 31.153 | 2.134 | 32.989 | 2.113 | 4.700 |
|
NONOF
Novo Nordisk A/S |
+4.850 6.454% | 79.1 | 41.060 | 31.250 | 2.078 | 33.111 | 2.113 | 4.700 |
|
VRTX
Vertex Pharmaceuticals Inc |
+7.700 1.705% | 451.3 | 29.670 | 24.331 | 10.385 | 5.832 | 9.334 | 20.004 |
|
REGN
Regeneron Pharmaceuticals Inc |
-0.330 0.063% | 525.77 | 29.070 | 20.121 | 7.570 | 3.823 | 6.950 | 19.423 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | -214.029M | -167.061M | -61.828M | -35.596M | -26.402M |
| Minority Interest | - | - | - | - | - |
| Net Income | -213.072M | -166.879M | -61.82M | -35.512M | -26.535M |
| Selling General Administrative | 59.946M | 47.075M | 16.992M | 6.232M | 3.899M |
| Gross Profit | - | - | - | - | - |
| Reconciled Depreciation | 0.419M | 0.182M | 0.05M | 0.037M | 0.001M |
| Ebit | -215.405M | -167.514M | -62.018M | -35.789M | -26.275M |
| Ebitda | -214.986M | -167.332M | -61.968M | -35.559M | -26.274M |
| Depreciation And Amortization | 0.419M | 0.182M | 0.05M | 0.23M | 0.001M |
| Operating Income | -214.986M | -167.332M | -61.968M | -35.789M | -22.719M |
| Other Operating Expenses | 214.986M | 167.332M | 61.968M | 35.789M | 22.719M |
| Interest Expense | 0.419M | 0.182M | 0.19M | 0M | 0.127M |
| Tax Provision | 0M | 0M | -0.008M | -0.084M | 0.133M |
| Interest Income | - | - | 0.14M | 0.193M | 0.092M |
| Net Interest Income | - | - | 0.14M | 0.193M | -0.035M |
| Income Tax Expense | -0.957M | -0.182M | -0.008M | -0.084M | 0.133M |
| Total Revenue | 0M | 0M | 0M | 0M | 0M |
| Total Operating Expenses | 214.986M | 167.332M | 61.968M | 35.789M | 22.719M |
| Cost Of Revenue | - | - | - | - | - |
| Total Other Income Expense Net | 0.957M | 0.271M | 0.14M | 0.193M | -3.648M |
| Net Income From Continuing Ops | -214.029M | -167.061M | -61.82M | -35.512M | -26.535M |
| Net Income Applicable To Common Shares | -214.029M | -167.061M | -70.323M | -40.682M | -29.223M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Total Assets | 87.948M | 115.128M | 292.747M | 303.177M | 47.694M |
| Intangible Assets | - | - | - | - | - |
| Other Current Assets | 3.58M | 10.351M | 11.498M | 5.718M | 0.681M |
| Total Liab | 18.279M | 39.022M | 41.935M | 15.72M | 7.581M |
| Total Stockholder Equity | 69.669M | 76.106M | 250.812M | 287.457M | 40.113M |
| Other Current Liab | 7.416M | 14.845M | 22.533M | 10.869M | 3.455M |
| Common Stock | 0.013M | 0.005M | 0.005M | 0.004M | 0.001M |
| Capital Stock | 0.013M | 0.005M | 0.005M | 0.004M | 0.001M |
| Retained Earnings | -653.921M | -530.644M | -316.615M | -149.554M | -81.009M |
| Good Will | - | - | - | - | - |
| Other Assets | - | 0.416M | 0.472M | 0.769M | 0.62M |
| Cash | 81.3M | 61.615M | 138.704M | 296.608M | 44.815M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 15.749M | 35.522M | 37.624M | 15.72M | 6.818M |
| Current Deferred Revenue | 1.392M | 5M | - | - | - |
| Net Debt | -78.805M | -57.11M | -134.393M | -295.845M | -43.356M |
| Short Term Debt | 1.126M | 1.005M | 4.311M | 0.763M | 0.696M |
| Short Long Term Debt | - | - | - | - | - |
| Short Long Term Debt Total | 2.495M | 4.505M | 4.311M | 0.763M | 1.459M |
| Other Stockholder Equity | 723.577M | 606.918M | 567.598M | 437.007M | -121.083M |
| Property Plant Equipment | - | 0.971M | 4.866M | 0.836M | 1.578M |
| Total Current Assets | 84.88M | 110.84M | 287.409M | 302.326M | 45.496M |
| Long Term Investments | - | - | - | - | - |
| Short Term Investments | 0M | 38.874M | 137.207M | - | - |
| Net Receivables | - | - | - | - | - |
| Long Term Debt | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Accounts Payable | 5.815M | 14.672M | 10.78M | 4.088M | 2.667M |
| Accumulated Other Comprehensive Income | - | -0.173M | -0.176M | -303.177M | -0.038M |
| Non Currrent Assets Other | 0.416M | 0.416M | 0.472M | 0.015M | 0.62M |
| Non Current Assets Total | 3.068M | 4.288M | 5.338M | 0.851M | 2.198M |
| Capital Lease Obligations | 2.495M | 3.5M | 4.311M | 0.763M | 1.459M |
| Long Term Debt Total | - | - | - | - | - |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | 97.333M | -139.47M | -139.47M | -0.103M | -0.063M |
| Total Cashflows From Investing Activities | 96.889M | -140.52M | 0.004M | -0.103M | -0.063M |
| Total Cash From Financing Activities | 10.465M | 107.586M | 304.416M | 60.388M | 37.804M |
| Net Income | -214.029M | -167.061M | -61.82M | -35.512M | -26.535M |
| Change In Cash | -77.689M | -157.488M | 251.793M | 26.865M | 17.02M |
| Begin Period Cash Flow | 139.72M | 297.208M | 45.415M | 18.55M | 1.53M |
| End Period Cash Flow | 62.031M | 139.72M | 297.208M | 45.415M | 18.55M |
| Total Cash From Operating Activities | -185.043M | -124.554M | -52.623M | -33.42M | -20.721M |
| Depreciation | 0.419M | 0.182M | 0.05M | 0.037M | 0.001M |
| Other Cashflows From Investing Activities | - | - | - | - | - |
| Dividends Paid | - | - | - | - | - |
| Change To Inventory | - | - | - | - | - |
| Sale Purchase Of Stock | 1.164M | 100.86M | -30M | - | - |
| Other Cashflows From Financing Activities | 0.904M | 1.872M | 133.53M | -0.103M | 37.804M |
| Capital Expenditures | 0.444M | 1.05M | 0.004M | 0.103M | 0.063M |
| Change In Working Capital | -1.781M | 16.133M | 3.24M | 0.745M | 1.459M |
| Other Non Cash Items | 1.755M | 1.412M | 0.696M | 0.642M | 0.127M |
| Free Cash Flow | -185.487M | -125.604M | -52.619M | -33.523M | -20.784M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Vanguard Total Stock Mkt Idx Inv | 1 year ago | 520522 |
| 2. | BlackRock Extended Mkt Composite | 1 year ago | 303703 |
| 3. | Vanguard Institutional Extnd Mkt Idx Tr | 1 year ago | 237861 |
| 4. | Biotech Growth Ord | 1 year ago | 190100 |
| 5. | Renaissance Global Health Care | 1 year ago | 173868 |
| 6. | T. Rowe Price New Horizons | 1 year ago | 133805 |
| 7. | US Small-Cap Growth II Equity Comp | 1 year ago | 133805 |
| 8. | Franklin Biotechnology Discv A(acc)USD | 1 year ago | 94885 |
| 9. | Fidelity Extended Market Index | 1 year ago | 72297 |
| 10. | Invesco Dorsey Wright SmallCap Momt ETF | 1 year ago | 71412 |
| 11. | Franklin Biotechnology Discovery A | 1 year ago | 50404 |
| 12. | Heptagon Driehaus US Micro Cap Eq C$ Acc | 1 year ago | 47293 |
| 13. | BlackRock Extended Equity Market K | 1 year ago | 27220 |
| 14. | iShares Micro-Cap ETF | 1 year ago | 27070 |
| 15. | T. Rowe Price New Horizons Tr-Z | 1 year ago | 25683 |
| 16. | Invesco Dorsey Wright Healthcare MomtETF | 1 year ago | 25144 |
| 17. | Fidelity Total Market Index | 1 year ago | 23497 |
| 18. | Driehaus Micro Cap Growth USD | 1 year ago | 21639 |
| 19. | Bridgeway Ultra-Small Company Market | 1 year ago | 20373 |
| 20. | Fidelity Series Total Market Index | 1 year ago | 17949 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Adage Capital Partners Gp LLC | 1 year ago | 1393028 |
| 2. | Cormorant Asset Management, LLC | 1 year ago | 1310000 |
| 3. | Perceptive Advisors LLC | 1 year ago | 821589 |
| 4. | Vanguard Group Inc | 1 year ago | 744069 |
| 5. | Verition Fund Managegment, LLC | 1 year ago | 545408 |
| 6. | T. Rowe Price Associates, Inc. | 1 year ago | 535999 |
| 7. | Partner Fund Management LP | 1 year ago | 477605 |
| 8. | Orbimed Advisors, LLC | 1 year ago | 460512 |
| 9. | Velan Capital Investment Management LP | 1 year ago | 350666 |
| 10. | Kingdon Capital Management LLC | 1 year ago | 350000 |
| 11. | 5AM Venture Management, LLC | 1 year ago | 340000 |
| 12. | HHG PLC | 1 year ago | 310059 |
| 13. | Bank of America Corp | 1 year ago | 278862 |
| 14. | Driehaus Capital Management LLC | 1 year ago | 266496 |
| 15. | Octagon Capital Advisors LP | 1 year ago | 260000 |
| 16. | Tri Locum Partners LP | 1 year ago | 248761 |
| 17. | LAURION CAPITAL MANAGEMENT LP | 1 year ago | 225000 |
| 18. | Vestal Point Capital LP | 1 year ago | 210000 |
| 19. | CIBC Global Asset Management Inc | 1 year ago | 192304 |
| 20. | SILVERARC CAPITAL MANAGEMENT, LLC | 1 year ago | 190556 |
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