Truist raised the firm’s price target on Praxis Precision (PRAX) to $500 from $360 and keeps a Buy rating on the shares. Vormatrigine reported 100% median seizure reduction at week 8, which was sustained through week 16 in full Phase 2 RADIANT study, and the results significantly de-risk forthcoming Phase 2/3 POWER1 in the first half of FY26, the analyst tells investors in a research note. Planned Relutrigine NDA submission, possibly as early as Q1, places the drug significantly ahead of bexicaserin in Developmental and Epileptic Encephalopathies, or DEE, the firm added.
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