Significant Revenue Growth
Axsome Therapeutics reported a year-over-year total revenue growth of 62% for the first quarter of 2025, with total product revenues reaching $121.5 million.
Successful Product Launch and FDA Approval
The FDA approved Symbravo, Axsome's second internally developed product, marking a significant achievement in expanding their product portfolio.
Strong Performance of Key Products
Auvelity achieved an 80% year-over-year growth in net product sales, reaching $96.2 million in the first quarter of 2025.
Pipeline Advancements
Axsome submitted an NDA for AXS-14 for fibromyalgia and plans to submit an sNDA for AXS-05 for Alzheimer's disease agitation in the third quarter of 2025.
Expansion in Clinical Programs
Announced positive top-line results from Phase III trials for Solriamfetol in ADHD and Symbravo in migraine, paving the way for further trials and potential market expansion.