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Axsome Therapeutics, Inc - AXSM STOCK NEWS

Welcome to our dedicated page for Axsome Therapeutics news (Ticker: AXSM), a resource for investors and traders seeking the latest updates and insights on Axsome Therapeutics stock.

Axsome Therapeutics, Inc. (NASDAQ: AXSM) is a leading biopharmaceutical company dedicated to developing innovative therapies for the treatment of central nervous system (CNS) disorders. Headquartered in New York City, Axsome's mission is to address unmet medical needs and improve the lives of patients suffering from CNS conditions.

The company's portfolio includes a mix of clinical-stage and research-stage product candidates, with a primary focus on CNS disorders such as depression, migraine, narcolepsy, and Alzheimer's disease. Axsome's pipeline features notable candidates like AXS-05 for major depressive disorder, AXS-07 for migraine, AXS-12 for narcolepsy, and AXS-14 for fibromyalgia. These therapies are being developed to provide novel treatment options where current solutions are limited or inadequate.

Axsome manages its business as a single operating segment, emphasizing the development and delivery of groundbreaking CNS therapies. The company has made significant strides in advancing its clinical programs, with several candidates progressing through various stages of clinical trials. Recent achievements include positive data readouts from clinical studies and successful end-of-phase meetings with regulatory bodies, positioning Axsome closer to potential market approvals.

Financially, Axsome maintains a solid foundation through strategic collaborations, public offerings, and partnerships. These financial maneuvers have enabled sustained investment in research and development, essential for driving innovation and bringing new therapies to market.

Axsome's commitment to transforming the treatment landscape for CNS disorders is underscored by its active engagement with the medical community, participation in scientific conferences, and continuous updates to investors and stakeholders. The company’s proactive communication strategy ensures transparency and keeps all interested parties informed about ongoing developments.

For the latest updates, investors and media can reach out to Mark Jacobson, Chief Operating Officer, or Darren Opland, Director of Corporate Communications, at Axsome's headquarters in New York City. More information is available on the company’s website, www.axsome.com.

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Axsome Therapeutics, Inc. reports impressive financial results for 4Q and full year 2023 with net product revenue of $71.5 million and $204.9 million, respectively, showing significant growth. The company highlights successful commercial execution, pipeline advancement, and expansion. Key milestones include NDA submissions for AXS-14 in fibromyalgia and AXS-07 in migraine, with topline results of Phase 3 trials expected in 2024. Financially, total revenue for 2023 was $270.6 million, with total net product revenue growth of 309% year-over-year.
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Axsome Therapeutics, Inc. (NASDAQ: AXSM) will report its financial results for the fourth quarter and full year of 2023 on Tuesday, Feb. 20, 2024, before the opening of the U.S. financial markets. The management team will host a conference call at 8:00 a.m. Eastern Time on Feb. 20, 2024, to discuss these results and provide a business update. Participants can join the live conference call by dialing (877) 405-1239 (toll-free domestic) or accessing the webcast on the Company’s website at www.axsome.com. A recording of the conference call will be available on the website for approximately 30 days following the live event.
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Axsome Therapeutics, Inc. (NASDAQ: AXSM) announced preliminary net product revenue for the fourth quarter and full year ended December 31, 2023. The company reported total net product revenue of $71 million for 4Q 2023 and $204 million for the full year. Auvelity net product sales were $49 million for 4Q 2023 and $130 million for the full year, while Sunosi net product revenue was $22 million for 4Q 2023 and $74 million for the full year. The company also outlined anticipated regulatory milestones and clinical trial readouts for 2024, highlighting the NDA submissions and resubmissions for various products, as well as the initiation of Phase 3 trials for multiple conditions. The CEO expressed optimism for the upcoming year, emphasizing the company's commitment to addressing unmet medical needs in serious conditions affecting brain health.
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Axsome Therapeutics, Inc. (NASDAQ: AXSM) announced new data on Auvelity's impact on quality of life in patients with major depressive disorder. Treatment with Auvelity was associated with improvement in quality of life outcomes in broad populations of depression patients, as well as an evaluation of interest and activity levels of individuals with MDD following treatment with Auvelity.
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Axsome Therapeutics, Inc. (NASDAQ: AXSM) is hosting a virtual investor event and conference call to provide an update on solriamfetol, a drug for CNS disorders. The event will feature expert thought leaders discussing various indications for the drug, including MDD, ADHD, BED, EDS associated with OSA, and SWD.
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Axsome Therapeutics, Inc. (AXSM) will host a virtual event on December 7 to update investors on its development programs for solriamfetol, a CNS disorder therapy. The event will feature discussions by physician thought leaders and the Axsome senior leadership team on clinical development plans.
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Axsome Therapeutics, Inc. (AXSM) CEO to participate in fireside chat at Piper Sandler 35th Annual Healthcare Conference
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Axsome Therapeutics reports 3Q 2023 financial results with total product revenue of $57.8 million, representing 244% YoY growth. Net product sales for Auvelity® were $37.7 million, a 36% QoQ increase, while net product revenue for Sunosi® was $20.1 million, a 20% YoY growth. The company is on track for important clinical and regulatory milestones in the next 12 months, including NDA submissions and pivotal trial readouts and initiations.
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Axsome Therapeutics is participating in the Alzheimer's Foundation of America awareness campaign by lighting its headquarters in teal. The campaign aims to raise awareness of Alzheimer's disease and show support for those affected by the condition. November is recognized as Alzheimer's Disease Awareness Month.
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Axsome Therapeutics, Inc. (NASDAQ: AXSM) announced that its CEO, Dr. Herriot Tabuteau, will participate in two investor conferences in early November. The first conference is the Guggenheim Healthcare Talks | 5th Annual Inflammation & Immunology Conference on Nov. 7, where Dr. Tabuteau will participate in a fireside chat. The second conference is the 2023 Truist Securities BioPharma Symposium on Nov. 8, where Dr. Tabuteau will be part of a panel discussion on Alzheimer's Disease - Palliative Treatments. A live webcast and archive of the Guggenheim event will be available on the company's website.
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FAQ

What is the current stock price of Axsome Therapeutics (AXSM)?

The current stock price of Axsome Therapeutics (AXSM) is $102.27 as of January 22, 2025.

What is the market cap of Axsome Therapeutics (AXSM)?

The market cap of Axsome Therapeutics (AXSM) is approximately 4.6B.

What does Axsome Therapeutics, Inc. do?

Axsome Therapeutics develops novel therapies for central nervous system (CNS) disorders with limited treatment options.

Where is Axsome Therapeutics based?

Axsome Therapeutics is headquartered in New York City, at One World Trade Center, 22nd Floor.

What are some key products in Axsome's pipeline?

Key products include AXS-05 for major depressive disorder, AXS-07 for migraine, AXS-12 for narcolepsy, and AXS-14 for fibromyalgia.

What recent achievements has Axsome made?

Recent achievements include positive clinical trial data and successful regulatory meetings, advancing several pipeline candidates.

How does Axsome manage its business operations?

Axsome manages its business as one operating segment focused on developing and delivering CNS therapies.

How does Axsome maintain its financial health?

Axsome maintains its financial health through strategic collaborations, public offerings, and partnerships, ensuring sustained R&D investment.

Who are the key contacts for investors and media?

Investors can contact Mark Jacobson (COO), and media can contact Darren Opland (Director of Corporate Communications) at Axsome's headquarters.

What is the mission of Axsome Therapeutics?

Axsome's mission is to address unmet medical needs and improve the lives of patients suffering from CNS disorders.

What kind of disorders does Axsome focus on?

Axsome focuses on CNS disorders such as depression, migraine, narcolepsy, and Alzheimer's disease.

How can I stay updated on Axsome's latest news and developments?

You can stay updated by visiting Axsome's website or contacting their corporate communications team for the latest information.
Axsome Therapeutics, Inc

Nasdaq:AXSM

AXSM Rankings

AXSM Stock Data

4.63B
39.58M
16.68%
81.07%
13.45%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
NEW YORK