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PaxMedica, Inc. - PXMD STOCK NEWS

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

PaxMedica, Inc. (PXMD) is a clinical-stage biopharmaceutical company pioneering anti-purinergic therapies for neurological disorders and neglected tropical diseases. This page provides investors and healthcare stakeholders with essential updates on clinical trial progress, regulatory developments, and therapeutic innovations.

Access consolidated information on PaxMedica's investigational programs, including its intravenous suramin formulation targeting Autism Spectrum Disorder (ASD) and Human African Trypanosomiasis (HAT). Track critical milestones such as FDA submissions, manufacturing advancements, and responses to global health emergencies.

Key updates include clinical trial results, partnership announcements, intellectual property developments, and analyses of therapeutic mechanisms. This resource eliminates fragmented research by providing verified information directly from company releases and trusted third-party coverage.

Bookmark this page for streamlined monitoring of PaxMedica's progress in developing treatments for complex neurological conditions and tropical diseases. Check regularly for authoritative updates reflecting the company's commitment to addressing unmet medical needs through rigorous scientific research.

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PaxMedica, a biopharmaceutical company focused on advancing treatments for neurological disorders, announced the closing of its public offering of 5,384,615 shares of common stock and warrants, generating approximately $7.0 million in gross proceeds. The net proceeds will be used to repay outstanding debt and advance development programs.
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PaxMedica, Inc. (NASDAQ:PXMD) Announces Pricing of Public Offering of Common Stock and Warrants at $1.30 per Share
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PaxMedica, Inc. (NASDAQ: PXMD) announces its feature in a broadcast via NetworkNewsAudio, highlighting the completion of a type-B meeting with the FDA and positive results from its PAX-HAT-301 study of suramin in Stage One Human African Sleeping Sickness. The company is encouraged by the FDA's feedback and is focused on expediting the final steps toward its NDA submission for PAX-101, expected in the second half of 2024.
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PaxMedica, Inc. (NASDAQ:PXMD) announced a comprehensive business update and financial results for the third quarter of 2023. Key achievements include progress in FDA Type-B meeting for NDA submission of PAX-101, completion of Phase III trials for Human African Trypanosomiasis, strategic acquisition of suramin research assets, and completion of commercial-scale development plan for PAX-101. CEO Howard Weisman highlighted the company's progress and financial report indicated $1.2 million in cash reserves with access to $14.4 million from an equity investment agreement.
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PaxMedica, Inc. (NASDAQ:PXMD) announced the publication of research findings in the Annals of General Psychiatry. The study explored the potential of low-dose suramin intravenous infusions as an Autism Spectrum Disorder (ASD) treatment, showing statistically significant improvements in the Clinical Global Impressions-Improvement (CGI-I) scale among the 10 mg/kg suramin arm compared to the placebo group.
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PaxMedica, a biopharmaceutical company, has engaged Bourne Partners to explore monetization of a Priority Review Voucher (PRV) for the treatment of African Sleeping Sickness. The engagement aims to enhance research and development efforts in neurologic disorders. PaxMedica has decreased the outstanding amount under its convertible note with Lind Global Partners II, LP from $3.68 million to $2.27 million.
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PaxMedica, a biopharmaceutical company specializing in neurological disorder treatments, has successfully acquired suramin research assets from Rediscovery Life Sciences. These assets will support PaxMedica's efforts to seek approval for PAX-101, a treatment for African Sleeping Sickness. The integration of this data will aid in the submission for the New Drug Application (NDA) and manufacturing production requirements are on track for the first half of 2024.
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PaxMedica, Inc. (Nasdaq: PXMD) has completed a 1-for-17 reverse stock split of its common stock. The split-adjusted common stock will begin trading on October 31, 2023, under the symbol 'PXMD'. Each 17 pre-split shares were combined into one post-split share, with no fractional shares issued. Shareholders will receive information from Computershare Trust Corporation, the transfer agent.
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PaxMedica's manuscript on low dose suramin infusions for Autism Spectrum Disorder has been accepted for publication in the Annals of General Psychiatry. The research highlights the potential of this treatment and is a significant milestone for the company's dedication to innovative ASD treatments.
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PaxMedica completes type-B meeting with the FDA and receives guidance for NDA filing. Positive results from PAX-HAT-301 study of suramin in Stage One Human African Sleeping Sickness. NDA expected in second half of 2024.
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PaxMedica, Inc.

Nasdaq:PXMD

PXMD Rankings

PXMD Stock Data

2.76M
125.63M
0.78%
0.15%
8.54%
Biotechnology
Pharmaceutical Preparations
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United States
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