Axsome reports delay to PhIII narcolepsy study, unveils peak sales estimates on its drugs
Axsome Therapeutics adjusted the timeline of a Phase III trial for an ex-Pfizer drug that it expects to market for narcolepsy by 2025.
The New York-based biotech projected enrollment to wrap up next quarter for a trial of its investigational narcolepsy med, marking a slight delay to last month’s guidance of having topline data this quarter, per a corporate deck filed with the SEC on Tuesday.
Axsome is developing AXS-12 for the sleep disorder narcolepsy and is assessing whether the twice-daily oral med is better than placebo at reducing the frequency of cataplexy, a sudden muscle weakness. The company estimates about 70% of the 185,000 US patients with narcolepsy experience cataplexy.
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