Monday, August 5, 2024

Axsome Second Quarter Financial Results

Axsome Therapeutics released impressive second quarter results this morning. The biggest positive was that ADVANCE 2 for Alzheimer's Agitation, is to be released second half of 2024. 

  • Auvelity for MDD sales totaled $65 million for the quarter
  • A New Drug Application for AXS-07 has been submitted
  • Alzheimer's Agitation phase 3, to be released 2nd half 2024
  • ADHD phase 3 clinical trial results, 2nd half 2024

The stock had a wild day due to overall market volatility, recording a low of 72.21 early, but closed at 83.21 end of day, outperforming the broader market sell-off. Thank you for reading.

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