Showing posts with label AXS-05. Show all posts
Showing posts with label AXS-05. Show all posts

Wednesday, December 31, 2025

Axsome - Priority Review for Alzheimer's Disease Agitation

We first wrote about the prospect of the company addressing this unmet need here Agitation in Alzheimer's Disease - An Unmet NeedThe therapy, if approved could allow easier caregiver services, that keep patients in their home setting, avoiding institutional care. The company completed all phases of clinical trials, and filed a new drug application recently (NDA) for AXS-05 for the indication of Alzheimer's Disease Agitation. Axsome was notified by the FDA that the application has been accepted with priority review and a decision date (PDUFA) of April 30th, 2026. This is great news as it could be the only non-antipsychotic drug to be approved for this indication.  Receiving priority review, which includes a shortened time frame for review, increases the chances of approval significantly. The stocks reaction as anticipated, is very positive chart below. 



Tuesday, February 18, 2025

Axsome Fourth Quarter Financial Results

Axsome released 4th quarter financial results today, a couple of highlights from the quarterly and year end release. 

  • ADHD phase 3 results, first quarter of 2025
  • AXS-05 for Alz Agitation NDA to be submitted 2nd half 2025
  • AXS-12 for Narcolepsy NDA to be submitted 2nd half 2025
  • $315 million in cash, end of 2024
Good quarter, and great 2024 completed. The stock is at an all-time high level around $130.00 per share chart below. Thank you for reading. 
 

Monday, December 30, 2024

AXS-05 for Alzheimer's Agitation - Phase 3 Results

Axsome released data for unmet medical need, Alzheimer's Agitation. The therapy may promote easier caregiver duties, so the person with Alzheimer's they are caring for, can remain in their home surroundings, rather than institution. The company hit on one of the two clinical trials completed. The studies were ADVANCE2 and ACCORD2, with the ACCORD2 trial delivering statistical significant results that should lead to a New Drug Application (NDA) and potential FDA approval. The company plans to file the NDA in the second half of 2025. With the completion of these two clinical trials, the company will have three positive studies, results below. 

ADVANCE 1 Results:

  • Reduction in the CMAI (primary endpoint) vs placebo p=o.010

ACCORD 1 Results:

  • Delayed time to relapse p=0.014
  • Relapse prevention p=0.018
ACCORD 2 Results:
  • Delayed time to relapse p=0.001
  • Relapse prevention p=0.001

The safety profile was in line with previous company studies, which could indicate the absence of a black box label. Patent for AXS-05 runs from 2034 to 2043. Thank you for reading.

Sunday, February 18, 2024

Alzheimer's Disease Agitation

Alzheimer's Disease Agitation, is an unmet medical need. Three companies have addressed potential therapy for these patients.  Otsuka and partner Lundbeck with Brexpiprazole, has already achieved FDA approval as the first and only approved drug, but carries a Black Boxed Warning. Another candidate from Otsuka again, is AVP-786. AVP-786 has yet to achieve two meaningful positive clinical trial readouts, and has two clinical trials scheduled to complete in 2026. Axsome's AXS-05 has completed one successful clinical trial known as ADVANCE-1. AVANCE-2 is scheduled to read out in the first half of 2024. If successful, the company will pursue an sNDA filing with the FDA for approval.  Click on chart below for a larger version. Thank you for reading.

Thank you for reading: 586-431-8000
 

Monday, August 7, 2023

Axsome 2nd Quarter 2023 Financial Results

Axsome released their second quarter financial results on Monday August 7th. Just a few highlights from the just completed impressive quarter, are below. 

  • Auvelity for MDD sales totaled $27.6 million for the quarter
  • Sunosi for narcolepsy sales totaled $19.1 million for the quarter
  • $468 million in cash on hand, end of quarter
  • AXS-12 clinical trial for cataplexy, to read out in the fourth quarter, 2023
  • AXS-05 clinical trial for Alzheimer's Disease Agitation, complete first half of 2024

Below are weekly prescriptions of Auvelity for MDD. Thank you for reading 



Saturday, January 21, 2023

Auvelity Week Twelve Prescriptions

Axsome Therapeutics, week twelve prescriptions for Auvelity, is the second week of a new quarter of revenue, for the companies recently approved MDD drug. These first two weeks of the first quarter of 2023 will also start the first complete, 12 week quarter for Auvelity since approval. The launch is off to a good start. Stats from IQVIA.

Week 11  01/06/23 = 1300

Week 12  01/13/23 = 1650

Monday, November 28, 2022

AXS-05 Phase 3 Alzheimer's Agitation Results

Today, Axsome Therapeutics released top line results from their ACCORD, phase 3 Alzheimer's Agitation study with drug AXS-05. The results met both primary and secondary efficacy endpoints below.
 
  -  Delayed time to agitation relapse vs. placebo p=0.014
  -  Prevented relapse of agitation vs. placebo p=0.018
Other important endpoints:
  -  Alzheimer's agitation, CMAI total score, open label p=0.001

These results bode well with the previously completed ADVANCE-1 phase 2/3 study released in 2020. Axsome plans to take these results to the FDA, with the intent to file a supplemental New Drug Application, (sNDA). Alzheimer's Agitation is an unmet medical need, with no treatments currently approved. With AXS-05, the likelihood for patients remaining in their homes becomes more favorable, easier on caregivers, reducing overburdened nursing care facilities. We previously wrote about this unmet need here Agitation in Alzheimer's Disease -An Unmet Need Part 2Chart of Axsome below. Thank you for reading.

Saturday, October 15, 2022

Relmada Phase 3 MDD Results

Relmada Therapeutics (RLMD) has been working on a new MDD drug (major depressive disorder) known as REL-1017, an NMDA (NMDAR) channel blocker. The company released top-line results on Thursday October 13th. The top line results revealed that the drug showed to be effective (-14.9 reduction from baseline), but the placebo group also displayed a reduction in depressive symptoms (-13.9 from baseline) on the MADRS 10 Total Score. The .9 differential between the two groups at day 28 was deemed to be a clinical trial failure. 

The company did a secondary clinical trial analysis, and determined that when excluding clinical sites with implausibly high or low placebo responses (4-5 of the total sites), showed a meaningful difference between REL-1017 and placebo to the effect of 4.9 points on the MADRS 10 versus placebo p=0.05. 

Based on the results above, Relmada may have to run another phase 3 clinical trial for MDD to proceed to an NDA filing. The timeline to starting and completing would be around one year based on this just completed clinical trial, then filing an NDA would require additional time. Most likely to get REL-1017 approved for MDD, could take two years from the start of an additional clinical phase 3 MDD trial to FDA approval, if everything goes well. Note that Relmada does not have Breakthrough Therapy Designation (BTD) for REL-1017, MDD. 

Axsome Therapeutics Auvelity, was just granted FDA approval for MDD in August 2022, with a planned launch early 4th quarter 2022. Auvelity, provides a fast-acting oral anti depressant therapy. REL-1017 would have competed directly with Axsome's Auvelity, as both provide a fast acting response, which is an unmet need to current MDD drugs on the market. Axsome's stock had an upward response after the Relmada results were revealed, while Relmada chart below, sold off.                                  

Friday, August 19, 2022

Auvelity Receives FDA Approval for MDD

Today Axsome Therapeutics announced the FDA has approved their drug, AXS-05 for Major Depressive Disorder. The commercialized product (AXS-05) will be named Auvelity. This is a good day for patients suffering from MDD, as Auvelity is a new oral mechanism of action, which acts very quickly, and has shown durability in clinical trials, that led to the FDA approval. The company plans to start selling the product early in the fourth quarter. The press release is here Auvelity FDA Approval.  The stock had a very strong day as expected, up +40%. Below is a daily chart of Axsome.                                            

                               

Friday, July 1, 2022

AXS-05 Proposed Labeling for MDD Indication

Axsome's New Drug Application (NDA) for Major Depressive Disorder, has progressed to product labeling discussions with the FDA.  This puts Axsome a step closer to potential FDA approval. The company released the following SEC document below. 

On June 24, 2022, Axsome Therapeutics, Inc. (the “Company”) received from the U.S. Food and Drug Administration (the “FDA”) proposed labeling for the Company’s AXS-05 product candidate with respect to its New Drug Application (the “NDA”) for AXS-05 for the treatment of major depressive disorder. The Company is reviewing the proposed labeling and will reply to the FDA to secure final labeling agreement.

Axsome's stock had a good week based on the document that the company filed on June 24th, 2022. Weekly chart below, AXSM stock advancing 66.15% under heavy volume.

Sunday, April 17, 2022

Axsome Therapeutics - Near Term Catalysts Expected

Axsome (AXSM) is expecting feedback from the FDA on two New Drug Application filings. First AXS-05 for Major Depressive Disorder, either labeling discussions, or outright approval or denial. Second, AXS-07 for Acute Migraine, which has an April 29th FDA decision date, either approval or denial.  My expectations is that we could hear feedback on both filings in this month of April. These could be the first of many New Drug Applications being filed from the company. The others, AXS-12 for Narcolepsy, AXS-14 for Fibromyalgia, and AXS-05 again, for Alzheimer's Agitation. Below is a daily chart of Axsome, thank you for reading.         

Friday, December 31, 2021

Catalysts in 2022

Heading into 2022, there will be plenty of catalysts to look forward to. Axsome Therapeutics is in the midst of pending FDA decisions with the following.

  • AXS-05 for Major Depression Disorder - Decision is forthcoming
  • AXS-07 for Acute Migraine - Decision expected end of April

Additionally AXS-05 is also in a phase 3 clinical trial for the indication of Alzheimer's Agitation, with expected results in the first half of 2023. A phase 2/3 clinical trial involving AXS-05 for the indication of Smoking Cessation, is expected to be initiated in 2022. The potential approval for AXS-05 for MDD (major depressive disorder), could pave the way for future AXS-05 approvals for different indications.

Concert Pharmaceuticals CTP-543 for Alopecia Areata (an unmet need), is expected to complete at least one of the two, phase 3 clinical trials mid year 2022, with the second phase 3 completing close behind in the third quarter. These are pivotal studies that are expected to form the basis for their NDA (new drug application) for Alopecia Areata.

  • Thrive AA1 phase 3 results mid year 2022
  • Thrive AA2 phase 3 results 3rd quarter 2022

Thank you reading.

Monday, April 26, 2021

AXS-05 Priority Review for MDD

Axsome Therapeutics issued a press release this morning with the good news that lead drug candidate AXS-05 for MDD (major depression disorder) has received Priority Review from the FDA, with a PDUFA date of 8-22-21. The Priority Review is an FDA six month review to determine whether or not to approve a drug, versus a ten month standard review. Statistically, this gives the chance of approval a higher probability then if the company received a standard ten month review timeline. This also lifts the risk the stock has been under lately, as investors have ruled out the scenario of RTF (refuse to file), and standard review from the FDA. If the drug is approved by August, then I would expect the company to start commercialization with a salesforce, and sales occurring in the fourth quarter of this year. Just a reminder, the patent for AXS-05 extends out to 2034 at the very earliest, and potentially up to 2040. So at the minimum, the company will have thirteen years of exclusivity. Below is a daily chart of Axsome. The stock had a good day today up +11% under strong volume, but I expect more appreciation for the stock over the next few weeks. Thank you for reading.
 
                                   
                                          

            

Saturday, February 27, 2021

Axsome Therapeutics - An update on Progress

This will be an important year for Axsome Therapeutics, as they transform from a pure drug development company, to a drug development plus commercialization company. Below are some projected timelines that the company is planning on achieving for the first half of 2021.

  • AXS-05 for MDD, new drug application to be accepted by the FDA mid April.
  • AXS-07 for acute migraine, new drug application to be filed in April.
  • AXS-07 new drug application to be accepted by the FDA in June.
  • AXS-12 starts Phase 3 for narcolepsy in the second quarter.
                         

The weekly chart above illustrates that axsm has been trading in a range for the past ten months. As it currently stands today, the stock is at the lower bounds of the range making it a lower risk entry, for those looking to invest in the company.                               

 

Thursday, December 31, 2020

Agitation in Alzheimer's Disease - An Unmet Need Pt 2

We previously wrote about this unmet medical need back in 2016 here Agitation in Alzheimer's Disease - An Unmet Need. Since then, the field has narrowed with some of those companies no longer pursuing this indication for different reasons, but most likely their drug was not successful for this indication in clinical trials. With a safe and effective therapy for these patients experiencing agitation, the likelihood for them remaining in their homes becomes more favorable, as it would be easier on their caregivers, thus reducing the necessity for nursing home care. The companies still pursuing this important indication are as follows.

Axsome Therapeutics - AXS-05 completed first pivotal phase 2/3 

John Hopkins - Escitalopram first phase 3 ongoing

Otsuka - AVP-786 has not successfully completed a pivotal phase 3

Otsuka / Lundbeck - Brexpiprazole completed two phase 3's, with one showing efficacy

The path to FDA approval is especially important, due to becoming a first mover in that space and establishing your product within the medical community. The projected clinical readouts of the current clinical trials are listed in order, as follows. Brexpiprazole 4/2022, AVP-786 6/2022, , Escitalopram 8/2022, AXS-05 9/2022.

AVP-786 has completed one phase 3 clinical trial using the (SPCD) Sequential Parallel Comparison Design. The SPCD is designed to reduce the placebo effect. Avanir disclosed that one of the two doses showed significant efficacy, but the company did not go into detail whether the higher or lower dose achieved the significant efficacy. In the second clinical trial using a Parallel Group Placebo Controlled design, patients did not experience a significant improvement in agitation compared to patients treated with placebo, per Avanir press release. Thus, putting the entire Agitation in Alzheimer's Disease program in question.

Just a bit of history. The non-deuterated version of AVP-786 is known as AVP-923, which is a combination of dextromethorphan and quinidine. In a phase 2 clinical trial run by Avanir for patients with Alzheimer's disease experiencing agitation in 2014, AVP-923 was highly successful utilizing the (SPCD) clinical trial design. That clinical trial success, led to a $3.5 billion buyout of Avanir from giant Otsuka.

Understanding how AVP-786 ended up in Otsuka's hands, you have to go back several years when Concert Pharmaceuticals obtained a patent for the deuterated version of AVP-923, and licensed that version known as AVP-786 to Avanir, who later was acquired by Otsuka. The successful AVP-923 combo of 20mg dextromethorphan, and 10mg quinidine had a potential safety drawback known as QTc prolongation which may have become worrisome to the FDA for this elderly patient population. One of the goals of the deuterated version was to lower the quinidine inhibitor dose down from 10 mg to 4.9 mg as shown in a comparison of exclusion's between AVP-923, and AVP-786 clinical trial design here AVP-923 and AVP-786

There is one other issue to consider regarding AVP-786. When Concert Pharmaceutical's provided deuteration to AVP-923 and achieved patent, did the composition of AVP-786 get modified from the original in any way? We could only find one research article that may answer that question, here Deuterated (d6) - dextromethorphan elicits antidepressant effects in mice. This research suggests that AMPA, and Sigma 1, receptor targets of deuterated DM may differ from DM in their small animal study as quoted The data suggests d6-DM has anti-depressant like effects, though it may be recruiting different molecular targets and/or acting through a different mix or ratio of metabolites from regular DM. Perhaps that could be the performance difference between AVP-923 performing so well in the phase 2 clinical trial, and later AVP-786 not highly successful so far in clinical trials with a similar patient population. With limited research, we take that as speculation.

What's important to keep in mind, is that Axsome's AXS-05 is the only drug which the FDA has granted, Breakthrough Therapy Designation (BTD) for this indication. We'll continue to monitor these clinical trials to see if the companies projected completion dates remain the same or change. Axsome Therapeutics AXS-05 is well positioned to become the first safe and effective therapy for this patient population as we await the phase 3 results with their second pivotal clinical trial. Next we will write about Brexpiprazole's path forward. Thank you for reading. 

Monday, August 10, 2020

Axsome Therapeutics Second Quarter Update

Axsome released their second quarter results this morning, and an additional press release updating their depression clinical program here AXS-05 Depression Clinial Program. The company accomplished a significant amount of progress on all fronts. This post will focus on the companies lead drug AXS-05 for Treatment Resistant Depression or TRD. Summary below.
COMET TRD Trial - A phase 2 an open label sub-study evaluating the efficacy and safety in TRD patients. Approximately 70 patients will be enrolled. The trial endpoints will include the change from baseline in the Montgomery Asberg Depression Rating Scale or (MADRS) total score, clinical response and remission. Topline results from the COMET-TRD is expected in the fourth quarter of 2020.

MERIT Trial - A phase 2 double blind placebo controlled trial randomized withdrawal study in patients with TRD. Approximately 50 patients will be enrolled. The primary endpoint of the trial is the time to relapse of depressive symptoms. Topline first half 2021.                                           


Monday, April 27, 2020

AXS-05 Phase 3 Results for Alzheimer's Agitation

Axsome released phase 3 results today from their ongoing clinical trial evaluating AXS-05 for agitation associated with Alzheimer's disease. Currently there is no drug approved for this unmet need. The results below were good, with a rapid and substantial effect. The complete press release is at Axsome.com.
  • Cohen Mansfield (CMAI) total score at 5 weeks, p=0.010 versus placebo
  • Week 3 compared to placebo p=0.007
  • Well tolerated and not associated with cognitive impairment or sedation

Monday, December 16, 2019

AXS-05 Phase 3 Results for MDD (GEMINI)

Axsome Therapeutics (AXSM) is higher today after releasing phase 3 results with AXS-05 for the indication of Major Depressive Disorder or (MDD). The press release is here, AXS-05 Achieves Primary Endpoint in Gemini Phase 3. Some major points from the outstanding results are as follows.
  • AXS-05 at week 6 versus placebo  p=0.002
  • Rate of remission of depression week 6 versus placebo  p=0.001
  • Week 1 AXS-05 versus placebo p=0.007
All scores are based on the Montgomery-Asberg Depression Rating Scale or MADRS. The phase 3 clinical trial details can be found here NCT04019704. The company will file for FDA approval in the second half of 2020 for the indication of MDD, and potentially get approved for that indication in the first half of 2021. Below is the chart of the stock that appreciated +70% today.


Tuesday, June 11, 2019

Smoking Cessation and AXS-05

A phase 2 Smoking Cessation trial with AXS-05 was completed in April of 2019 by Axsome Therapeutics and sponsor Duke University here Phase 2 Smoking Cessation. From the Axsome press release following results, a quote by James Davis of Duke University and principal investigator of the phase 2 clinical trial had the following to say.
"The findings in this trial are notable because AXS-05 was compared to bupropion, an approved treatment for smoking cessation," said James Davis, MD, Medical Director of the Duke Center for Smoking Cessation, and principal investigator of the trial. "The improvement of AXS-05 over bupropion observed in this trial is similar in magnitude to the improvement over placebo reported for the approved smoking cessation treatment varenicline in studies with a similar design. Reduction in ad-lib smoking was selected as the primary endpoint in this trial, because it has been shown to correlate with smoking abstinence. I look forward to the continued evaluation of AXS-05 as a smoking cessation treatment."
Varenicline is also known under commercialization as Chantix. The drug was developed by Pfizer, and FDA approved in 2006, with patent extending to 2020. After 2020 generic companies can replicate the drug and sell it at much lower prices. The drug has produced annual revenues of around $1 billion for Pfizer, even though the safety profile has come under scrutiny from the FDA. The side effect profile for Chantix is below. 
The most common side effects of CHANTIX include nausea (30%), sleep problems (trouble sleeping, vivid unusual strange dreams) constipation, gas, and/or vomiting.
The potential opportunity for Axsome Therapeutics with AXS-05, would be exhibiting similar efficacy as Chantix has in clinical trials, but with fewer side effects associated with treatment. Current chart below.

Saturday, May 18, 2019

AXS-05 and SAGE-217

Axsome and SAGE Therapeutics are in phase 3 development for two promising drugs that treat Major Depressive Disorder or MDD. Both companies have completed phase 2 clinical trials with very good results, and each have achieved the Breakthrough Therapy Designation (BTD) from the FDA. What's different from the current Selective Serotonin Reuptake Inhibitors or SSRI's, is that both AXS-05 and SAGE-217 are fast acting oral delivery drugs that show efficacy within days of treatment, compared to many weeks.
Let's see how AXS-05 and SAGE-217 compare in a side by side analysis of important facts to consider. From the file below, and from listening to company conference calls, both AXS-05 and SAGE-217 could get FDA approval and to commercialization around the same time in 2021. What stands out is that while SAGE Therapeutics currently sports an 8.49B market cap, Axsome Therapeutics just a 768M market cap. Thank you for reading.

Drug AXS-05 SAGE-217
Action NMDA GABA
phase 2  ph 2 compare ph 2 placebo
Remission wk 6    47%     45% *
BTD     √     √
Pivotal      √     √
phase 3 MDD n= 300 n= 450
Start 6/1/2019 12/1/2018
End Expected 12/31/2019 12/31/2019
Safety Data Ext n= 300 n= 600 
NDA Filing est 6/1/2020 6/1/2020
Approval est 3/1/2021 3/1/2021
Delivery-oral b.i.d. qd
Patent  2034 2034
Market Cap  768M 8.49B
                            *15 day dosing