Axsome: Potentially More Pain Than Gain

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About: Axsome Therapeutics, Inc. (AXSM)
by: Kenneth Pittman
This article is exclusive for subscribers.
Kenneth Pittman
Long only, value, biotech, healthcare
Summary

Axsome recently had a Phase 3 trial of AXS-02 for complex regional pain syndrome stopped due to futility.

While Axsome has multiple other compounds and potential indications, there are significant concerns with many of those currently in Phase 2/3.

Axsome heavily relies on combination drugs that have limited internal innovation.

The most innovative ideas from Axsome are in Phase 1 from their MoSEIC technology.

AXS-02 Failure in Complex Regional Pain Syndrome

Axsome Therapeutics (AXSM) is a developmental biotech that currently has a diverse list of targets, including bone pain, treatment resistant depression, smoking cessation, migraine headaches, and