Axsome Therapeutics

Axsome Therapeutics reported accelerating AUVELITY prescription growth, reaching a record 3,800 weekly new-to-brand prescriptions and an increase in patients aged 65+ to about 31% following the Alzheimer's disease agitation launch. Management reiterated an $8 billion long-term peak-sales outlook evenly split between major depressive disorder and Alzheimer's agitation and noted 89% coverage of total covered lives, including 100% Medicare coverage. The company expects operating expenses to remain broadly stable in the second half while revenue grows faster, supporting a path toward profitability, and continues advancing multiple pipeline programs and Phase 3 trials. » Mere på finance.yahoo.com

Axsome Therapeutics reported that AUVELITY is seeing accelerated prescription growth with about 3,800 new prescriptions per week and that the agitation in Alzheimer’s indication is the fastest-growing share. The company has roughly $320 million in cash and equivalents, a quarterly cash burn of about $25 million, and sees operational leverage as revenue is expected to grow faster than expenses. Axsome reaffirmed a conservative model with a potential peak sales estimate of $8 billion, is running five phase‑III studies (including SUMMIT for smoking cessation and AXS-12 with a PDUFA date of May 1, 2027), and expects further commercial and market-access growth. Management cited political risks such as Medicare negotiations and the challenge of converting initial prescription gains into sustainable revenue growth. » Mere på de.investing.com

Axsome highlighted accelerated commercialization of AUVELITY at the Cantor Healthcare Conference; the drug generated $180 million in Q2 2026 revenue (annualized $720 million) with a market share below 0.25%. The company raised its peak sales forecast for AUVELITY to over $8 billion, of which about $4 billion is attributed to MDD, and expects additional potential from the agitation in Alzheimer’s indication. Axsome has doubled its field force to 600 staff, reports positive early feedback on ADA (rapid onset, good tolerability) and notes broad reimbursement. Key pipeline catalysts are top-line data for solriamfetol in binge-eating disorder (Q4 2026) and a PDUFA date for AXS-12 in narcolepsy on May 1, 2027. » Mere på de.investing.com