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Praxis Precision Medicines Q1 Loss Narrows Amid Higher Operating Expenses

05/11/2021 05:07

08:53 AM EDT, 05/11/2021 (MT Newswires) -- Praxis Precision Medicines (PRAX) reported a Q1 net loss of $0.71 per share, compared with a loss of $6.08 per share a year earlier.

Analysts polled by Capital IQ projected a loss of $0.74 per share.

Operating expenses were $27.4 million for the quarter ended March 31, up from $8.5 million a year ago.

As of March 31, the company had $270.8 million in cash, cash equivalents and marketable securities.

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