PaxMedica Inc. (NASDAQ: PXMD) Shares Corporate Update and Commitment to Advancing Therapies for Neurological Disorders, Prepares for Key Engagements with the FDA

• PaxMedica is preparing to submit a New Drug Application to the U.S. Food and Drug Administration later this year for using suramin to treat Human African Trypanosomiasis
• PaxMedica is currently preparing for an associated and very important Type C meeting with the FDA scheduled for June 27th
• Type C meetings are designated by the FDA to address specific issues in drug development, such as clinical trial design, data requirements, or other scientific matters not covered by Type A or Type B meetings

PaxMedica (NASDAQ: PXMD), a biopharmaceutical company specializing in neurological disorder treatments, recently shared corporate updates regarding its continued progress toward establishing suramin as an accepted treatment for Human African Trypanosomiasis (“HAT”).

PaxMedica is preparing to submit a New Drug Application (“NDA”) to the U.S. Food and Drug Administration (“FDA”) for using suramin to treat Human African Trypanosomiasis, a well-established treatment in East Africa for nearly a century. In April 2024, PaxMedica demonstrated its commitment to global health by responding to an urgent request from Malawi for an emergency release of suramin. This proactive strategy highlights PaxMedica’s dedication to advancing global healthcare solutions (https://ibn.fm/PCQlF).

PaxMedica is also gearing up for a significant Type C meeting with FDA on June 27th. This meeting is critical for the advancement of PAX-101, the company’s leading drug candidate for treating autism, as it progresses through the regulatory framework.

Type C meetings are designated by the FDA to address specific issues in drug development, such as clinical trial design, data requirements, or other scientific matters not covered by Type A or Type B meetings. For PaxMedica, this Type C meeting is a strategic opportunity to engage with FDA experts and discuss the development steps required for PAX-101. This will ensure the company meets all necessary regulatory standards as it moves forward.

The upcoming meeting is a pivotal event for PaxMedica. It provides a platform to align with the FDA on crucial aspects concerning PAX-101, an intravenous formulation of suramin with potential to treat serious conditions like Human African Trypanosomiasis and Autism Spectrum Disorder (“ASD”). By engaging with the FDA, PaxMedica aims to clarify the regulatory pathways and address any potential hurdles in the clinical trial process, which are essential for bringing PAX-101 closer to market approval.

The implications of this FDA meeting are significant. It represents a key moment for PaxMedica to showcase the therapeutic potential and public health benefits of PAX-101. Successfully navigating this meeting could facilitate the next phases of clinical trials and the eventual approval process. This is crucial as PaxMedica seeks to address HAT, a neglected tropical disease, and ASD, affecting millions worldwide.

PaxMedica’s recent humanitarian efforts, such as providing suramin for HAT treatment in Malawi, demonstrate the company’s commitment to global health challenges. These actions highlight PAX-101’s potential to impact global healthcare positively.

As PaxMedica approaches this important meeting, the outcomes could significantly influence the company’s strategic direction and its ability to advance its mission of developing innovative treatments for neurological disorders. A positive engagement with the FDA could pave the way for further clinical developments and eventually bring PAX-101 to the patients who need it most.

CEO Howard Weisman stated, “We are not just continuing; we are intensifying our efforts to achieve significant milestones for these programs by the end of this year. We are on track to submit an NDA for PAX-101, and potentially secure an FDA Priority Review Voucher if approved.”

For more information, visit the company’s website at www.PaxMedica.com.

NOTE TO INVESTORS: The latest news and updates relating to PXMD are available in the company’s newsroom at https://ibn.fm/PXMD

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