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Axsome Therapeutics

Axsome Therapeutics, Inc. · New York, NY · founded 2012

Axsome Therapeutics is a New York commercial-stage CNS biotech. It markets AUVELITY, a once-daily oral combination drug for major depressive disorder, and SUNOSI for excessive daytime sleepiness in narcolepsy and obstructive sleep apnea. The pipeline includes solriamfetol for ADHD, AXS-05 for Alzheimer's-related agitation, and AXS-07 for acute migraine.

Lead asset
AUVELITY · Approved · Major Depressive Disorder
small molecule · NMDA antagonist + sigma-1 agonist
Pipeline
1 drug · 1 program
1 Neurology
Modalities
small molecule×1
FocusNeurology
0.58
Reliability
Mixed
8/11
hits
13d
Next catalyst
readout
Last refresh · 5d ago · PR
$87.00+1.55%1Y
AXSM · daily close · illustrative · 2 catalysts marked
$72$78$84$90$97Apr '25Aug '25Dec '25Apr '26
Interim+18%AdCom-28%
1Y high$94.591Y low$74.13range$20.46(28%)past catalysts

Peers in this space

same sector or modality · sorted by match strength + market cap
Pipeline & catalysts

Pipeline & catalysts

1 drug · 1 programs · 2 upcoming catalysts
Pipeline by phase1programs
  • Preclin0
  • Ph10
  • Ph20
  • Ph30
  • Filed0
  • Approved1

Past catalyst impact

4 historical events · % change vs announcement
DateKindEventOutcome+1W+1M+6M
Oct 27, 2025InterimAUVELITY — Phase 3 Interim — Stopped for EfficacyPositive+18.2%+21.2%+18.6%
Apr 30, 2025AdComAUVELITY — Advisory Committee — 12–2 Vote in FavorNegative-27.6%-33.3%-19.2%
Aug 3, 2024AdComAUVELITY — Advisory Committee — 12–2 Vote in FavorPositive+34.8%+29.7%+17.9%
Feb 5, 2024InterimAUVELITY — Phase 3 Interim — Stopped for EfficacyPositive+23.3%+15.1%+10.2%
% change vs ticker close on the announcement date · backtest illustrative
Smart money

Insider activity

SEC EDGAR Form 4 · last 90 days
Insider activity · last 90 days
Form 4 trail · 3 transactions · 3 insiders
1 near a catalyst
Net flow
−$276.2K
Buys
$0
0 txns
Sells
$276.2K
1 txns
Largest
−$276.2K
SVP sell
Net flow per quarter · last 8Q
6 txns · sum $3.09M
24Q325Q125Q326Q126Q2
buys · $0sells · $3.09M
Insider · roleActionSharesPriceValueDate
N. Walsh
SVP
Sell8,154$33.87$276.2K
Mar 23, 2026
46d to catalyst
B. Hassan
CMO
Option ex.2,742$28.69$78.7K
Feb 12, 2026
E. Park
CFO
Award10,215$31.33$320.0K
Feb 9, 2026

Congressional trading

STOCK Act PTRs · House & Senate
Congressional trading · STOCK Act · last 365d
2 trades · 2 members
1 near a catalyst
Est. net flow
+$200K
midpoint · brackets only
Buys
1
Sells
1
Party mix
1 D1 R
Member · chamberActionBracket~ midpointOwnerDate · disclosure
R
Rep. G. Ostrom
House · OH
Sell$100K–$250K~$175Kself
Apr 8, 2026
filed +28d
30d to catalyst
D
Rep. P. Bowen
House · NJ
Buy$250K–$500K~$375Kself
Jan 4, 2026
filed +13d
Source: Senate eFD & House Clerk PTR feeds

Top ETF holders

ETF NAV disclosures · 13F filings
ETF holders · NAV disclosures
2 ETFs hold the position
Held by ETFs
$26.2M
aggregate position
Of market cap
0.62%
aggregate ETF share
Top holder
IBB0.29%
iShares Biotechnology ETF
TickerETF · familyThemeNAV% of NAVPosition
IBB
iShares Biotechnology ETF
iShares
Broad biotech$8.40B0.29%$24.4M
BBC
Virtus LifeSci Biotech Clinical Trials
WisdomTree
Small-cap biotech$60.0M3.14%$1.9M
Source: ETF NAV disclosures + quarterly 13F filings

KOL network

CMS OpenPayments · 2024 – 2025
KOL network · CMS OpenPayments
8 physicians paid · 42 disclosed records
Total 2025+2024
$3.35M
YoY
+31%
Co-Investigator$2.09MEquity / Ownership$603.7KResearch Grant$450.6KConsulting$150.8KSpeaking$40.0KTravel & Lodging$20.4KFood & Beverage$1.1K
Physician · affiliationSpecialtyTop categoryTotalRecords
Dr. Daniel Walsh
Mayo Clinic
Hematology / OncologyCo-Investigator$640.0K7
Dr. Tomás Kowalski
UCSF
GeneticsCo-Investigator$618.5K4
Dr. Sarah Singh
Cedars-Sinai
Hematology / OncologyCo-Investigator$555.1K6
Dr. Kavya Park
University of Washington
Pediatric GeneticsResearch Grant$539.2K7
Dr. Rebecca Nakamura
Mass General Hospital
Hematology / OncologyCo-Investigator$434.3K6
Dr. Theo Romano
UCSF
Pediatric GeneticsCo-Investigator$355.8K6
Dr. James Greene
University of Michigan
Hematology / OncologyCo-Investigator$180.0K4
Dr. Henry Tanaka
Stanford Medicine
Pediatric GeneticsConsulting$31.4K2
Source: CMS OpenPayments
Government & IP

Federal lobbying

Senate LDA disclosures · last 8 quarters
Federal lobbying · LDA · last 8 quarters
$365K disclosed · 3 firms engaged
YoY change
+9%
last 4Q vs prior 4Q
24Q3Q425Q1Q2Q3Q426Q1Q2
Top lobbying firms · last 8Q
Invariant$134K
5 quarters active
Tiber Creek Group$117K
5 quarters active
Squire Patton Boggs$114K
5 quarters active
Top issues lobbied
  • Prescription Drug User Fee programs$231K
  • Cardiovascular drug review guidance$58K
  • FDA user fee reauthorization (PDUFA / BsUFA)$38K
  • CMS Quality Reporting Program$38K
Source: Senate LDA database (lda.senate.gov)

Government contracts

USAspending.gov · BARDA · NIH · DoD · HHS · VA
Federal contracts · USAspending.gov
2 awards · 2 agencies
Total awarded
$14.1M
across all programs
Active
$14.1M
option periods incl.
Top agency
NIH / NCI$10.1M
largest active: Rare Cancer Translational Research Grant
AgencyTitle · type · award IDStatusValueAwarded → ends
NIH / NCI
Rare Cancer Translational Research Grant
Grant · NIH-34133110
active$10.1MMar 2026Jan 2029
CDC
Vaccine Adverse Event Surveillance
Contract · CDC-63813916
active$4.1MJan 2026Feb 2028
Source: USAspending.gov · SAM.gov

U.S. Patents

USPTO PEDS & Patent Public Search
U.S. Patents · USPTO
2 granted · 2 pending
Total in portfolio
4
Granted in last 12mo
2
Expiring < 2yr
0
Nearest expiry
Apr 2043
Patent #Title · inventor · drugTypeStatus · filedExpiry
11,322,324
Genome editing constructs encoding AUVELITY
E. Walsh + 3 · AUVELITY
Composition of Matter
grantedfiled Apr 2023
exp. Apr 2043
17.0y left
10,663,503
Pediatric methods of use for AUVELITY
F. Voss · AUVELITY
Method of Use
grantedfiled Apr 2023
exp. Apr 2043
17.0y left
US 2026/0927788 A1
Genome editing constructs encoding AUVELITY
A. Hoffman + 1 · AUVELITY
Composition of Matter
pendingfiled Apr 2026
in prosecution
US 2023/5015922 A1
Lipid nanoparticle formulations comprising AUVELITY
A. Goldstein + 3 · AUVELITY
Composition of Matter
pendingfiled Apr 2023
in prosecution
Source: USPTO PEDS & Patent Public Search
News

News

PR wires · biotech trades · company IR · last 90 days
Financials

Financials

snapshot · sourced to filings · refreshed at next 10-Q
Trading
Previous close
$87.00
Open
$87.35
Day Δ
-0.35
-0.40%
Day range
$86.43 – $87.92
52W range
$74.13 – $94.59
Avg daily volume
560K
Valuation & ownership
Enterprise value
$4.0B
Shares out
48.28M
Float
41.52M
Insider %
1.33%
Institutional %
51.33%
Beta
2.33
vs SPY · 52w
Balance sheet & burn
Cash + invest
$425M
Total debt
$33M
Debt / equity
4.33
Cash burn / Q
$60M
R&D spend TTM
$228M
54% of cash
ATM available
None
no active facility
Earnings
EPS latest
$-0.78
EPS Δ vs prior
+0.13
EPS estimate
$-0.75
next quarter
EPS prior
$-0.91
Next earnings
Jun 30, 2026
Rev guidance
$76M

All values reflect the most recent 10-Q / 10-K filing or seeded equivalent. Beta, IV, short interest, and borrow availability are derived from broker-feed conventions. Upgrade to Pro for live updates.

Recent disclosure activity

last 2 observations

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