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PaxMedica (NASDAQ: PXMD) CEO Howard Weisman Sheds Light on Achievements for ASD Therapy Pipeline

Investor Brand Network - Mon Dec 18, 2023
  • The CDC estimates 1 out of 36 children in the United States have been diagnosed with Autism Spectrum Disorder – with a therapeutic market potential of $3.42 billion by 2030
  • PaxMedica’s mission is to help eliminate, reduce, or modulate the troublesome aspects of ASD, an unmet medical need in the industry
  • CEO Howard Weisman shared important updates and achievements in the company’s pipeline, financial outlook, and future vision

In a 2020 report released by the Centers for Disease Control and Prevention (“CDC”), it was estimated that 1 out of 36 children had been diagnosed with autism spectrum disorder (“ASD”) in the United States. While ASD is not uncommon, there are no pharmaceutical treatments approved to treat the disorder, only to manage the symptoms – which creates an unmet need in the industry. The ASD therapeutics market was valued at $1.93 billion in 2022 and is expected to reach $3.42 billion by 2030, growing at a CAGR of 7.9% (https://ibn.fm/RprVv).

It is essential to note that these estimates do not factor in the potential impact of treatments designed…

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