Registered forecast

80% registered probability event by 2027-01-29 Unresolved

FDA approves ulixacaltamide for essential tremor on or before the disclosed PDUFA goal date of 2027-01-29

FF-036 Registered Unresolved
Registered probability
80%
Event by
2027-01-29
Resolution window
2026-10-16 → 2027-01-29
Target rung
  1. 5 Guideline
  2. 6 Regulatory
  3. 7 Coverage
Baselines it has to beat
  • Authority base rate 85%
  • Calendar cycle 80%
  • Analyst proxy 80%

nextconsensus.com/forecast/ff-036/ registry snapshot 2026-10-15 Share image

NextConsensus registered this probability on 2026-10-15. It is one of 26 registered FDA goal-date forecasts.

The proposition

What was claimed

The FDA takes an approval action on Praxis' New Drug Application for ulixacaltamide hydrochloride for the treatment of essential tremor in adults, with an approval action date on or before 2027-01-29, the PDUFA date disclosed in Exhibit 99.1 to Praxis' Form 8-K filed 2026-08-06.
Authority
US Food and Drug Administration (FDA), Center for Drug Evaluation and Research (CDER) (US)
Target rungA step on the 12-rung ladder: rungs 1 to 4 are the evidence moving, rungs 5 to 7 are a guideline body, regulator, or payer acting. The ladder, rung by rung
Rung 6: Regulatory action — Label/indication change, approval action, REMS modification, or withdrawal by FDA, EMA, PMDA, Health Canada, etc.
Forecast classThe group of like forecasts this one is counted and scored with, such as FDA actions by their goal dates
FDA action by goal date
Scope
Essential tremor in adults

The estimate

The number and the baselines it has to beat

80% probability, method v0.1.0 · frozen at the 2026-10-15 cutoff

The alternatives it was registered against, each with the reasoning that produced it.

Authority base rate 85%

ESTIMATE FROM THE SHAPE OF THE CLASS, NOT AN ENUMERATED COUNT. Applications built on positive randomized controlled trials are approved at their first goal date in a large majority of cases. The calendar's own met-goal-date share for disclosed PDUFA dates does not exist yet.

Calendar cycle 80%

A clock-only model: the goal date is inside the window, FDA meets most goal dates, and most first-cycle actions on applications like this are approvals. With no evidence input it cannot tell a strong application from a weak one.

Analyst proxy 80%

A neurology analyst reading the same filings on 2026-10-01 would weigh two phase 3 studies, a mid-cycle meeting with no major concerns, a clean BIMO inspection and no advisory committee, and would call approval by the goal date likely. Estimated by reconstructing that read, not by surveying analysts.

Regulatory action (FDA): offered on judgment, with no calibration figure until 15 in the class have resolved.

The clock

Dates that constrain the record

Evidence cutoff
2026-10-15
Nothing after this date informed the estimate.
Registered
2026-10-15
Frozen and hashed.
Resolution window
2026-10-16 → 2027-01-29
When the adjudicator can read the outcome.
Event by
2027-01-29
The final qualifying action date; the frozen resolution rule defines what counts. Add to calendar

6C
ledger 6cd7820ace1c35bc8346892f8b767d059fcb0e7d819a5fdef261a11e9b8aa51b · operator record jc-1792036249340-0a27ee0a

Around this record

Single-claim evaluation

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$15,000, ten business days One claim, one decision-maker, one date: the dated evidence baseline, the qualifiers that changed, and where the evidence has stalled.
Your question, registered Who decides, the decision, and your date, as a public forecast like this one.
Then the portfolio The same record can cover every decision your portfolio is waiting on, on a cadence you set.

Resolution

The rule that settles the forecast

Resolves YES if the openFDA Drugs@FDA records returned by https://api.fda.gov/drug/drugsfda.json?search=openfda.generic_name:%22ulixacaltamide%22&limit=100 and by https://api.fda.gov/drug/drugsfda.json?search=products.active_ingredients.name:%22ULIXACALTAMIDE%22&limit=100, read together (openFDA does not always fill the generic-name field for a new application), contain an application whose ORIG submission has submission_status AP and a submission_status_date on or before 2027-01-29, and the Drugs@FDA approval letter or label for that application names essential tremor in its indication. An approval for a narrower essential tremor population than the applicant sought still resolves YES. Resolves NO if no approval action is dated on or before 2027-01-29: a complete response letter, a goal-date extension, withdrawal or no action. The goal date is frozen as disclosed at the cutoff; a later extension does not move it, and an approval dated after 2027-01-29 resolves NO as occurred_after_deadline. Read no earlier than 2027-02-12. If openFDA has not refreshed by then, the Drugs@FDA web record (https://www.accessdata.fda.gov/scripts/cder/daf/, searched by the name ulixacaltamide) governs. The application number was not public at the cutoff, so the rule reads by name; a suffix on the nonproprietary name or a proprietary name does not change the identification. Resolves unresolvable only if none of these sources can be read after the read floor. Resolves VOID, with the reason recorded, only if FDA withdraws every public record of approval actions named above without an equivalent public successor, so that no approval date for this product can be read; while any of them publishes it, the rule stands.

Source the rule names: https://api.fda.gov/drug/drugsfda.json?search=openfda.generic_name:%22ulixacaltamide%22&limit=100, https://api.fda.gov/drug/drugsfda.json?search=products.active_ingredients.name:%22ULIXACALTAMIDE%22&limit=100, https://www.accessdata.fda.gov/scripts/cder/daf/

Readers: Resolver A, clinical methodology; Resolver B, payer evidence. The same two reader roles are assigned to every forecast registered so far.

What this record will show once it resolves

Beside every result, the count for its class (FDA action by goal date): registered, resolved, unresolved, and expired. One forecast is one instance, not a rate.

The finding
As the rule above reads it: occurred on time, did not occur, or left unscored.
The readers and their sources
Two reader roles read the source named above: Resolver A, clinical methodology; Resolver B, payer evidence. Who adjudicated it is named here, with the sources they read when the adjudication lists them. Being named as a reader means applying the frozen rule to the public record; it is not support for the estimate, the method, or NextConsensus.
The number against its baselines
80% beside three baselines, each scored by the same rule (squared error), so a reader can see how the record did against each of them.

Reasoning

What the number rests on

The facts it was built from are below, as they stood at the cutoff, with every source archived; each baseline above carries the reasoning that produced it. The written mechanism and the conditions that would make the proposition ill-posed were frozen with the record and are held in the ledger, which the hash on this page covers.

Frozen covariatesThe facts about the evidence and the authority's process that were frozen with the forecast at its cutoff

The state of the record at the cutoff

Recorded as they stood on 2026-10-15, including the one field whose value was unknown then. It is left unknown rather than filled in.

review pathway
unknown — not stated in the archived sources (no priority review stated for this NDA, unlike relutrigine). Center CDER is the drafter's understanding, unverified.
submission type
Original NDA (SRC-002, SRC-003).
evidence class
Two Phase 3 pivotal studies in the Essential3 program: Study 1 (double-blind, placebo-controlled parallel-group) and Study 2 (randomized-withdrawal) (SRC-004).
pivotal n
Study 1: 473 patients randomized 1:1; Study 2: 238 patients enrolled (SRC-004).
endpoint type
Clinical/functional: change from baseline in modified Activities of Daily Living 11 (mADL11) at Week 8 (Study 1); proportion maintaining response (Study 2) (SRC-004).
approved competitors in class
Approved ET therapies such as propranolol; off-label primidone (SRC-004). Praxis states ulixacaltamide is the first investigational therapy with a positive Phase 3 program in ET (SRC-001).
months since last guideline revision
not applicable — no guideline is the subject of this proposition
panel cycle position
not applicable — the act is an FDA approval action
sponsor request status
NDA submitted (stated as submitted in the 10-K filed 2026-02-19, SRC-004); FDA acceptance announced April 14, 2026 (SRC-003).
odac referral
Stated not planned: FDA "is not planning to hold an advisory committee meeting" (SRC-003); "The agency confirmed that no advisory committee meeting is planned" (SRC-002).
sponsor state change
None reported.

Sources

Everything the estimate was built from

Each was retrieved on or before the 2026-10-15 cutoff and archived at the digest shown. If a publisher edits a page after the fact, the digest stops matching and the substitution is visible.

  1. SRC-001 Praxis Form 8-K Exhibit 99.1 (Q2 2026 results), filed 2026-08-06. States ulixacaltamide NDA review progressing with PDUFA date January 29, 2027; mid-cycle meeting with no major concerns; no advisory committee planned; BIMO with no Form 483; BTD.

    https://www.sec.gov/Archives/edgar/data/1689548/000168954826000082/praxisq22026pr.htm

    Retrieved 2026-10-01 · sha256 bff42b02a8aad816b42e8753f8d38450f58824590384a117df588cff935a431c

  2. SRC-002 Praxis Form 10-Q for the quarter ended 2026-06-30, filed 2026-08-06. States the NDA for ulixacaltamide HCl for ET was accepted with a PDUFA target action date of January 29, 2027; mid-cycle meeting; no advisory committee planned.

    https://www.sec.gov/Archives/edgar/data/1689548/000168954826000083/prax-20260630.htm

    Retrieved 2026-10-01 · sha256 f62a98ce438254fda9ee738bd36efef3f2cb1f447b27e8eba9277791a3e1fc71

  3. SRC-003 Praxis Form 8-K (Item 8.01), filed 2026-04-14. Announces FDA acceptance of the NDA for ulixacaltamide HCl for essential tremor in adults, PDUFA target action date January 29, 2027, and that FDA is not planning to hold an advisory committee meeting.

    https://www.sec.gov/Archives/edgar/data/1689548/000168954826000033/prax-20260414.htm

    Retrieved 2026-10-01 · sha256 6310b62dfa824816dcbe491340dbcfb958655cc6cace47270f06611ed6e386fc

  4. SRC-004 Praxis Form 10-K for fiscal 2025, filed 2026-02-19. Essential3 design (Study 1: 473 patients; Study 2: 238 patients), endpoints and results; BTD; NDA submitted; competition (propranolol, primidone).

    https://www.sec.gov/Archives/edgar/data/1689548/000168954826000029/prax-20251231.htm

    Retrieved 2026-10-01 · sha256 e825ff049616bd8a8b9171130ce20cda971a1f3301bf968431f46aa855d9cd05

  5. SRC-005 openFDA drugsfda products.active_ingredients.name:"ULIXACALTAMIDE", retrieved 2026-10-01: 404 No matches found.

    https://api.fda.gov/drug/drugsfda.json?search=products.active_ingredients.name:%22ULIXACALTAMIDE%22&limit=100

    Retrieved 2026-10-01 · sha256 57b1e7534d003e4246182162fd2469cdf038de39405056f44fc006715e5496da

  6. SRC-006 openFDA drugsfda products.active_ingredients.name:"ULIXACALTAMIDE HYDROCHLORIDE", retrieved 2026-10-01: 404 No matches found.

    https://api.fda.gov/drug/drugsfda.json?search=products.active_ingredients.name:%22ULIXACALTAMIDE%20HYDROCHLORIDE%22&limit=100

    Retrieved 2026-10-01 · sha256 57b1e7534d003e4246182162fd2469cdf038de39405056f44fc006715e5496da

  7. SRC-007 openFDA drugsfda openfda.generic_name:"ulixacaltamide", retrieved 2026-10-01: 404 No matches found.

    https://api.fda.gov/drug/drugsfda.json?search=openfda.generic_name:%22ulixacaltamide%22&limit=100

    Retrieved 2026-10-01 · sha256 57b1e7534d003e4246182162fd2469cdf038de39405056f44fc006715e5496da