United States securities and exchange commission logo
October 6, 2020
Marcio Souza
Chief Executive Officer
Praxis Precision Medicines, Inc.
One Broadway, 16th Floor
Cambridge, MA 02142
Re: Praxis Precision
Medicines, Inc.
Registration
Statement on Form S-1
Filed September 25,
2020
File No. 333-249074
Dear Mr. Souza:
We have reviewed your registration statement and have the
following comment. In our
comment, we may ask you to provide us with information so we may better
understand your
disclosure.
Please respond to this letter by amending your registration
statement and providing the
requested information. If you do not believe our comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell
us why in your
response.
After reviewing any amendment to your registration statement and
the information you
provide in response to the comment, we may have additional comments.
Registration Statement on Form S-1
License Agreement with RogCon, page 161
1. We note your response
to prior comment 1. Please further revise your disclosure to define
"Additional Milestone
Payments" and clarify your reference to all such payments
becoming due under your
collaboration agreement with Ionis.
We remind you that the company and its management are
responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of
action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration.
Please allow adequate
time for us to review any amendment prior to the requested effective
date of the registration
statement.
Marcio Souza
Praxis Precision Medicines, Inc.
October 6, 2020
Page 2
You may contact Gary Newberry at 202-551-3761 or Kate Tillan at
202-551-3604 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Courtney Lindsay at 202-551-7237 or Christine Westbrook at 202-551-5019
with any
other questions.
Sincerely,
FirstName LastNameMarcio Souza
Division of Corporation
Finance
Comapany NamePraxis Precision Medicines, Inc.
Office of Life Sciences
October 6, 2020 Page 2
cc: William D. Collins, Esq.
FirstName LastName