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Xenon Announces Azetukalner NDA Submission to FDA for Focal Seizures and Provides Update on ...

Xenon said the pause was a precaution after side effects in psychiatry studies, and shares fell more than 20% in after-hours trading.

  • Xenon Pharmaceuticals on Thursday paused enrolling new patients in clinical studies testing its experimental drug for major depression and bipolar disorder following reports of mental and nervous system-related side effects.
  • The voluntary pause follows reports of confusion, speech difficulties, and motor coordination issues, with company executives reporting a 'very small number' of cases classified as 'psychosis.'
  • Chief Medical Officer Christopher Kenney reported the rate was 'hovering around 1% or under,' adding that these events were short in duration and reversible without long-term negative effects.
  • Shares of the drug developer tumbled more than 25% in after-hours trading, though patients already enrolled in the trials will continue their treatment.
  • Xenon is evaluating dose adjustments to improve tolerability while confirming the pause does not impact its epilepsy program, for which it submitted a Food and Drug Administration application.
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Simcoe.com broke the news on Thursday, September 17, 2026.
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