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Xenon to Highlight Phase 3 X-TOLE2 & Long-Term Data for Azetukalner in Focal Onset Seizures at 2026 AAN Annual Meeting

(Moderate)
(Positive)

Xenon (Nasdaq: XENE) will present five abstracts at the AAN Annual Meeting April 18-22, 2026, including a Late-breaking Science oral and poster of topline Phase 3 X-TOLE2 results for azetukalner in focal onset seizures and a ≥48-month interim analysis from the X-TOLE open-label extension.

Additional presentations cover real-world titration burden, comorbidity impacts, and preclinical NaV1.1 Dravet data; Xenon will staff Booth #2330 in the exhibit hall.

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Positive

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News Market Reaction – XENE

+1.43%
+1.43% Session close to close

In the Apr 7 session, XENE gained 1.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights multiple AAN 2026 presentations, including detailed Phase 3 X-TOLE2 res...
Analysis

This announcement highlights multiple AAN 2026 presentations, including detailed Phase 3 X-TOLE2 results, ≥48‑month open-label extension data, and early-stage NaV1.1 work in Dravet syndrome. It follows the strongly positive X-TOLE2 topline disclosed on Mar 9, 2026, which drove a 49.64% move, and earlier Phase 2 MDD data. Investors may focus on durability of seizure control, long-term safety, and how real-world titration and comorbidity data frame azetukalner’s potential clinical positioning across epilepsy care.

Key Figures

Number of abstracts: 5 abstracts AAN 2026 dates: April 18–22, 2026 Long-term follow-up: ≥48-month data +5 more
8 metrics
Number of abstracts 5 abstracts AAN 2026 presentations for Xenon and azetukalner
AAN 2026 dates April 18–22, 2026 American Academy of Neurology Annual Meeting timeframe
Long-term follow-up ≥48-month data Interim analysis from 7-year X-TOLE open-label extension
X-TOLE OLE duration 7-year study Ongoing open-label extension for azetukalner in focal epilepsy
Oral presentation window 5:36–5:42 pm CT Late-breaking Phase 3 X-TOLE2 oral slot on April 19
Poster session window 5:54–6:15 pm CT Phase 3 X-TOLE2 poster presentation on April 19
Exhibit booth Booth #2330 Xenon presence in AAN 2026 exhibit hall
Session dates April 19–22, 2026 Key days with Xenon oral/poster presentations at AAN

Previous Clinical trial Reports

2 past events · Latest: Mar 09 (Positive)
Same Type Pattern 2 events
Date Event Sentiment 24h Move Catalyst
Mar 09 Phase 3 epilepsy data Positive +49.6% Positive Phase 3 X-TOLE2 FOS results with strong efficacy and safety profile.
May 28 Phase 2 MDD data Positive +0.6% Phase 2 azetukalner data in MDD with meaningful reductions and good tolerability.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical azetukalner updates have historically drawn positive reactions, with an average move of 25.14% and a major 49.64% spike on the X-TOLE2 topline data.

Recent Company History

Recent history centers on azetukalner’s clinical progress. On Mar 9, 2026, Xenon reported positive Phase 3 X-TOLE2 data in focal onset seizures, triggering a 49.64% gain. Earlier, on May 28, 2024, Phase 2 X-NOVA data in major depressive disorder showed meaningful but mixed statistical signals and a modest 0.63% move. Today’s AAN 2026 announcement extends that story with detailed X-TOLE2 results, long-term ≥48‑month data, and additional early-stage epilepsy findings.

Key Terms

focal onset seizures, open-label extension, kv7 channel opener, titration, +4 more
8 terms
focal onset seizures medical
"Phase 3 X-TOLE2 study results for azetukalner in focal onset seizures (FOS)"
Focal onset seizures are seizures that begin in a specific part of the brain and can cause localized symptoms such as brief changes in awareness, unusual sensations, or jerking in one limb; they can sometimes spread to affect the whole brain. Investors care because these seizures define patient groups, influence how drugs and devices are tested and approved, and shape market size, pricing and risk — like a localized outage that requires a targeted fix rather than a whole-system replacement.
open-label extension medical
"48-month azetukalner data from the X-TOLE open label extension study"
An open-label extension is a continuation of a clinical trial where all participants and researchers know which treatment is being given, often after an initial blinded phase. It allows further study of a drug's long-term safety and effectiveness. For investors, it can indicate ongoing interest and confidence in a product's potential, influencing perceptions of its future value.
kv7 channel opener medical
"Azetukalner, a Novel, Potent KV7 Channel Opener, in Adults with Focal Epilepsy"
A Kv7 channel opener is a drug that increases the activity of Kv7 potassium channels — proteins on nerve and muscle cells that act like electrical brakes, helping calm overactive signals. For investors, these drugs matter because they represent a targeted way to treat conditions driven by excess electrical activity (such as certain seizures, pain, or heart rhythm problems), and success in development can meaningfully change a company’s clinical and commercial prospects.
titration medical
"burden of antiseizure medication (ASM) titration and the impact of comorbidities"
Titration is the controlled adjustment of a drug’s dose up or down to find the level that gives the best balance of benefit and side effects for a patient. For investors, titration matters because it influences how easy a medicine is to use, how safe and effective it appears in trials and real-world use, and therefore how broadly it may be prescribed, priced, and accepted by regulators and payers.
nav1.1 medical
"data for its preclinical NaV1.1 program in Dravet syndrome"
Nav1.1 is a specific type of protein that sits in nerve cell membranes and acts like a gate for electrical signals by letting sodium ions pass through. It helps control how nerve cells fire and communicate, so drugs that affect Nav1.1 can change brain or nerve activity. Investors care because therapies targeting this protein can address neurological diseases or pain, and successful drugs or trial results can materially affect a biotech company’s value.
dravet syndrome medical
"NaV1.1 program in Dravet syndrome"
A rare, severe form of epilepsy that begins in infancy and causes frequent, prolonged seizures, developmental delays, and heightened risk of sudden unexplained death. It is caused by genetic changes that disrupt normal brain electrical activity—like a faulty circuit that repeatedly trips—so standard treatments often work poorly. Investors pay attention because the high unmet need, clear genetic target, and regulatory incentives can make therapies for this condition commercially and clinically significant, but trials are often long and costly.
sudep medical
"in Dravet Mice Suppresses Spontaneous Seizures, Prevents SUDEP, and Increases"
Sudden unexpected death in epilepsy (SUDEP) is when a person with epilepsy dies suddenly and without a clear alternate cause, often occurring after a seizure and sometimes during sleep; the exact biological reason is not fully known. For investors, SUDEP is a critical safety and regulatory issue because it shapes clinical trial design, product labeling, approval risk, insurance costs and potential liability for drugs, devices and therapies aimed at treating or monitoring epilepsy—think of it as a high‑priority safety red flag that can alter a product’s market path.
long term potentiation medical
"Prevents SUDEP, and Increases Long Term PotentiationSession: S19"
Long term potentiation is a biological process where repeated activity strengthens the connection between two nerve cells, making future signaling between them easier — like a footpath becoming clearer and quicker to follow the more it is used. Investors care because LTP underlies learning and memory and is a target for drugs or devices aimed at cognitive disorders; advances can signal potential for new therapies, patents, or marketable diagnostics.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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  • Five abstracts accepted including Late-breaking Science oral and poster presentations of Phase 3 X-TOLE2 study results for azetukalner in focal onset seizures
  • Poster presentations also include long-term efficacy and safety data from X-TOLE open-label extension study of azetukalner, as well as real-world data regarding the burden of titration and need for no-titration options in epilepsy

VANCOUVER, British Columbia and BOSTON, MA, April 07, 2026 (GLOBE NEWSWIRE) -- Xenon Pharmaceuticals Inc. (Nasdaq: XENE), a neuroscience-focused biopharmaceutical company dedicated to drug discovery, clinical development and commercialization of life-changing therapeutics for patients in need, today announced multiple presentations at the upcoming American Academy of Neurology (AAN) Annual Meeting, taking place April 18-22, 2026 in Chicago, Illinois. Five abstracts will be presented, including a Late-breaking Science oral and poster presentation of the topline Phase 3 X-TOLE2 study results for azetukalner in focal onset seizures (FOS), as well as a poster presentation of long-term 48-month azetukalner data from the X-TOLE open label extension study. The Company will also present real-world data highlighting unmet needs in epilepsy, including patient and clinician perspectives on the burden of antiseizure medication (ASM) titration and the impact of comorbidities in epilepsy, as well as data for its preclinical NaV1.1 program in Dravet syndrome.

Efficacy & Safety Data for Azetukalner in Focal Onset Seizures

  • Oral & Poster Presentation #7: Results from the Phase 3 X-TOLE2 Study Evaluating Azetukalner, a Novel, Potent KV7 Channel Opener, in Adults with Focal Onset Seizures (FOS)
    Session: LS1 – Late-breaking Science Session 1
    Date & Time: Sunday, April 19, 5:36-5:42 pm CT; Poster presentation to follow from 5:54 pm-6:15 pm CT
  • Poster Presentation #10-001: Azetukalner, a Novel, Potent KV7 Channel Opener, in Adults with Focal Epilepsy: ≥48-Month Interim Analysis of the Ongoing 7-Year X-TOLE Open-Label Extension
    Session: P11 – Poster Session 11
    Date & Time: Wednesday, April 22, 11:45-12:45 pm CT

Real-World Epilepsy Data

  • Poster Presentation #11-007: Treatment Experiences with Anti-seizure Medications (ASMs): Patient–Clinician Perspectives on Titration Burden, Quality of Life, and No-Titration Options
    Session: P3 – Poster Session 3
    Date & Time: Sunday, April 19, 5:00-6:00 pm CT
  • Oral Presentation #002: Examining the Impact of Comorbid Depression on Healthcare Utilization, Cost, and Outcomes in Patients with Newly Diagnosed Epilepsy in the US
    Session: S41 – Epilepsy: Public Health and Epidemiology
    Date & Time: Wednesday, April 22, 1:12-1:24 pm CT

Early-Stage Epilepsy Data

  • Oral Presentation #004: Selective Potentiation of NaV1.1 Channels by Small Molecule XPC-837 in Dravet Mice Suppresses Spontaneous Seizures, Prevents SUDEP, and Increases Long Term Potentiation
    Session: S19 – Emerging Therapies in Child Neurology
    Date & Time: Monday, April 20, 4:06-4:18 pm CT

Exhibit Hall
Xenon is hosting Booth #2330 in the AAN Exhibit Hall, which is scheduled to open at 11:30 am CT on Sunday, April 19 and close on Wednesday, April 22 at 4:00 pm CT. For more information about Xenon’s planned participation at AAN 2026, please visit this link. Posters will be available after the live presentations.

About Xenon Pharmaceuticals Inc.
Xenon Pharmaceuticals (Nasdaq: XENE) is a neuroscience-focused biopharmaceutical company dedicated to drug discovery, clinical development, and commercialization of life-changing therapeutics for patients in need. Xenon’s lead molecule, azetukalner, is a novel, potent, selective KV7 potassium channel opener in Phase 3 clinical trials for the treatment of epilepsy, major depressive disorder (MDD), and bipolar depression (BPD). Xenon is also advancing an early-stage portfolio of multiple promising potassium and sodium channel modulators, including KV7 and NaV1.7 programs in Phase 1 development for the potential treatment of pain. Xenon has offices in Vancouver, British Columbia, and Boston, Massachusetts. For more information, visit www.xenon-pharma.com and follow us on LinkedIn and X.

Xenon and the Xenon logo are registered trademarks or trademarks of Xenon Pharmaceuticals Inc. in the US, Canada, and elsewhere. All other trademarks belong to their respective owner.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and Canadian securities laws. These forward-looking statements are not based on historical fact, and include statements regarding the timing of and potential results from clinical studies; the potential efficacy, safety profile, future development plans in current and anticipated indications, addressable market, regulatory success, and commercial potential of our and our partners’ product candidates; the efficacy of our clinical study designs; our ability to successfully develop and achieve milestones in our azetukalner and other pipeline and development programs, including the anticipated filing of investigational new drug applications and NDAs; the timing and results of our interactions with regulators, including the timing of any NDA submission; our ability to successfully develop and obtain regulatory approval of azetukalner and our other product candidates; and anticipated timing of topline data readout from our clinical studies of azetukalner. These forward-looking statements are based on current assumptions that involve risks, uncertainties and other factors that may cause the actual results, events, or developments to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties, many of which are beyond our control, include, but are not limited to: clinical studies may not demonstrate safety and efficacy of any of our or our collaborators’ product candidates; promising results from pre-clinical development activities or early clinical study results may not be replicated in later clinical studies; our assumptions regarding our planned expenditures and sufficiency of our cash to fund operations may be incorrect; our ongoing discovery and pre-clinical efforts may not yield additional product candidates; any of our or our collaborators’ product candidates, including azetukalner, may fail in development, may not receive required regulatory approvals, or may be delayed to a point where they are not commercially viable; we may not achieve additional milestones in our proprietary or partnered programs; regulatory agencies may impose additional requirements or delay the initiation or completion of clinical studies; the impact of market, industry, and regulatory conditions on clinical study enrollment; the impact of competition; the impact of expanded product development and clinical activities on operating expenses; the impact of new or changing laws and regulations; the impact of unstable economic conditions in the general domestic and global economic markets; adverse conditions from geopolitical events; as well as the other risks identified in our filings with the U.S. Securities and Exchange Commission and the securities commissions in British Columbia, Alberta, and Ontario. These forward-looking statements speak only as of the date hereof and we assume no obligation to update these forward-looking statements, and readers are cautioned not to place undue reliance on such forward-looking statements.

Contacts:
For Investors: 
Tucker Kelly 
Chief Financial Officer 
investors@xenon-pharma.com 

For Media: 
Colleen Alabiso 
Senior Vice President, Corporate Affairs 
media@xenon-pharma.com


FAQ

What Phase 3 X-TOLE2 azetukalner data will Xenon (XENE) present at AAN 2026?

Xenon will present topline Phase 3 X-TOLE2 efficacy and safety results in a Late-breaking Science oral and poster. According to the company, the presentation is scheduled for Sunday, April 19, 5:36-5:42 pm CT with a poster to follow that evening.

When and where is the ≥48-month X-TOLE open-label extension poster for azetukalner (XENE)?

The ≥48-month interim X-TOLE poster is scheduled for Wednesday, April 22, 11:45-12:45 pm CT in Poster Session P11. According to the company, this will report long-term efficacy and safety data from the ongoing 7-year extension study.

What real-world epilepsy topics will Xenon (XENE) present at AAN 2026?

Xenon will present patient and clinician perspectives on ASM titration burden, quality of life, and no-titration options in a poster session. According to the company, that poster appears on Sunday, April 19, 5:00-6:00 pm CT in Poster Session P3.

How can investors access Xenon's (XENE) AAN 2026 materials and presentations?

Posters will be available after live presentations and Xenon will staff Booth #2330 in the exhibit hall April 19-22. According to the company, additional participation details are available via its AAN meeting information link.

What is the development status of azetukalner and other Xenon (XENE) programs presented at AAN 2026?

Azetukalner is in Phase 3 trials for focal onset seizures, and Xenon is advancing preclinical NaV1.1 and Phase 1 KV7/NaV1.7 programs. According to the company, presentations include clinical, long-term extension, real-world, and preclinical data.