Axsome Therapeutics' Strong Market Position and Growth Potential Highlighted by Impressive Auvelity Performance and Strategic ExpansionWe do not believe that investors had significant expectations above consensus for Auvelity into the update today and product uptake continues to outpace the broader antidepressant market; thus, we expect the slight beat will come as a nice update for investors. Uptake for Auvelity continues to look solid, with average wkly NBRx numbers up ~35% since the sales force expansion earlier this year, and up ~50% in the PCP segment in particular, which we and mgmt see as a key growth driver for the product. Overall, we see Auvelity as poised for continued growth in the near-term as the company continues to penetrate the large PCP segment of the prescriber base, and we continue to model ~$2.5B in peak sales in MDD.