Cost And Earnings PressureHigher expected operating expenses and weaker gross margins have prompted analysts to trim price targets and indicate increased pressure on earnings per share.
Litigation OverhangAn unresolved patent challenger and ongoing litigation create a material overhang that could trigger clauses accelerating generic entry and weigh on investor sentiment, per an analyst.
Pipeline UncertaintyThe development pipeline is viewed as early-stage and speculative, limiting confidence in meaningful diversification beyond Wakix and increasing long-term growth uncertainty.