Commercial Concentration RiskReliance on a single meaningful commercial product leaves the company vulnerable to significant valuation pressure if Wakix exclusivity is eroded, given limited diversification of revenue sources.
Legal Overhang From LitigationAn unresolved patent challenger and ongoing litigation create a material overhang that could overturn settlements or accelerate generic entry, weighing on investor sentiment and future revenue visibility.
Profitability And Expense PressureRising operating expenses and weaker gross margins have led to earnings shortfalls that increase scrutiny on profitability and could prompt analysts to adopt more conservative financial assumptions.