Ongoing Patent LitigationAn unresolved patent challenger and a bench trial over a polymorph patent create legal uncertainty that could enable earlier generic entry and pressure Wakix exclusivity.
Product Concentration RiskWakix remains the company’s primary commercial product, so any erosion of its exclusivity would materially reduce revenue visibility and company valuation.
Profitability And Operating CostsHigher operating expenses and weaker gross margins have lowered earnings expectations and prompted analysts to trim price targets, highlighting margin and spending risk.