Commercial PerformanceVykat XR generated $33MM of net revenue during its first partial quarter of launch, surpassing expectations and demonstrating Soleno management's commercial prowess.
Market ExpansionThere is upside potential from the expected launch in the EU5, with projected sales higher than consensus estimates.
Regulatory AdvantageThe company has been granted Orphan Drug Designation for prolonged-release diazoxide choline in the EU to treat PWS, which could provide up to 10 years of market exclusivity and other regulatory and financial incentives.