Soleno Therapeutics Q2 2023 Earnings Report
Key Takeaways
Soleno Therapeutics reported a net loss of $8.5 million for the second quarter of 2023. The company's research and development expenses were $5.1 million, and general and administrative expenses were $3.2 million. As of June 30, 2023, Soleno had cash and cash equivalents of approximately $19.4 million.
Completed enrollment in the randomized withdrawal period of Study C602 for Prader-Willi syndrome (PWS).
Top-line data from Study C602 is expected around the end of third quarter 2023.
Received $10 million in connection with closing of December 2022 Securities Purchase Agreement (SPA).
Net loss for the quarter was $8.5 million, or $0.81 per share.
Soleno Therapeutics
Soleno Therapeutics
Forward Guidance
The press release contains forward-looking statements regarding the closing of the warrant financing under the Securities Purchase Agreement, the receipt of top-line data from the randomized withdrawal period, and the timing of any regulatory process or ultimate approvals and determining a path forward for DCCR for the treatment of PWS.