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Sep 30, 2024

Soleno Therapeutics Q3 2024 Earnings Report

Soleno Therapeutics reported financial results for Q3 2024 and provided a corporate update.

Key Takeaways

Soleno Therapeutics reported a net loss of $76.6 million for the third quarter ended September 30, 2024. The FDA accepted the NDA for DCCR with a PDUFA target action date of December 27, 2024.

The FDA accepted the NDA for DCCR (diazoxide choline) extended-release tablets for the treatment of Prader-Willi syndrome (PWS) and granted Priority Review.

The FDA's target action date is December 27, 2024.

Soleno appointed Dawn Carter Bir to its Board of Directors and Matthew Pauls assumed the role of Lead Independent Director.

Soleno mourned the passing of former Chairman of the Board Ernest Mario.

Total Revenue
$0
0
EPS
-$1.83
Previous year: -$0.95
+92.6%
Gross Profit
-$500K
Previous year: -$557K
-10.2%
Cash and Equivalents
$48.4M
Previous year: $52.4M
-7.7%
Free Cash Flow
-$15.1M
Previous year: -$6.33M
+138.7%
Total Assets
$297M
Previous year: $63.5M
+366.9%

Soleno Therapeutics

Soleno Therapeutics

Forward Guidance

This press release contains forward-looking statements regarding the timing of any regulatory process or ultimate approvals and determining a path forward for DCCR for the treatment of PWS.