Soleno Therapeutics' MAA for DCCR to treat Prader-Willi syndrome has been validated by the EMA, advancing regulatory approval efforts.
Quiver AI Summary
Soleno Therapeutics, Inc. announced that the European Medicines Agency has validated its Marketing Authorization Application for Diazoxide Choline Prolonged-Release Tablets, previously known as DCCR, aimed at treating hyperphagia in individuals aged four and older with Prader-Willi syndrome (PWS). CEO Anish Bhatnagar emphasized the importance of this milestone for the PWS community in the EU, highlighting that DCCR has the potential to address hyperphagia, a critical symptom of the disorder. There are approximately 9,500 PWS patients across five major European countries. Soleno has received Orphan Drug Designation for DCCR in the EU, which could grant it up to ten years of market exclusivity. DCCR is already approved in the U.S. under the brand name VYKAT™ XR since March 2025.
Potential Positives
- Soleno Therapeutics' Marketing Authorization Application for Diazoxide Choline Prolonged-Release Tablets has been validated by the European Medicines Agency, marking a significant step towards potential regulatory approval in the EU.
- The company has received Orphan Drug Designation for diazoxide choline in the EU, potentially granting it up to 10 years of market exclusivity and additional regulatory incentives upon approval.
- DCCR was successfully approved by the U.S. FDA under the brand name VYKAT™ XR in March 2025, establishing market presence in the U.S. for a treatment targeting hyperphagia associated with Prader-Willi syndrome.
- The press release highlights an estimated patient population of approximately 9,500 in key European markets, presenting a significant commercial opportunity for Soleno if approved in the EU.
Potential Negatives
- The press release highlights the potential risks associated with using VYKAT XR, including serious adverse reactions such as hyperglycemia, edema, and fluid overload, which could deter potential patients and healthcare providers.
- The company provides a lengthy disclaimer about the forward-looking statements, indicating uncertainty in timelines and market opportunities, which may lead to skepticism from investors and stakeholders about the future performance of the product.
- The reliance on Orphan Drug Designation and the expectation of regulatory incentives may suggest that the company's market potential hinges heavily on government support, raising concerns about sustainability in a competitive market.
FAQ
What is the purpose of Soleno's MAA validation?
Soleno's MAA validation aims to seek regulatory approval for Diazoxide Choline Prolonged-Release Tablets for treating Prader-Willi syndrome (PWS).
What is VYKAT XR and its indication?
VYKAT XR, previously DCCR, is approved to treat hyperphagia in patients aged four and older with Prader-Willi syndrome.
How many patients with PWS are estimated in Europe?
Approximately 9,500 patients with PWS are estimated to reside in the United Kingdom, France, Germany, Italy, and Spain combined.
What are the potential risks associated with VYKAT XR?
Potential risks include hyperglycemia, fluid overload, and common adverse reactions like hypertrichosis and edema.
What does the Orphan Drug Designation for diazoxide choline provide?
The designation offers market exclusivity of up to 10 years in the EU alongside various regulatory incentives if approved.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SLNO Insider Trading Activity
$SLNO insiders have traded $SLNO stock on the open market 84 times in the past 6 months. Of those trades, 0 have been purchases and 84 have been sales.
Here’s a breakdown of recent trading of $SLNO stock by insiders over the last 6 months:
- OPPORTUNITY, LLC VIVO has made 0 purchases and 3 sales selling 1,833,557 shares for an estimated $124,449,124.
- BHATNAGAR ANISH (CHIEF EXECUTIVE OFFICER) has made 0 purchases and 15 sales selling 720,186 shares for an estimated $48,237,475.
- PATRICIA C HIRANO (SEE REMARKS) has made 0 purchases and 20 sales selling 163,127 shares for an estimated $11,113,218.
- JAMES H MACKANESS (CHIEF FINANCIAL OFFICER) has made 0 purchases and 14 sales selling 98,496 shares for an estimated $6,653,637.
- KRISTEN YEN (SEE REMARKS) has made 0 purchases and 13 sales selling 100,360 shares for an estimated $6,599,272.
- MEREDITH MANNING (Chief Commercial Officer) has made 0 purchases and 9 sales selling 45,249 shares for an estimated $3,044,342.
- MICHAEL F. HUANG (Sr. VP of Clinical Development) has made 0 purchases and 9 sales selling 14,583 shares for an estimated $1,013,627.
- MATTHEW PAULS sold 5,937 shares for an estimated $424,797
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SLNO Hedge Fund Activity
We have seen 140 institutional investors add shares of $SLNO stock to their portfolio, and 87 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NANTAHALA CAPITAL MANAGEMENT, LLC removed 2,171,943 shares (-55.3%) from their portfolio in Q1 2025, for an estimated $155,185,327
- VIVO CAPITAL, LLC removed 1,833,557 shares (-29.1%) from their portfolio in Q1 2025, for an estimated $131,007,647
- ADAGE CAPITAL PARTNERS GP, L.L.C. added 1,616,720 shares (+58.2%) to their portfolio in Q1 2025, for an estimated $115,514,644
- FMR LLC added 1,420,446 shares (+174.7%) to their portfolio in Q1 2025, for an estimated $101,490,866
- VESTAL POINT CAPITAL, LP removed 1,060,000 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $75,737,000
- POINT72 ASSET MANAGEMENT, L.P. added 915,995 shares (+inf%) to their portfolio in Q1 2025, for an estimated $65,447,842
- PRICE T ROWE ASSOCIATES INC /MD/ added 769,700 shares (+47.2%) to their portfolio in Q1 2025, for an estimated $54,995,065
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SLNO Analyst Ratings
Wall Street analysts have issued reports on $SLNO in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Guggenheim issued a "Buy" rating on 03/28/2025
- Laidlaw issued a "Buy" rating on 03/27/2025
- Cantor Fitzgerald issued a "Overweight" rating on 03/27/2025
- H.C. Wainwright issued a "Buy" rating on 12/02/2024
To track analyst ratings and price targets for $SLNO, check out Quiver Quantitative's $SLNO forecast page.
$SLNO Price Targets
Multiple analysts have issued price targets for $SLNO recently. We have seen 4 analysts offer price targets for $SLNO in the last 6 months, with a median target of $91.5.
Here are some recent targets:
- Debjit Chattopadhyay from Guggenheim set a target price of $81.0 on 03/28/2025
- An analyst from Robert W. Baird set a target price of $102.0 on 03/27/2025
- An analyst from UBS set a target price of $105.0 on 03/27/2025
- Raghuram Selvaraju from H.C. Wainwright set a target price of $70.0 on 12/02/2024
Full Release
REDWOOD CITY, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced that Soleno’s Marketing Authorization Application (MAA) seeking regulatory approval of Diazoxide Choline Prolonged-Release Tablets (previously referred to as DCCR) for the treatment of adults and children four years and older with Prader-Willi syndrome (PWS) who have hyperphagia had been validated by the European Medicines Agency (EMA).
“The validation of our MAA represents the next significant milestone in our mission to deliver this important therapy to the broad PWS community, including those in the EU,” said Anish Bhatnagar, M.D., Chairman and Chief Executive Officer of Soleno Therapeutics. “Based on the data generated, DCCR has the potential to help treat hyperphagia, which is the most life-limiting aspect of PWS. We look forward to working closely with European regulators during the review process and intend to make DCCR available to patients in the EU as expeditiously as possible, if approved.”
Soleno estimates that there are approximately 9,500 patients with PWS in the United Kingdom, France, Germany, Italy and Spain combined 1 . The Company has been granted Orphan Drug Designation for diazoxide choline in the EU for the treatment of PWS, which could provide Soleno with up to 10 years of market exclusivity in the EU, if approved, in addition to certain other regulatory and financial incentives.
DCCR was approved by the U.S. Food and Drug Administration (FDA) under the brand name VYKAT™ XR on March 26, 2025.
About PWS
Prader-Willi syndrome (PWS) is a rare genetic neurodevelopmental disorder caused by an abnormality in the gene expression on chromosome 15.
The Prader-Willi Syndrome Association USA estimates that PWS occurs in one in every 15,000 live births. The defining symptom of PWS is hyperphagia, a chronic and life-threatening condition characterized by an intense persistent sensation of hunger accompanied by food preoccupations, an extreme drive to consume food, food-related behavior problems, and a lack of normal satiety, which can severely diminish the quality of life for individuals with PWS and their families. Hyperphagia can lead to significant mortality (e.g., stomach rupture, choking, accidental death due to food seeking behavior) and longer term, co-morbidities such as diabetes, obesity, and cardiovascular disease.
U.S. INDICATION
VYKAT XR is indicated in the U.S. for the treatment of hyperphagia in adults and pediatric patients 4 years of age and older with Prader-Willi syndrome (PWS).
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1 Based on mid-point of Orphanet Birth Prevalence rate of 1 in 15,000 to 30,000
IMPORTANT SAFETY INFORMATION
Contraindications
Use of VYKAT XR is contraindicated in patients who have a known hypersensitivity to diazoxide, other components of VYKAT XR, or to thiazides.
Warnings and Precautions
Hyperglycemia
Hyperglycemia, including diabetic ketoacidosis, has been reported. Before initiating VYKAT XR, test fasting plasma glucose (FPG) and HbA1c; optimize blood glucose in patients who have hyperglycemia. During treatment, regularly monitor fasting glucose (FPG or fasting blood glucose) and HbA1c. Monitor fasting glucose more frequently during the first few weeks of treatment in patients with risk factors for hyperglycemia.
Risk of Fluid Overload
Edema, including severe reactions associated with fluid overload, has been reported. Monitor for signs or symptoms of edema or fluid overload. VYKAT XR has not been studied in patients with compromised cardiac reserve and should be used with caution in these patients.
Adverse Reactions
The most common adverse reactions (incidence ≥10% and at least 2% greater than placebo) included hypertrichosis, edema, hyperglycemia, and rash.
Please see the full Prescribing Information, including Medication Guide .
About Soleno Therapeutics, Inc.
Soleno is focused on the development and commercialization of novel therapeutics for the treatment of rare diseases. The company’s first commercial product, VYKAT XR (diazoxide choline) extended-release tablets, formerly known as DCCR, is a once-daily oral treatment for hyperphagia in adults and children 4 years of age and older with Prader-Willi syndrome and was approved by the U.S. Food and Drug Administration (FDA) on March 26, 2025. For more information, please visit
www.soleno.life
.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release are forward-looking statements, including statements regarding the regulatory approval process for Diazoxide Choline Prolonged-Release Tablets in the EU, the timing of commercialization of Diazoxide Choline Prolonged-Release Tablets in the EU, the potential market opportunity for Diazoxide Choline Prolonged-Release Tablets and the ability of Diazoxide Choline Prolonged-Release Tablets to address the unmet needs of the PWS community. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions, including those described in the company's prior press releases and in the periodic reports it files with the SEC. The events and circumstances reflected in the company's forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. Except as required by applicable law, the company does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
Corporate Contact:
Brian Ritchie
LifeSci Advisors, LLC
212-915-2578
Media Contact:
[email protected]