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quantumup @Quantumup1 on x 3518 followers
Created: 2025-07-10 12:11:31 UTC
Stifel reiterated $SLNO Buy-$115 and said " $SLNO reported preliminary 2Q results, including Vykat revenue expectations in the ~$31-$33MM range, and ~646 start-forms from XXX unique prescribers." $AARD $RYTM $ACAD $BIIB $HRMY Stifel additionally said, "In short, we think these numbers look excellent, are well-above investor expectations based on discussions in recent days (on revenues; start-forms generally in-line), and align with our recent bullish survey (LINK) which suggested robust/ broad demand (across peds/adults, specialties, practice settings) and favorable reimbursement dynamics.
We're a little surprised to see a raise given it seemed like they could achieve profitability on pretty reasonable revenue/cost assumptions -- this may act as somewhat of a counter-weight to the encouraging launch numbers, as some investors now question whether near-term M&A is off the table.
We look forward to any color from management on the raise, but ultimately our thesis here doesn't change: we continue to expect a very strong, durable Vykat launch that -- notwithstanding any, in our view, credible M&A optionality -- allows for upside to shares."
XXXXX engagements
Related Topics $25b investment $hrmy $biib $aard $33mm $slno $rytm