Oppenheimer analyst Leland Gershell raised the firm’s price target on Soleno Therapeutics to $47 from $44 and keeps an Outperform rating on the shares. The firm continues to see upside following exceptional 2023 performance. This quarter, Oppenheimer expects to hear that the FDA has given Soleno a green light to submit DCCR’s NDA for Prader-Willi syndrome, on track for a mid-year submission. A six-month review could yield an approval by year-end, and the firm anticipates strong commercial demand to drive a brisk U.S, launch.
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