CompetitionWith the entrance of Harmony Biosciences into the orexin market, the competition has become even more crowded.
Financial Performance1Q24 results were softer-than-expected on the top and bottom line, with revenues and non-GAAP EPS missing consensus estimates.
Product PerformanceAll three core products, including Vivitrol, Aristada, and Lybalvi, experienced inventory destocking which likely impacted quarterly performance.