Litigation ResolutionThe 3.85% royalty rate on Lumryz sales is seen as a win for Avadel Pharmaceuticals, as it removes litigation overhang and is lower than what investors likely expected.
Market PerformanceThe once-nightly oxybate (Lumryz) has been well received in the market, and it is expected to continue to expand the oxybate market and take additional market share.
Portfolio ExpansionThe strategic licensing agreement with XWPharma to develop and commercialize Valiloxybate is seen as a positive move to broaden Avadel Pharmaceuticals' sleep portfolio.