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Soleno Therapeutics Inc

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Soleno Therapeutics (NASDAQ: SLNO) is a biopharmaceutical company focused on the development and commercialization of therapies for rare diseases. Its lead product is VYKAT XR (diazoxide choline extended-release tablets), a treatment for Prader-Willi syndrome. The company received FDA approval for VYKAT XR and has been advancing commercialization in the United States as of FY2025, per the 10-K filed 2026-02-25. Revenue is generated through prescription drug sales of VYKAT XR to patients with Prader-Willi syndrome, a rare genetic disorder. Soleno is also pursuing regulatory pathways for VYKAT XR (referred to as DCCR outside the U.S.) in markets outside the United States. The company operates in the orphan drug segment of the biopharmaceutical industry, where regulatory exclusivity and small patient populations define the competitive environment.

Products & Services

VYKAT XR (diazoxide choline extended-release tablets), an FDA-approved treatment for Prader-Willi syndrome. Previously referred to as DCCR during clinical development. International regulatory path for DCCR outside the U.S. is ongoing as of the FY2025 10-K.

Revenue Model

Prescription drug sales of VYKAT XR (diazoxide choline extended-release tablets) in the United States. International commercialization of DCCR is a stated objective but not confirmed as generating revenue in the FY2025 filing excerpts.

Customers & Markets

Patients diagnosed with Prader-Willi syndrome, a rare genetic disorder. End market is the orphan/rare disease segment of the pharmaceutical market.

Geographic Exposure

United States (primary commercial market as of FY2025). International regulatory activities for DCCR noted in the 10-K filed 2026-02-25, but no confirmed international commercial revenue in the excerpts provided.

Financial Snapshot

Revenue
TTM
$285.0M
Gross Margin
TTM
98.48%
Net Income
TTM
$95.63M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
562.24%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
495.8M
Cash
2026 Q1
P/E
TTM
28.89
Free Cash Flow
TTM
$105.4M

Stock Price

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Market Cap: $2.7629 Billion

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