Soleno Therapeutics (SLNO) Soars 4.34% on FDA Approval

Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 23, 2025 6:35 pm ET1min read

Soleno Therapeutics (SLNO) shares surged to a record high today, with an intraday gain of 4.34%. The stock has been on a winning streak, rising 1.22% today and 4.85% over the past two days.

Soleno Therapeutics has recently secured FDA approval for its treatment, VYKAT XR, designed for hyperphagia in patients with Prader-Willi syndrome. This approval marks a significant milestone for the company, as it allows the drug to be made available to patients in the United States. The approval is expected to boost investor confidence and potentially drive further stock price appreciation.

In addition to the FDA approval,

is scheduled to report its first-quarter 2025 financial results on May 7, 2025. This upcoming earnings report is anticipated to provide insights into the company's financial performance and operational progress, which could influence investor sentiment and impact the stock price.

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