Soleno Therapeutics stock skyrockets 500% on Prader-Willi trial result

27 September 2023

US biopharma Soleno Therapeutics (Nasdaq: SLNO) saw its market capitalization leap five-fold yesterday, with the shares hitting $26.80, after it announced promising research results for its lead pipeline candidate, which has encountered previous setbacks.

Soleno released positive top-line results from the randomized withdrawal period of Study C602, a long-term treatment study of DCCR (diazoxide choline) extended-release tablets for the treatment of Prader-Willi syndrome (PWS).

Key top-line results:

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