Financial ConstraintsAvadel's ongoing cash burn and limited cash reserves suggest financial constraints.
Patient DiscontinuationDiscontinuation rates are higher among new to narcolepsy population, driven by adverse events such as nausea, vomiting, and dizziness.
Sales ForecastGuided 2025 $240-260M LUMRYZ sales were 13-15% below our/Street $293/289M, which is driven by different patient mix than expected.