Soleno Therapeutics, a clinical-stage biopharmaceutical company based in Redwood City, California, focuses on developing novel therapeutics for rare diseases, notably DCCR for Prader-Willi syndrome. DCCR, a once-daily oral tablet, recently completed Phase 3 trials and has received Fast-Track and orphan designations in the U.S. and EU.
SLNO has been in the news recently: Soleno Therapeutics Inc. announced a share repurchase program and a $100 million accelerated stock repurchase agreement with Jefferies LLC, leading to an increase in its stock price. Additionally, the company is part of a broader mixed performance in U.S. stocks, as the Dow Jones index rose over 100 points on the same day.
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