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Soleno Therapeutics

soleno.life ↗ · West Coast

FDA-approved therapeutic company Clinical Phase 3

Keywords: rare disease rare diseases Prader-Willi Syndrome sickle cell disease SH2B1 Deficiency Obesity Obesity Associated With PCSK1 Mutation (rs6232 Variant) SIM1 Deficiency Obesity

$200.0MRaised (2 yrs)7Trials (company is sponsor)1FDA records (2 yrs)3NIH grants

Timeline

  1. Trial start —: Observational Study of VYKAT™ XR in Patients With Prader-Willi Syndrome source ↗
  2. Raise Follow-on offering: $200M (total, as published), announced Jul 10, 2025. Source: SEC filing. source ↗
  3. FDA FDA Original approval: VYKAT XR (diazoxide choline) — NDA216665, Mar 26, 2025. Applicant at approval: Soleno Therapeutics, Inc. source ↗
  4. Debt Debt: $200M (not counted as a raise), announced Dec 17, 2024. Source: SEC filing. source ↗
  5. Trial start Phase 3: Open-Label Extension Study of DCCR in Patients With Prader-Willi Syndrome source ↗
  6. Trial start Phase 2: An Open-Label Study of Diazoxide Choline in Patients With Genetic Obesities source ↗
  7. Trial start Phase 3: An Open-Label Study of DCCR Tablet in Patients With PWS source ↗
  8. Trial start —: PWS Outcomes Assessment Study source ↗
  9. Trial start Phase 3: Open-Label Extension Study of DCCR in PWS Followed by Double-Blind, Placebo-Controlled, Randomized Withdrawal Period source ↗
  10. Trial start Phase 3: A Study of Diazoxide Choline in Patients With Prader-Willi Syndrome source ↗

Upcoming milestones

Estimated primary completion per ClinicalTrials.gov. Dates move.

Funding

Raised: $200.0M · Debt: $200.0M. Last 2 years.

Clinical trials (lead sponsor) 7

RecordTitlePhaseStatusStartPrimary completion
NCT07450664Observational Study of VYKAT™ XR in Patients With Prader-Willi SyndromeNot listedEnrolling by invitationNov 26, 20252028-03 (estimated)
NCT05701774Open-Label Extension Study of DCCR in Patients With Prader-Willi SyndromePhase 3Active, not recruitingJan 31, 20232028-06 (estimated)
NCT04102839PWS Outcomes Assessment StudyNot listedCompletedJul 15, 2019Jun 8, 2021 (actual)
NCT03714373Open-Label Extension Study of DCCR in PWS Followed by Double-Blind, Placebo-Controlled, Randomized Withdrawal PeriodPhase 3CompletedOct 1, 2018Aug 17, 2023 (actual)
NCT03440814A Study of Diazoxide Choline in Patients With Prader-Willi SyndromePhase 3CompletedMay 9, 2018May 1, 2020 (actual)
NCT05532020An Open-Label Study of Diazoxide Choline in Patients With Genetic ObesitiesPhase 2Unknown status (ClinicalTrials.gov)2023-012024-01 (estimated)
NCT04086810An Open-Label Study of DCCR Tablet in Patients With PWSPhase 3Withdrawn2019-102019-10 (estimated)

FDA records (last 2 years)

NIH awards 3

Annual award amounts. Total $2.3M.

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