- Shares of Jazz Pharmaceuticals have been under pressure in the last few months on what appears to be investor concern about the durability of the company’s narcolepsy franchise.
- The threats are real - new narcolepsy drugs and primarily Xyrem going generic in 2023, and the high debt burden is a related problem.
- However, the threats appear addressable to some extent through Xywav.
- There are growth opportunities outside of narcolepsy that can make up for lost narcolepsy sales and that could drive long-term growth.
For further details see:
Jazz Pharmaceuticals: Narcolepsy Franchise Concerns Weigh On Investor Sentiment