Avadel Pharmaceuticals Plc (AVDL)

[Paullee]

Jefferies did a KOL call on Friday with a doc who has 150 patients. So far 20 are on LUMRYZ. (no quits).Most are switch patients from both (1/3) Xyzeme and (1/3)Xywav and 1/3 new. It is now his opinion that LUMRYZ will be his Oxybate of choice.
Now that he understands the paper work requirements, it only takes 2-3 weeks to get his patients approved for insurance. In fact, he even has 1 IH patient (off label) using it and the insurance company has approved it.. He will only recommend Xywav for patients that have salt issues.
Based on that call Jefferies raised their target to 22 from 18.