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Stock impact report

Axsome Therapeutics: A Conditional Buy Built On SG&A Discipline [Seeking Alpha]

Axsome Therapeutics, Inc. (AXSM) 
Last axsome therapeutics, inc. earnings: 3/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: axsome.com
Company Research Source: Seeking Alpha
Revenue visibility anchors downside risk; the investment thesis pivots to execution—specifically, controlling SG&A growth relative to incremental pipeline-driven revenue. Pipeline opportunities in Alzheimer's agitation and narcolepsy could conservatively add $375M+ in annual revenue, but value creation hinges on SG&A discipline. AXSM is a narrow but defensible buy, contingent on SG&A growth staying below 40% of incremental revenue to unlock operating leverage. Richard Drury/DigitalVision via Getty Images Introduction: Axsome's Investment Question Has Changed Axsome Therapeutics ( AXSM ) develops CNS drugs and has three marketed products. These are Auvelity for major depressive disorder, Sunosi for excessive daytime sleepiness in narcolepsy and obstructive sleep apnea, and This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the nex Show less Read more
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