Hardman & Co Research: Closely watching the regulators

Diurnal is a commercial-stage specialty pharmaceutical company focused on diseases of the endocrine system. Its products are targeting rare conditions where medical need is currently unmet, with the long-term aim of building an "Adrenal Franchise". Alkindi(R) is being rolled out throughout Europe, and recent approvals in Israel and Australia will open up more markets. Later this month, attention will focus on the FDA, with the approaching PDUFA date for Alkindi. Next year should see the first approval of Chronocort in Europe. Based on current assumptions and expectations, Diurnal has sufficient cash through to profitability.

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