Have you got the latest firmware on your panorama (Panorama_P6_FW_V011403.bin is the last file i can see on my machine)? My bet would be that.
Also are you running the latest (1.3.85) beta of Nektarine?
That’s what i’m running.
Also are you copying
I’ve had some oddities when setting up in the past and had to reflash the firmware, or do a factory reset - and that sorted out any initial install problems. Only the once though, when i moved from Logic (Mac) to Cubase (Win10).