Sector: Healthcare | Industry: Pharmaceuticals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 630 W Germantown Pike, Suite 215 PLYMOUTH MEETING PA 19462 |
Tel: | N/A |
Website: | https://www.harmonybiosciences.com |
IR: | See website |
Key People | ||
Jeffrey M. Dayno President, Chief Executive Officer, Director | Sandip S. Kapadia Chief Financial Officer, Chief Administrative Officer | Kumar Budur Chief Scientific Officer |
Jeffrey Dierks Chief Commercial Officer | Andrew Serafin Chief Strategy Officer |
Business Overview |
Harmony Biosciences Holdings, Inc. is a commercial-stage pharmaceutical company. It is focused on developing and commercializing therapies for patients living with rare neurological diseases as well as patients living with other neurological diseases who have unmet medical needs. Its product, WAKIX (pitolisant), is a first-in-class molecule with a novel mechanism of action designed to enhance histamine signaling in the brain by binding to H3 receptors. Its WAKIX is developed for the treatment of excessive daytime sleepiness (EDS) in adult patients with narcolepsy and treatment of cataplexy in adult patients with narcolepsy. It also provides HBS-102, an investigational compound, which is a melanin-concentrating hormone receptor 1 (MCHR1) antagonist that targets MCH neurons in the brain. It also develops ZYN002, a pharmaceutically manufactured synthetic cannabidiol. It is also focused on the rare epilepsy franchise in its expanding late-stage pipeline of CNS assets: EPX-100 and EPX-200. |
Financial Overview |
For the nine months ended 30 September 2024, Harmony Biosciences Holdings Inc revenues increased 24% to $513.5M. Net income decreased 6% to $96M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Research and development - Balancing va increase of 68% to $71.7M (expense), Amort Intangibles excl Goodwill in SGA increase from $6M to $17.9M (expense). |
Employees: | 246 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,703M as of Sep 30, 2024 |
Annual revenue (TTM): | $681.88M as of Sep 30, 2024 |
EBITDA (TTM): | $216.66M as of Sep 30, 2024 |
Net annual income (TTM): | $122.63M as of Sep 30, 2024 |
Free cash flow (TTM): | $220.18M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 57,031,297 as of Oct 25, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |