Harmony Biosciences Holdings Inc (OQ:HRMY)

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
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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

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