Harmony Biosciences Holdings Inc (OQ:HRMY)
Business Focus: Pharmaceuticals
| 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 | Jeffrey Dierks Chief Commercial Officer | Andrew Serafin Chief Strategy Officer |
| Business Overview |
| Harmony Biosciences Holdings, Inc. is a commercial-stage pharmaceutical company. The Company 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 molecule with a mechanism of action (MOA) specifically designed to increase 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. Its narcolepsy treatment works primarily through histamine, a major wake-promoting neurotransmitter. The Company also provides HBS-102, an investigational compound, which is a melanin-concentrating hormone (MCH) receptor 1 (MCHR1) antagonist that targets MCH neurons in the brain. It operates through its subsidiary, Harmony Biosciences, LLC. |
| Financial Overview |
| For the six months ended 30 June 2023, Harmony Biosciences Holdings Inc revenues increased 32% to $253.3M. Net income increased 42% to $63.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Amort Intangibles excl Goodwill in SGA decrease of 46% to $6M (expense), Interest expense, net decrease of 33% to $5.4M (expense). |
| Employees: | 200 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,882M as of Jun 30, 2023 |
| Annual revenue (TTM): | $498.86M as of Jun 30, 2023 |
| EBITDA (TTM): | $171.10M as of Jun 30, 2023 |
| Net annual income (TTM): | $200.24M as of Jun 30, 2023 |
| Free cash flow (TTM): | $161.21M as of Jun 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 60,000,145 as of Jul 28, 2023 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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