H.C. Wainwright initiated coverage of Harmony Biosciences (HRMY) with a Buy rating and $75 price target Wakix, Harmony’s lead product that is FDA-approved for type 1 and type 2 narcolepsy, is on track to generate revenues of $714M in 2024 and $870M in 2025, the firm estimates. In 2025, the firm expects the franchise to expand to idiopathic hypersomnia, an area of high unmet need with limited treatment options, and for new pitolisant compounds such as gastro-restricted and high-dose to drive revenues to “blockbuster” $1B-plus status by 2030, the analyst tells investors.
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Read More on HRMY:
- Harmony Biosciences 8M share Secondary priced at $31.00
- Harmony Biosciences price target raised to $58 from $51 at Cantor Fitzgerald
- Harmony Biosciences price target raised to $59 from $56 at Oppenheimer
- Harmony Biosciences: Strong Q3 and Future Growth
- Harmony Biosciences announces 8M share offering of common stock for holders
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
