M&A
confidence high
sentiment neutral
materiality 0.75
Harrow signs definitive deal to acquire Melt Pharma for initial $4.3M plus milestones up to ~$352.5M
HARROW, INC.
- Initial cash payment of ~$4.3M for remaining 55% equity; contingent $87.2M upon FDA approval of MELT-300.
- Upon CMS J-Code assignment, Harrow will issue ~1.112M shares of common stock.
- Additional cash payments up to ~$261M based on annual net sales milestones ($100M–$1B).
- Harrow plans NDA submission in 2027, potential US launch in 2028 for MELT-300 sublingual sedation.
- Deal approved by independent committee; fairness opinion from Lake Street Capital Markets.