M&A
confidence high
sentiment positive
materiality 0.45
HARROW, INC. (HROW): M&A transaction — Harrow completes Melt acquisition for ~$4.3M cash; outlines MELT-300 NDA timeline
HARROW, INC.
- Paid ~$4.3M cash at closing for remaining Melt equity; contingent milestone payments unchanged.
- Acquires Melt pipeline: MELT-300 (Phase 3, SPA), MELT-210, MELT-400; expands into procedural sedation.
- Next steps for MELT-300: PK studies, NDA submission H1 2027, potential approval H1 2028, launch H2 2028.
- MELT-300 is a sublingual midazolam/ketamine formulation; could be first FDA-approved non-opioid non-IV sedation.
- Integration of Melt into Harrow's operations; leveraging MKO Melt network for commercial readiness.