M&A
confidence medium
sentiment negative
materiality 0.60
Harmony files Zynerba FY2022 audited financials; net loss $35M, accumulated deficit $274.5M
Harmony Biosciences Holdings, Inc.
- Zynerba FY2022 net loss $35.0M ($0.82 loss per share); no revenue; R&D expense $21.1M, G&A $14.2M.
- Cash and equivalents $50.6M at Dec 31, 2022; sufficient to fund operations to mid-2024 per management.
- Acquisition closed Oct 10, 2023; pro forma combined statements filed as Exhibit 99.3 (not included in this text).
- Zynerba clinical-stage pipeline targets FXS and 22q deletion syndrome; deferred Phase 3 ASD program.