M&A
confidence high
sentiment positive
materiality 0.75
Harmony Biosciences obtains exclusive license for orexin-2 receptor agonist from Bioprojet
Harmony Biosciences Holdings, Inc.
- Upfront fee $25.5M; development/regulatory milestones up to $127.5M, sales milestones up to $240M.
- Licensed compound is pre-clinical; IND expected H2 2025 for narcolepsy and other indications.
- Exclusive rights to develop, manufacture, commercialize in US and Latin America.
- Amended 2017 and 2022 LCAs with Bioprojet to remove exclusivity of efforts provisions.