
HRMY Stock Forecast & Price Target
HRMY Analyst Ratings
Bulls say
Harmony Biosciences Holdings Inc. is positioned for significant growth, with projected sales of its product WAKIX expected to rise from approximately $160 million in 2020 to over $700 million by 2024, driven by its safety and convenience advantages in treating narcolepsy. The company is advancing its orphan drug pipeline, including promising candidates such as pitolisant for excessive daytime sleepiness and upcoming applications for new formulations that enhance patient adherence by eliminating dose titration requirements. Additionally, Harmony's robust financial position supports ongoing research and development efforts, positioning it as a compelling growth prospect in the neurology sector.
Bears say
Harmony Biosciences Holdings Inc. faces a negative outlook primarily due to the disappointing results from the pivotal Phase 3 RECONNECT trial for its drug ZYN002, which failed to meet its primary endpoint, potentially limiting future revenue from this product. Additionally, concerns regarding increased competition in the sodium oxybate market may hinder the growth of its leading product, WAKIX, particularly if the rate of new patient additions slows more than anticipated. Furthermore, the company faces risks related to the success of its clinical trials for other drug candidates, making its growth outlook uncertain in the presence of emerging generic competition for pitolisant and other pipeline challenges.
This aggregate rating is based on analysts' research of Harmony Biosciences Holdings and is not a guaranteed prediction by Public.com or investment advice.
HRMY Analyst Forecast & Price Prediction
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