Neurology-Focused Harmony Biosciences Gains Confidence With Wakix Sales Surge, Strategic Pipeline Expansion, Bullish Analyst Says
Portfolio Pulse from Vandana Singh
Harmony Biosciences is seeing strong growth with its drug Wakix, which has increased sales and patient numbers. UBS has initiated coverage with a Buy rating and a $56 price target, citing potential growth in the narcolepsy market and recent strategic acquisitions.
September 10, 2024 | 6:56 pm
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Harmony Biosciences' Wakix sales surged 29% YoY, with UBS initiating a Buy rating and a $56 price target. The company is expanding its pipeline with strategic acquisitions, including Epygenix Therapeutics.
The strong sales growth of Wakix and the positive analyst coverage from UBS with a Buy rating and a $56 price target are likely to boost investor confidence in HRMY. The strategic acquisition of Epygenix Therapeutics further strengthens its pipeline, indicating potential for future growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100