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Harmony Biosciences Raises $270m; Acquires US Rights To Narcolepsy Drug

 
• By Lucie Ellis-Taitt

Emerging US biotech Harmony Biosciences has secured $270m in financing to acquire a Phase III narcolepsy drug, which it expects to file with the FDA in 2018. 

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2017-Founded Harmony Biosciences Raises $270m • Source: Shutterstock

Harmony Biosciences, founded in 2017, has raised $270m via equity investment to pursue novel therapies for sleep and central nervous system disorders; to kick off its portfolio plans the company has acquired US rights to pitolisant from French company, Bioprojet SCR.

Pitolisant, which has recently been approved in Europe under the tradename Wakix for the treatment of narcolepsy in adult patients, is a selective histamine H3-receptor antagonist/inverse agonist that enhances the activity of histaminergic neurons

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