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Harmony Biosciences Holdings, Inc. (HRMY) Expands WAKIX With FDA Nod for Prader-Willi

We recently compiled a list of the 11 Cheap Biotech Stocks to Buy According to Hedge Funds. Harmony Biosciences Holdings, Inc. stands ninth among them,

Harmony Biosciences Holdings, Inc. (NASDAQ:HRMY) is a commercial-stage biopharmaceutical company focused on therapies for rare neurological diseases. Its flagship product, WAKIX (pitolisant), treats excessive daytime sleepiness and cataplexy in adults with narcolepsy and recently received FDA approval for Prader-Willi Syndrome, expanding its patient base. The company aims to surpass $1 billion in narcolepsy-related revenue by 2030, supported by patient growth, label expansions including pediatric use, and next-generation formulations.

Harmony Biosciences Holdings, Inc. (NASDAQ:HRMY)’s late-stage pipeline is strong, with ongoing and upcoming Phase 3 trials targeting Prader-Willi Syndrome and Fragile X Syndrome. Given its expanding addressable market and robust clinical development, HRMY is increasingly being mentioned among cheap biotech stocks to buy, as investors seek undervalued opportunities with significant upside. Preclinical data for BP1.15205, a potential best-in-class orexin-2 agonist, showed promising wake-promoting and cataplexy-suppressing effects, with human trials expected to begin in late 2025.

Harmony Biosciences Holdings, Inc. (NASDAQ:HRMY) is currently considered undervalued relative to its growth potential. Analysts project approximately 45% upside as pipeline progress, market opportunities, and label expansions drive long-term growth. The business will participate in the 2025 Cantor Global Healthcare Conference in September, highlighting continued engagement with investors and the broader healthcare sector.

While we acknowledge the risk and potential of HRMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HRMY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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