Companies · Pharmaceuticals

Harmony Biosciences II, Inc.

PLYMOUTH MEETING · Pharmaceuticals

Diligence memoA one-page analyst read on Harmony Biosciences II, Inc. — recommendation, valuation, rhythm, risks.
$345.0M
Total raised · real
3
Rounds
2.0×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Aug 09 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Harmony Biosciences II, Inc. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the pharma sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.48× the median modeled value of Series D+ Pharmaceuticals companies in 2019–2021 (15 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.9 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Pharmaceuticals

Harmony Biosciences II, Inc. is one of 1613 Pharmaceuticals companies tracked from PLYMOUTH MEETING. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
30
Investors (latest)
2017
Year incorporated
2019-08-09
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5B$5.0B$7.5B$10.0BSeries D+ · 2017-09-22 Raised $270M (real) Modeled valuation $9.5B (est)$270M$9.5BSeries D+2017Series D+ · 2018-01-08 Raised $25M (real) Modeled valuation $883M (est)$25M$883MSeries D+2018Series D+ · 2019-08-09 Raised $50M (real) Modeled valuation $1.8B (est)$50M$1.8BSeries D+2019+$25M+$50MCumulative $345M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series D+$270.0M · 2017
Series D+ extension$25.0M · 2018
Series D+ extension$50.0M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$1.8B
Base estimate est.
$238.0M
Conservative case
$3.9B
Upside case
$416.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Series D+ · modeled $9.5B · 2017-09-222017Series D+ · modeled $883.0M · 2018-01-08Series D+ · modeled $1.8B · 2019-08-092019
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
71%
Survival probability
57% low · 79% high
1.35×/yr
Annual markup
1.51×/yr upside case
6.0 yr
Elapsed time used
6.9 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$183.7M/yr
Capital velocity
8.8 yr
On record since
2017
First round
3
Rounds on file
How it compares to the market

Benchmarked against 1613 companies in Pharmaceuticals. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 43× above median
This company$345.0M
Sector median$8.1M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.4× of median
This company$50.0M
Sector median$111.8M
Modeled value — vs sector median (estimate, all stages) 23× above median
This company$1.8B
Sector median$76.1M

Raised more than 98% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #13 of 15.

This companyCohort peer
$1.0B$10.0B$100.0B$10.0M$100.0M$1.0BCapital raised (log)Nuvation Bio Inc. · Series D+ Raised $275.3M · modeled $9.7B (est)Recursion Pharmaceuticals, Inc. · Series D+ Raised $478.3M · modeled $8.3B (est)Vyripharm Enterprises, Inc. · Series D+ Raised $300.0M · modeled $7.2B (est)Verona Pharma plc · Series D+ Raised $244.7M · modeled $7.0B (est)Cingulate Inc. · Series D+ Raised $220.0M · modeled $5.4B (est)Day One Biopharmaceuticals Holding Co LLC · Series D+ Raised $130.0M · modeled $3.9B (est)Design Therapeutics, Inc. · Series D+ Raised $170.5M · modeled $3.7B (est)Secura Bio Holdings, Inc. · Series D+ Raised $105.0M · modeled $3.7B (est)Revolution Medicines, Inc. · Series D+ Raised $204.2M · modeled $3.5B (est)Entrada Therapeutics, Inc. · Series D+ Raised $150.9M · modeled $3.3B (est)Catabasis Pharmaceuticals Inc · Series D+ Raised $349.6M · modeled $3.3B (est)DTx Pharma, Inc. · Series D+ Raised $113.4M · modeled $2.9B (est)Harmony Biosciences II, Inc. (this company) Raised $345.0M · modeled $1.8B (est)Harmony Biosciences II, Inc.
CompanyStageRaised · realValue · estvs peer med.
Nuvation Bio Inc.Series D+$275.3M$9.7B2.62×
Recursion Pharmaceuticals, Inc.Series D+$478.3M$8.3B2.23×
Vyripharm Enterprises, Inc.Series D+$300.0M$7.2B1.95×
Verona Pharma plcSeries D+$244.7M$7.0B1.87×
Cingulate Inc.Series D+$220.0M$5.4B1.45×
Day One Biopharmaceuticals Holding Co LLCSeries D+$130.0M$3.9B1.04×
Design Therapeutics, Inc.Series D+$170.5M$3.7B1.01×
Secura Bio Holdings, Inc.Series D+$105.0M$3.7B1.00×
Revolution Medicines, Inc.Series D+$204.2M$3.5B0.96×
Entrada Therapeutics, Inc.Series D+$150.9M$3.3B0.89×
Catabasis Pharmaceuticals IncSeries D+$349.6M$3.3B0.88×
DTx Pharma, Inc.Series D+$113.4M$2.9B0.79×
Harmony Biosciences II, Inc. this companySeries D+$345.0M$1.8B0.48×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series D+$270.0M2017-09-22$2.3B$9.5B90%
Series D+$25.0M2018-01-08$208.3M$883.0M90%
Series D+$50.0M2019-08-09$416.7M$1.8B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series D+$270.0M2017-09-22
    • First recorded raise — entered as Series D+.
    • 29 investors on this round.
  2. Series D+$25.0M2018-01-08
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 10.8× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Series D+$50.0M2019-08-09
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 30 investors on this round.
Intelligence
2020 ~Q3
Modeled next raise · ~11mo cadence
$100.0M
Modeled next size est.range $65.0M$160.0M
2.0×
Last step-up
$183.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Antonio Gracias14 other2017-09
Jack Nielsen12 other2018-01
Aaron Royston6 other2018-01
Jeffrey Aronin5 other2017-09
Patrick Morris5 other2017-09
Martin Edwards4 other2018-01
Darien Parhad3 other2017-09
Juan Sabater3 other2017-09
JOHN JACOBS2 other2019-08
AARON BECH ROYSTON2017-09
ANDREW SERAFIN2019-08
DR. ANDREAS BECH WICKI2017-09
Dr. Andreas Wicki2018-01
JACK BECH NIELSEN2017-09
JOHN VITTORIA2019-08
MARTIN BECH EDWARDS2017-09
Robert Repella2017-09
WILBUR BECH GANTZ, III2017-09
Wilbur Gantz III2018-01
Registry & provenance

Harmony Biosciences II, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1718575
SEC CIK
2017
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Paragon Biosciences Emalex Capital, Inc.PharmaceuticalsSeries D+$376.8M$5.5Bnetwork4 shared operators · same sector · same stage
Castle Creek Biosciences, Inc.BiotechnologyGrowth/Late$839.8M$804.8Mnetwork4 shared operators
Castle Creek Pharmaceuticals, LLCPharmaceuticalsSeries C$48.0M$1.7Bnetwork3 shared operators · same sector
CIRC Biosciences, Inc.BiotechnologySeries B$24.1M$54.7Mnetwork4 shared operators
Paragon Biosciences Skyline Capital, LLCPharmaceuticalsSeed$4.0M$150.9Mnetwork2 shared operators · same sector
Catabasis Pharmaceuticals IncPharmaceuticalsSeries D+$349.6M$3.3Bsame sector · same stage
ADARx Pharmaceuticals, Inc.PharmaceuticalsSeries D+$352.5M$2.8Bsame sector · same stage
Bothwell Capital Holdings CorpPharmaceuticalsSeries D+$310.0M$1.8Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
2A Biosciences, Inc.PharmaceuticalsSeed$36.0M87%
Solid Biosciences Inc.PharmaceuticalsSeries C$139.4M87%
Kp Biosciences, Inc.PharmaceuticalsPre-Seed$13.2M86%
MBX Biosciences, Inc.PharmaceuticalsSeries C$724.1M86%
Khloris Biosciences, Inc.PharmaceuticalsSeries A$154.9M86%
RxBio Holdings, Inc.PharmaceuticalsSeries D+$12.0M86%
Aya Biosciences, Inc.PharmaceuticalsSeries A$129.3M85%
BioMarck Pharmaceuticals LtdPharmaceuticalsSeries A$23.3M85%
Frequently asked
How much funding has Harmony Biosciences II, Inc. raised?
Harmony Biosciences II, Inc. has raised approximately $345.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Harmony Biosciences II, Inc.'s estimated valuation?
Provath's modeled valuation for Harmony Biosciences II, Inc. is approximately $1.8B (modeled range $238.0M–$3.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Harmony Biosciences II, Inc. at?
Harmony Biosciences II, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Aug 09.
What does Harmony Biosciences II, Inc. do and where is it based?
Harmony Biosciences II, Inc. operates in the Pharmaceuticals sector, based in PLYMOUTH MEETING.
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