Harrow Health Inc Stock Price, News & Analysis

Harrow (Nasdaq: HROW) closed the acquisition of Melt Pharmaceuticals, adding clinical-stage candidates MELT-210, MELT-300, and MELT-400 based on a Zydis oral-dissolving tablet platform.

MELT-300 is a sublingual fixed-dose midazolam (3mg) + ketamine (50mg) formulation that completed Phase 2 and Phase 3 programs with stated statistical superiority to midazolam alone. Harrow plans one non-clinical and three PK studies to complete an NDA filing in H1 2027, regulatory review targeting H1 2028, and commercial launch in H2 2028. Harrow cites >800 U.S. ophthalmic institutions using its MKO Melt compounded product as a commercial foothold.

Harrow (Nasdaq: HROW) reported Q3 2025 total revenues of $71.6 million, a 45% increase versus $49.3 million in Q3 2024, and adjusted EBITDA of $22.7 million. GAAP net income for the quarter was $1.0 million and cash and cash equivalents were $74.3 million as of September 30, 2025.

Operational highlights include new national payer coverage agreements for VEVYE effective January 1, 2026, expansion of the VEVYE Access For All program via a partnership with Alto Pharmacy Powered by Fuze Health, the launch of Harrow Access for All (HAFA), and an agreement to acquire Melt Pharmaceuticals, maker of MELT-300.

Harrow (Nasdaq: HROW) will report third quarter 2025 financial results for the period ended September 30, 2025, on Monday, November 10, 2025 after market close. The company said it will post a Third Quarter Letter to Stockholders on its Investors page at harrow.com.

Harrow will host a conference call and live webcast at 8:00 a.m. ET on Tuesday, November 11, 2025 to discuss results and provide a business update. A replay will be available on the company website for one year. Telephone participants must register in advance to receive a unique dial-in and PIN.

Harrow (Nasdaq: HROW) announced leadership changes at its ImprimisRx subsidiary on October 6, 2025. Frank Mullery was appointed Chief Executive Officer; he has >20 years in healthcare, led Sintetica US commercialization, served as President of Mylan Institutional where revenues exceeded $1 billion in 2018, and held senior finance roles. Bridseida Cruz was appointed Head of Quality; she has >25 years in quality and operations, led FDA remediation efforts, commissioned a new FDA-registered compounding facility, and delivered a 20% improvement in operational throughput while achieving zero critical FDA observations on inspection.

The board frames the hires as supporting Harrow’s vision to expand ImprimisRx’s ophthalmic compounding leadership and operational phase.

Harrow (Nasdaq: HROW) has announced an agreement to acquire Melt Pharmaceuticals, a clinical-stage pharmaceutical company specializing in non-opioid, non-IV sedation therapies. The acquisition's centerpiece is MELT-300, a patented sublingual formulation combining midazolam and ketamine that showed positive Phase 3 results in November 2024.

MELT-300 demonstrated statistical superiority over both sublingual midazolam and placebo in the LOUISE study. Harrow plans to submit an NDA in 2027, targeting a 2028 commercial launch. The company will leverage its experience with MKO Melt®, which has been used in over 500,000 cataract surgeries, to enter the multi-billion-dollar U.S. procedural sedation market.

Harrow (NASDAQ: HROW) has announced the launch of Harrow Access for All (HAFA), a comprehensive market access program expanding across their ophthalmic portfolio. Building on the success of VEVYE Access for All (VAFA), which drove a 66% growth in VEVYE prescriptions in Q2 2025, HAFA will provide affordable access to Harrow's branded, generic, and compounded eye medications.

The program will roll out in three phases starting Q4 2025, with eligible commercially insured patients paying as little as $0 and a maximum of $59 out-of-pocket. HAFA will be accessible through the HarrowAccess.com portal, offering streamlined prescribing, protocol decision trees, and simplified prior authorizations for healthcare providers.

Harrow (NASDAQ: HROW), a leading North American ophthalmic disease management solutions provider, has announced its upcoming Investor & Analyst Day scheduled for September 26, from 11:30 a.m. ET to 3 p.m. ET in New York. The event will feature comprehensive presentations from the company's leadership team and renowned physician key opinion leaders.

The agenda includes presentations on Harrow's commercial portfolio, pipeline products, and long-term vision. Notable speakers include four distinguished medical experts: Dr. Paul Karpecki (dry eye specialist), Dr. Raj Patel (retina specialist), Dr. Seenu Hariprasad (vitreoretinal expert), and Dr. Maggie Jeffries (ophthalmic anesthesia specialist). Topics will cover MELT-300 development, VEVYE, TRIESENCE expansion, BYQLOVI, and ImprimisRx operations.

The event will be accessible via live webcast for public viewers, while in-person attendance is limited to invited research analysts and institutional investors.

Harrow (NASDAQ: HROW), a leading North American ophthalmic disease management solutions provider, has announced the pricing of $250.0 million senior unsecured notes due 2030. The notes will bear an interest rate of 8.625%, payable semi-annually starting March 15, 2026.

The proceeds will be used to repay multiple existing debts, including a $107.5 million Oaktree facility, $75.0 million of 8.625% Senior Notes (HROWL), and $40.25 million of 11.875% Senior Notes (HROWM). The offering, priced at 100% of principal amount, is expected to close on September 12, 2025, and is available only to qualified institutional buyers under Rule 144A.

Harrow (Nasdaq: HROW), a leading ophthalmic disease management solutions provider, has launched a private offering of $250.0 million senior unsecured notes due 2030. The company also secured a commitment for a new $40 million revolving credit facility with Fifth Third Bank.

The proceeds will be used to repay a $107.5 million Oaktree facility, redeem $75.0 million of 8.625% Senior Notes (HROWL) and $40.25 million of 11.875% Senior Notes (HROWM). Both HROWL and HROWM will be delisted from Nasdaq following redemption. The 2030 Notes will be guaranteed by Harrow's existing and future wholly-owned domestic restricted subsidiaries.