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  "documentTitle": "Harmony Biosciences (HRMY)",
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  "presentationDate": "2023-03-28 00:00:00",
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  "notes": "This slide presents a series of critical findings regarding market performance, competitive positioning, safety concerns, and marketing practices for the drug Wakix.",
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      "text": "Wakix competes in a crowded field and other drugs work better.",
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      "text": "6. New patient starts have plummeted, with one prescriber after another – even speakers – describing a fall-off in late 2021 to 2022, and the last 6 months in particular, as they simply ran out of narcoleptics to try it on.\n7. Wakix competes in a crowded field and other drugs work better. Physicians universally stated it is no better than standard of care and generics like modafinil. Doctors are far more excited about sodium oxybate (Xyrem, Xywav).\n8. Wakix is plagued by adverse effects and extensive drug-drug interactions, which contribute to its high discontinuation rate. Physicians narrated several serious adverse effects, including a hospitalization for long QT syndrome.\n9. Harmony’s sales and marketing messaging has created a false sense of safety and complacency among doctors, who appear to ignore the warnings on the label and generally don’t run tests or monitor patients. This dynamic was especially prevalent among its speakers and highest volume prescribers.\n10. Wakix has no value proposition from not being a controlled substance.",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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      "text": "Summary of main findings from physician interviews (cont’d):",
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