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  "documentTitle": "Harmony Biosciences (HRMY)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "presentationDate": "2023-03-28 00:00:00",
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  "notes": "The slide uses a Wikipedia table to explain DEA drug schedules to frame the competitive landscape.",
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      "kind": "callout",
      "text": "Wakix.com patient and physician site push the non-controlled angle; table of schedules per Wikipedia",
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      "text": "Harmony’s sales and marketing for Wakix has one and only angle – that it is easier to prescribe because it’s not a controlled substance.",
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      "text": "Harmony’s sales and marketing for Wakix has one and only angle – that it is easier to prescribe because it’s not a controlled substance. Given that Wakix is inferior to cheap generics like modafinil and physicians at best use it as a third or fourth line drug in cocktail, it has no other reason to exist. The DEA has classifies drugs from schedule 1 to 5, which creates certain requirements: 1) physicians have to be registered with the DEA In order to prescribe them; and 2) they can only write a scrip for 1-6 months of the drug, depending on its schedule level, which means their offices have to write scrips at regular intervals. Modafinil is schedule 4, which means a physician can write for a 6 month supply – making Wakix’s value proposition dubious. However, amphetamine-based stimulants for narcolepsy, like Adderall and Ritalin, are schedule 2, and doctors can only prescribe a 90-day supply at a time.",
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      "text": "Source: https://en.wikipedia.org/wiki/Controlled_Substances_Act",
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      "text": "DEA Schedule classification table showing Potential for Abuse, Medical Use, and Potential for Addiction.",
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