{
  "docId": "019dd923-622c-750b-8b9a-21918ac10c17",
  "docSlug": "f3db2294dcf9",
  "documentTitle": "Harmony Biosciences (HRMY)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-03-28 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 355,
  "pageCount": 366,
  "prevPage": 354,
  "nextPage": 356,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a Q&A format to build a narrative of corporate malfeasance.",
  "elementsJson": [
    "paragraph",
    "quote_block"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-21918ac10c17/355",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-21918ac10c17#slide-355",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.86,
        "x": 0.07,
        "y": 0.44
      },
      "kind": "callout",
      "text": "Harmony is allegedly planning to bring field reimbursement in-house; unusual move that presages additional bad behavior",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "83e41e43-65b7-491f-bd8a-625e65070d4d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "In every pharmaceutical company I've ever been associated with, the commercial team is never under the same leadership guidance as field reimbursement, ever.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-64d1-73a9-abc0-e02daf23bdad",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.86,
        "x": 0.07,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "He stated that the move would intensify pressure on reimbursement to assist the off-label scheme: \"they're going to be super-pressured now because the regional sales managers will be their boss...what kind of pressure do you think they're going to get now?\" He stated the move would be highly unusual vs. other pharma companies, eliminating any remaining checks and balances: \"In every pharmaceutical company I've ever been associated with, the commercial team is never under the same leadership guidance as field reimbursement, ever.\"",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c4f2f21d-214f-44e5-8716-cc3e3df56a9f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.86,
        "x": 0.07,
        "y": 0.5
      },
      "kind": "quote",
      "text": "Q: \"So, RareMed is their hub?\" A: \"RareMed was the hub. Harmony contracted everything as a third party... they are planning on bringing their field reimbursement in-house... they're going to be super-pressured... Q: \"What kind of pressure is who going to get now?\" A: \"...But once you roll the field reimbursement managers into the commercial team, the commercial team leadership is now in charge of field reimbursement. So, there's no protection, and that doesn't exist. In every pharmaceutical company I've ever been associated with, the commercial team is never under the same leadership guidance as field reimbursement, ever.\" – Ex-field reimbursement manager working with Harmony",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b2152624-5ca6-4d64-8389-5043b38e989f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“they’re going to be super-pressured now because the regional sales managers will be their boss...what kind of pressure do you think they’re going to get now?” — Ex-field reimbursement manager working with Harmony",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-64d1-73a9-abc0-e53b8b79ecb2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.25,
        "x": 0.07,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Scorpion Capital consultation calls with experts",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d8cedda-8f7b-4f1f-abb4-f60e671f4289",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.86,
        "x": 0.07,
        "y": 0.07
      },
      "kind": "title",
      "text": "Ominously, he stated that Harmony is now planning to bring the field reimbursement function in-house versus contracting it to a third-party provider with managers dedicated to Harmony.",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c518d913-c5e5-444d-856e-9c32ccdadbd6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "9191e3c1-f9c2-460e-b19c-c91b4943e887",
      "evidence": "The slide explicitly frames a business process change as evidence of an 'off-label scheme' and lack of 'checks and balances'.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}