Harmony Biosciences Holdings, Inc. (NASDAQ: HRMY) has recently appointed Ron Philip to its board of directors. Ron Philip, the President and CEO of Orbital Therapeutics, brings with him a wealth of experience, having spent 30 years building companies and leading organizational growth in the biotech industry.
Philip's experience includes his tenure as the CEO of Spark Therapeutics, where he successfully led the commercial launch of a novel gene therapy for an inherited form of blindness. He also expanded the therapeutic platform to larger disease areas and oversaw the acquisition of new technologies and assets through business development. Prior to his role as CEO, he served as the COO and CCO at Spark.
Before his time at Spark, Philip held various senior leadership roles at Pfizer and Wyeth, as well as working at Deloitte Consulting and Merck & Co. He currently serves on the board of City Therapeutics and Life Sciences Cares Pennsylvania and has previously been on the boards of the Academy of Natural Sciences of Drexel University, the Chamber of Commerce for Greater Philadelphia, and Cure Duchenne.
Harmony Biosciences, a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases, expressed excitement about Philip joining their board during the company's transformative phase of growth. They highlighted his proven ability to identify new technologies that meet patients' needs while delivering value to shareholders.
This appointment is significant as Harmony Biosciences continues to focus on expanding its pipeline through business development. It comes at a time when the company has been building a robust pipeline of innovative late-stage assets across multiple therapeutic areas.
The addition of Ron Philip to the board reflects Harmony Biosciences' commitment to leveraging the expertise of industry leaders to drive their mission of developing therapies for patients with unmet medical needs in rare neurological diseases. The market has reacted to these announcements by moving the company's shares -4.5% to a price of $31.07. If you want to know more, read the company's complete 8-K report here.