Noven Pharmaceuticals

Noven Pharmaceuticals

Specialty pharma delivering transdermal medications

Overview

Noven Pharmaceuticals is a specialty pharmaceutical company focused on research, development, manufacture, marketing and sale of prescription medicines, with an emphasis on transdermal drug delivery. Its products reach patients via transdermal patches, which deliver drugs through the skin; the company operates state-of-the-art FDA-approved transdermal manufacturing facilities and has DEA-approved capabilities for controlled substances. It differentiates itself as the growth platform for Hisamitsu Pharmaceutical Co. in the U.S. and as part of the world’s largest transdermal patch producer, backed by substantial patch production capacity. Noven’s goal is to advance patient care through transdermal drug delivery and to grow its U.S. prescription pharmaceutical portfolio for Hisamitsu.

About Noven Pharmaceuticals

Simplify's Rating
Why Noven Pharmaceuticals is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Miami, Florida

Founded

1987

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Simplify's Take

What believers are saying

  • Noven added a 24,500-square-foot Miami QC lab, expanding output capacity in 2024.
  • APSARD 2025 and the Mindful Patch app deepen patient engagement around XELSTRYM.
  • Hisamitsu's 2024-2025 support and Noven's patent wins strengthen U.S. transdermal positioning.

What critics are saying

  • XELSTRYM faces a June 2026 supply disruption; patient impact starts mid-July 2026.
  • Limited C.A.N. partner-pharmacy distribution blocks fills, slowing adoption versus oral generics.
  • If XELSTRYM stalls, Noven depends on aging patches Daytrana and Minivelle for cashflow.

What makes Noven Pharmaceuticals unique

  • XELSTRYM is Noven's first-and-only FDA-approved amphetamine patch, approved March 2023.
  • Noven pairs transdermal drugs with digital support: Mindful Patch launched January 14, 2025.
  • Hisamitsu's ownership since 2009 gives Noven capital, global backing, and manufacturing discipline.

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Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
HrTechwire
Jan 15th, 2025
Noven Debuts Optional Companion App for Patients with ADHD - Mindful Patch - at APSARD 2025

Noven Pharmaceuticals, Inc., (Noven), a wholly owned subsidiary of Hisamitsu Pharmaceutical Co., Inc., and a leader in pharmaceutical innovation, is proud to announce the launch of its groundbreaking app, Mindful Patch, at APSARD 2025 Annual Conference, taking place from January 16th - 19th in San Diego, California.

The Business Journals
Aug 24th, 2023
Pharmaceutical company could expand Miami-Dade County campus

Noven was acquired by Hisamitsu in 2009.

PR Newswire
Jan 10th, 2023
Xelstrym™ (Dextroamphetamine) Transdermal System, Cii, To Be Revealed As Available Soon At The 2023 American Professional Society Of Adhd And Related Disorders (Apsard) Conference

– XELSTRYM, the first and only amphetamine patch will be available by prescription in Q1 2023 –MIAMI and JERSEY CITY, N.J., Jan. 10, 2023 /PRNewswire/ -- Noven Pharmaceuticals. Inc., (Noven), a wholly owned subsidiary of Hisamitsu Pharmaceutical Co., Inc. focusing on the development of transdermal treatments, announced today that XELSTRYM™ (dextroamphetamine) transdermal system, CII, the first and only FDA-approved amphetamine patch for the treatment of Attention-Deficit/Hyperactivity Disorder (ADHD) in adults and pediatric patients six years and older, will be available across the U.S. for healthcare professionals to prescribe later in the first quarter of 2023.1 In anticipation of this, Noven will be publicly presenting XELSTRYM in a branded capacity for the first time at the American Professional Society of ADHD and Related Disorders (APSARD) Conference being held January 13-15 in Orlando, Florida.As a Platinum Sponsor of the APSARD Conference, Noven is hosting an industry symposium focusing on ADHD in adults, which will be presented by Greg Mattingly, MD, Associate Clinical Professor, Washington University and President Elect of APSARD. "Noven's involvement to highlight ADHD in adults at this year's conference strikes a particular chord of excitement as we've learned efforts are underway to develop and publish guidelines in 2023 for the diagnosis and treatment of ADHD in adults, which will address this critical need for healthcare providers and patients," said Naruhito Higo, PhD, Chief Executive Officer of Noven Pharmaceuticals

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