FilmRise has acquired U.S. distribution rights to “White Girl,” starring Morgan Saylor (“Homeland”) in Elizabeth Wood’s semi-autobiographical story of youthful abandon.

The drama, which premiered at this year’s Sundance Film Festival, presents a portrait of drug and sex-fueled youth in New York City, while confronting issues of racial privilege and gender inequality. “White Girl” is exec produced by Killer Films’ Christine Vachon, whose credits include “Kids” and “Carol.”

FilmRise plans to release the movie in late summer or early fall.

The story follows a college sophomore who falls head-over-heels for her neighborhood drug dealer, played by Brian Marc. When a night of partying goes wrong, she must go to wild extremes to get him back.

The film is Wood’s feature debut and co-stars Justin Bartha (“The Hangover”) and Chris Noth (“Sex and the City”).

Gabriel Nussbaum produced for Bank Street Films. Matthew Achterberg is the co-producer, while executive producers include Ariel Schulman and Henry Joost of Supermarché, and Vachon and David Hinojosa of Killer Films.

Wood, who based the film on her own college experiences, was recently honored at the Palm Springs International Film Festival as one of Variety’s Directors to Watch.

“We could not be more thrilled to announce our acquisition of this explosive Sundance hit,” said Danny Fisher, CEO of FilmRise. “‘White Girl’ is a startling film that demands to be experienced in theaters.”

Wood said, “FilmRise is brave and passionate about my film and I couldn’t have a better partner to help me bring this wild story to American audiences.”

The deal was negotiated between Fisher and Max Einhorn with CAA.