Mirum Pharmaceuticals, Inc. - MIRM STOCK NEWS

Mirum Pharmaceuticals, Inc. (NASDAQ: MIRM) announced on July 8, 2022, the grant of stock options and restricted stock units (RSUs) totaling 64,500 shares to seven new employees under its 2020 Inducement Plan. The stock options have an exercise price of $23.86 per share, vesting over four years, while the RSUs will vest over three years. This is part of the company's strategy to attract talent amidst its growth in developing treatments for rare diseases, including its approved drug LIVMARLI® and investigational treatments for liver diseases.

Mirum Pharmaceuticals presented significant findings from clinical studies on maralixibat at the 54th Annual ESPGHAN Meeting. The data showed a 70% reduction in event-free survival and significant improvements in transplant-free survival in patients with Alagille syndrome. Notably, 76% and 79% of patients remained event-free and transplant-free at six years. Maralixibat also demonstrated improved growth in pediatric patients over four years.

Furthermore, the treatment showed a notable impact on health-related quality of life, particularly in patients with BSEP deficiency. This data enhances the understanding of maralixibat's clinical potential.

Mirum Pharmaceuticals (NASDAQ: MIRM) presented significant findings at the 2022 International Liver Congress in London, highlighting the debilitating effects of pruritus on patients with primary sclerosing cholangitis (PSC). A multinational survey with 482 patients revealed that 91% experienced itch, severely impacting their quality of life. Importantly, current treatments provided limited relief. Mirum is evaluating volixibat, an IBAT inhibitor, to address this unmet need. The company is also exploring optimal dosing strategies for its drugs in clinical trials.

Mirum Pharmaceuticals (Nasdaq: MIRM) presents data at the International Liver Congress™ and the 54th Annual ESPGHAN Meeting. Eight abstracts are accepted, including three oral presentations, with notable research on maralixibat for Alagille syndrome. This data includes predictors of event-free survival and is nominated for the prestigious Alex Mowat Prize. Additionally, Mirum will host scientific symposia at both events, enhancing its position in the treatment of rare liver diseases.

On June 10, 2022, Mirum Pharmaceuticals granted inducement awards under its 2020 Inducement Plan to eight new employees. These awards consist of non-qualified stock options for 43,550 shares and 21,800 restricted stock units (RSUs). The stock options have an exercise price of $21.36 and will vest over four years, while RSUs will vest over three years. The awards comply with Nasdaq Listing Rule 5635(c)(4) and are aimed at incentivizing the new hires to drive growth in Mirum's rare disease treatments.

Mirum Pharmaceuticals, Inc. (Nasdaq: MIRM) announced the appointment of Saira Ramasastry to its board of directors and audit committee. Ramasastry brings over 20 years of financial leadership, including her experience at Merrill Lynch & Company. CEO Chris Peetz emphasized her strategic experience as crucial for expanding the company’s reach and enhancing its rare disease pipeline. Mirum develops therapies like LIVMARLI® for liver diseases and has ongoing clinical trials for innovative treatments, showing commitment to advancing care for patients.

Mirum Pharmaceuticals has acquired Satiogen Pharmaceuticals, consolidating its licensing obligations for LIVMARLI® and volixibat. This strategic move is anticipated to improve cash flow and reduce royalty payments to high single digits. The total transaction value includes 841,792 shares of common stock and approximately $2.8 million in cash. CEO Chris Peetz highlighted the acquisition as a vital step towards enhancing the company’s pipeline and commercial programs, especially for rare liver diseases.

Mirum Pharmaceuticals (NASDAQ: MIRM) has announced its participation in key virtual investor conferences. The H.C. Wainwright Global Investment Conference is set for May 24, 2022, with a fireside chat starting at 8:30 a.m. ET. Following this, Mirum will present at the Jefferies Healthcare Conference on June 9, 2022, from 9:00-9:30 a.m. ET. The company focuses on treatments for rare liver diseases, with its approved drug LIVMARLI for Alagille syndrome and investigational treatments for various liver diseases.

Mirum Pharmaceuticals, Inc. (MIRM) has granted inducement awards to 18 new employees, comprising 178,000 non-qualified stock options and 52,677 restricted stock units (RSUs) as of May 10, 2022. The stock options have an exercise price of $22.55, corresponding to Mirum's closing price on that date, and will vest over four years. The RSUs will vest over three years. These awards are part of Mirum's 2020 Inducement Plan and adhere to Nasdaq Listing Rule 5635(c)(4). Mirum focuses on rare diseases and is advancing its clinical pipeline for liver diseases.