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Mineralys Therapeutics, Inc. - MLYS STOCK NEWS

Welcome to our dedicated page for Mineralys Therapeutics news (Ticker: MLYS), a resource for investors and traders seeking the latest updates and insights on Mineralys Therapeutics stock.

About Mineralys Therapeutics, Inc.

Mineralys Therapeutics, Inc. (Nasdaq: MLYS) is a clinical-stage biopharmaceutical company headquartered in Radnor, Pennsylvania. The company is dedicated to developing innovative therapies for diseases driven by dysregulated aldosterone, including uncontrolled hypertension (uHTN), resistant hypertension (rHTN), chronic kidney disease (CKD), and obstructive sleep apnea (OSA). Mineralys' mission is to address significant unmet medical needs by providing targeted, personalized treatment options for patients suffering from these complex, cardiorenal conditions.

Core Technology and Product Focus

At the heart of Mineralys' pipeline is lorundrostat, a proprietary, orally administered, highly selective aldosterone synthase inhibitor. Lorundrostat is designed to inhibit CYP11B2, the enzyme responsible for aldosterone production, thereby reducing aldosterone levels and addressing the underlying cause of diseases like hypertension and CKD. The drug has demonstrated a 374-fold selectivity for aldosterone synthase inhibition versus cortisol synthase inhibition in vitro, ensuring targeted efficacy with minimal off-target effects. Lorundrostat has been evaluated in multiple clinical trials, including the pivotal Advance-HTN and Launch-HTN trials for hypertension and the Explore-CKD trial for chronic kidney disease, showcasing its potential to significantly improve patient outcomes.

Market Significance

Hypertension and CKD are major global health challenges, with hypertension affecting nearly half of adults in the United States and CKD impacting over 10% of the global population. A substantial subset of these patients experiences uncontrolled or resistant hypertension, often linked to elevated aldosterone levels. Current treatment options fail to achieve target blood pressure levels in more than 50% of patients, highlighting the urgent need for innovative solutions like lorundrostat. By addressing the root cause of these conditions, Mineralys aims to transform the standard of care for millions of patients worldwide.

Strategic Differentiation

Mineralys Therapeutics distinguishes itself through its focus on aldosterone-driven diseases, leveraging its expertise in aldosterone synthase inhibition to develop targeted therapies. Unlike traditional antihypertensive treatments that primarily manage symptoms, lorundrostat directly targets the hormonal dysregulation at the core of these conditions. This approach not only offers the potential for improved efficacy but also positions Mineralys as a leader in the emerging field of aldosterone-targeted therapies.

Clinical Development and Research

Mineralys has established a robust clinical development program for lorundrostat, encompassing multiple trials to evaluate its efficacy and safety across different patient populations. The Advance-HTN and Launch-HTN trials focus on patients with uncontrolled or resistant hypertension, while the Explore-CKD trial targets individuals with CKD and albuminuria. Additionally, lorundrostat is being investigated for its potential in treating obstructive sleep apnea, further expanding its therapeutic applications. These trials underscore Mineralys' commitment to rigorous scientific evaluation and its dedication to improving patient outcomes.

Industry Context and Competitive Landscape

Mineralys operates within the highly competitive biopharmaceutical industry, which includes other companies pursuing therapies for hypertension, CKD, and related conditions. However, its focus on aldosterone synthase inhibition sets it apart, as few competitors target this specific mechanism of action. By addressing a critical gap in the treatment landscape, Mineralys is well-positioned to make a meaningful impact on the lives of patients with cardiorenal conditions.

Commitment to Innovation and Patient-Centered Care

Mineralys Therapeutics is driven by a commitment to innovation and a patient-centered approach to drug development. By combining cutting-edge science with a deep understanding of patient needs, the company aims to redefine the diagnosis, management, and treatment of aldosterone-driven diseases. With a strong pipeline, a clear focus on unmet medical needs, and a dedication to improving patient outcomes, Mineralys Therapeutics is poised to play a transformative role in the biopharmaceutical industry.

Rhea-AI Summary
Mineralys Therapeutics, Inc. (Nasdaq: MLYS) has announced a private placement financing (PIPE) with institutional accredited investors, raising approximately $120 million in gross proceeds. The financing involves selling 8.9 million shares of common stock at a price of $13.50 per share. The company plans to use the net proceeds to fund the research and development of lorundrostat, in addition to working capital and general corporate purposes.
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Mineralys Therapeutics, Inc. CEO Jon Congleton will participate in a fireside chat at the Guggenheim Securities 6th Annual Biotechnology Conference in New York City on February 8, 2024. The company focuses on developing medicines for hypertension, chronic kidney disease, and other diseases driven by elevated aldosterone levels.
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Mineralys Therapeutics, Inc. (Nasdaq: MLYS) announced the appointment of Minji Kim, Ph.D. as Chief Business Officer, splitting the functions of CFO and CBO into two roles. Dr. Kim brings over two decades of experience in business development, strategic leadership, and scientific research, having worked with biotech companies in the U.S. and overseas. She has a solid track record of generating value for companies and brings extensive experience in the pharmaceutical industry.
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Mineralys Therapeutics, Inc. (Nasdaq: MLYS) announces the dosing of the first subject in the Launch-HTN pivotal trial to evaluate the safety and efficacy of lorundrostat for the treatment of uncontrolled or resistant hypertension. The company expects to release topline data from the confirmatory Launch-HTN trial in the second half of 2025 and from the ongoing Advance-HTN pivotal trial in the second half of 2024.
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Mineralys Therapeutics, Inc. (Nasdaq: MLYS) presents new data from the Target-HTN Phase 2 trial at the American Heart Association Scientific Sessions 2023. The analysis reveals a positive feedback loop between obesity, leptin, and aldosterone, indicating potential benefits for obese patients with uncontrolled or resistant hypertension from lorundrostat treatment. Serum leptin levels and BMI are correlated, suggesting leptin as a biomarker for lorundrostat-responsive individuals.
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Mineralys Therapeutics, Inc. (NASDAQ: MLYS) announced senior management's participation in upcoming healthcare conferences in New York, London, and Miami. The company will present and engage in fireside chats, discussing its focus on developing medicines for hypertension, chronic kidney disease, and other aldosterone-driven diseases.
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Mineralys Therapeutics, Inc. (Nasdaq: MLYS) announces plans to initiate Phase 3 pivotal Launch-HTN trial of lorundrostat to treat uncontrolled or resistant hypertension in 2H 2023, with a Phase 2 Explore-CKD trial also set to start in the same period. The company reported financial results for Q3 2023 and provided corporate updates, including the addition of two new Board members and the upcoming poster presentation at AHA Scientific Sessions 2023.
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Mineralys Therapeutics presented a new post-hoc analysis from the Target-HTN Phase 2 trial of lorundrostat, a highly selective aldosterone synthase inhibitor, at the ASN Kidney Week 2023. The analysis identified a population of responders to lorundrostat who experienced a median reduction in systolic blood pressure of 32 mmHg. The enhanced response was proportional to the elevation in body mass index (BMI) and may indicate an obesity-related, aldosterone-dependent hypertensive endotype.
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Mineralys Therapeutics, Inc. (NASDAQ: MLYS) will report its financial results from the third quarter ended September 30, 2023, after the financial markets close on Tuesday, November 7, 2023. The company focuses on developing medicines to target hypertension, chronic kidney disease (CKD), and other diseases driven by abnormally elevated aldosterone. The conference call will be held on Tuesday, November 7th at 4:30 p.m. ET. A live webcast and replay of the call will be available on the company's website.
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Mineralys Therapeutics announces upcoming poster presentations at scientific conferences
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FAQ

What is the current stock price of Mineralys Therapeutics (MLYS)?

The current stock price of Mineralys Therapeutics (MLYS) is $8.94 as of March 3, 2025.

What is the market cap of Mineralys Therapeutics (MLYS)?

The market cap of Mineralys Therapeutics (MLYS) is approximately 438.1M.

What does Mineralys Therapeutics, Inc. specialize in?

Mineralys Therapeutics specializes in developing therapies for diseases driven by dysregulated aldosterone, including hypertension, chronic kidney disease (CKD), and obstructive sleep apnea (OSA).

What is lorundrostat?

Lorundrostat is Mineralys' proprietary, orally administered, highly selective aldosterone synthase inhibitor designed to reduce aldosterone levels and treat conditions like hypertension and CKD.

How does Mineralys differentiate itself from competitors?

Mineralys focuses on targeting aldosterone-driven diseases with its selective aldosterone synthase inhibitor technology, addressing the root cause of conditions like uncontrolled hypertension and CKD.

What are the primary clinical trials Mineralys is conducting?

Mineralys is conducting pivotal trials like Advance-HTN and Launch-HTN for hypertension and Explore-CKD for chronic kidney disease, evaluating lorundrostat's efficacy and safety.

What is the significance of aldosterone in hypertension and CKD?

Elevated aldosterone levels contribute to hypertension and CKD by promoting fluid retention and vascular damage. Lorundrostat targets this hormonal dysregulation to improve patient outcomes.

Where is Mineralys Therapeutics headquartered?

Mineralys Therapeutics is headquartered in Radnor, Pennsylvania, USA.

What patient populations does Mineralys target?

Mineralys targets patients with uncontrolled or resistant hypertension, chronic kidney disease, and obstructive sleep apnea, particularly those with elevated aldosterone levels.

What is the competitive advantage of lorundrostat?

Lorundrostat's high selectivity for aldosterone synthase inhibition minimizes off-target effects, offering a more precise and effective treatment option for aldosterone-driven conditions.
Mineralys Therapeutics, Inc.

Nasdaq:MLYS

MLYS Rankings

MLYS Stock Data

438.06M
42.83M
2.52%
101.76%
3.76%
Biotechnology
Pharmaceutical Preparations
Link
United States
RADNOR