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Mineralys Therapeutics (Nasdaq: MLYS) has priced its upsized initial public offering of 12,000,000 shares at $16.00 per share, anticipating gross proceeds of $192 million. The shares will begin trading on the Nasdaq Global Select Market starting February 10, 2023, with the offering expected to close on February 14, 2023. An option for underwriters to purchase an additional 1,800,000 shares is also included. The funds raised are aimed at advancing its lead product, lorundrostat, a potential treatment for uncontrolled hypertension.
