Tag: NASD:MLYS

  • Mineralys (MLYS) Sees Strong Pre-Hour Growth After Promising Clinical Trial News

    Mineralys (MLYS) Sees Strong Pre-Hour Growth After Promising Clinical Trial News

    The stock value of Mineralys Therapeutics, Inc. (NASDAQ: MLYS) has skyrocketed, gaining 54.37% to $16.24 in pre-market trade. This spike comes in reaction to the revelation of extremely optimistic results from the company’s latest clinical studies.

    Good Results from the Trial

    The jump in stock valuation followed the revelation of good topline data from two critical clinical trials: the Launch-HTN Phase 3 study and the Advance-HTN Phase 2 trial. The effectiveness and safety of lorundrostat, a new medication for resistant hypertension (rHTN) and uncontrolled hypertension (uHTN), were the main topics of these research.

    Mineralys’ both studies showed statistically significant and clinically relevant outcomes, meeting their pre-established primary efficacy goals. Furthermore, it was demonstrated that lorundrostat had a good safety and tolerability profile.

    The trial’s main goal, a placebo-adjusted drop in systolic blood pressure from baseline, was accomplished by taking a 24-hour average blood pressure reading at week 12. Other predefined end criteria that matched those in the Launch-HTN project included safety, tolerability, and efficacy characteristics in the dose-escalation group.

    A Possible Advancement

    These encouraging results are especially noteworthy since they imply that lorundrostat may prove to be a game-changing treatment for the 15–20 million Americans who suffer from uncontrolled hypertension. The results of the clinical trials provide credence to the idea that lorundrostat could provide a much-needed substitute for individuals whose hypertension is still challenging to control with existing therapies.

    Consequences for Upcoming Regulatory Acceptance

    Mineralys has now successfully completed three clinical trials that underline the efficacy, safety, and tolerability of lorundrostat, highlighting the importance of targeting dysregulated aldosterone in hypertension treatment. The promising clinical profile of lorundrostat strengthens the case for its potential regulatory approval and positions the drug for substantial commercial success.

    Continued Research and Data Dissemination

    Mineralys intends to publish further results from these studies in peer-reviewed journals and at future medical conferences. As patients continue their lorundrostat medication, MLYS’ current Transform-HTN open-label extension experiment will continue to offer vital safety and effectiveness data.

  • What Caused After-Hour Rise In Mineralys (MLYS) Stock?

    What Caused After-Hour Rise In Mineralys (MLYS) Stock?

    On the US stock charts, Mineralys Therapeutics, Inc. (NASDAQ: MLYS) had a 12.02% increase in stock price during Friday’s extended session, closing at $9.69. The regular session saw a stabilization of the Mineralys stock, with a mere 0.23% rise to close at $8.65. Following the news of a new appointment, MLYS stock shot up.

    Minji Kim, Ph.D. has been appointed Chief Business Officer of Mineralys (MLYS). Chief Financial Officer Adam Levy will continue to serve in this capacity. Mineralys has chosen to divide the responsibilities of Chief Financial Officer and Chief Business Officer into two due to the company’s growing activities.

    Dr. Kim has a proven track record of seeing and seizing strategic opportunities to create value for a number of businesses. With its whole executive team in place at the beginning of 2024, MLYS will be better equipped to pursue its late-stage clinical development of lorundrostat as a therapy for aldosterone-dependent diseases such hypertension and chronic renal disease.

    Lorundrostat has a great deal of potential to meet unmet needs in patients with diseases associated with abnormally elevated aldosterone, as evidenced by the several clinical milestones that are expected for the drug over the next 12 to 18 months and the present status of the in progress pivotal clinical development program.

    Dr. Kim has over twenty years of expertise in scientific research, strategic leadership, and commercial growth. She has worked in a variety of therapeutic and technical sectors for biotech businesses both domestically and internationally during her career. She got many products into the pipeline while serving as General Manager at Affamed Digital and Chief Business Officer at Affamed Therapeutics before joining Mineralys.

    In order to assess the safety and effectiveness of lorundrostat as an add-on therapy to recommended background medication for the treatment of uncontrolled hypertension (uHTN) or resistant hypertension (rHTN), Mineralys recently dosed the first participant in the Launch-HTN pivotal study.