FinTechFunding

Mineralys Therapeutics: Completes $192M IPO

Mineralys Therapeutics Completes $192M IPO

  • Mineralys Therapeutics, a US-based clinical-stage biopharmaceutical company, completed last Friday a $192m initial public offering (IPO) on the Nasdaq Global Select Market at $16.00 per share
  • The share price rose to $18.44 (+15.25%) at the closing on its first day of trading
  • Mineralys is a clinical-stage biopharmaceutical company focused on developing medicines to target diseases driven by abnormally elevated aldosterone
  • Its initial product candidate, lorundrostat, is a proprietary, orally administered, highly selective aldosterone synthase inhibitor that Mineralys is initially developing for the treatment of patients with uncontrolled hypertension
  • The company has completed a Phase 2 study in uncontrolled and resistant hypertension and has announced positive results in November 2022
  • The IPO financing will support the company to advance its pivotal program in uncontrolled hypertension in the United States
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Rinsu Ann Easo
Rinsu Ann Easo
Diligent Technical Lead with 9 years of experience in software development. Successfully lead project management teams to build technological products. Exposed to software development life cycle including requirement analysis, program design, development and unit testing and application maintenance. Has worked on Java, PHP, PL/SQL, Oracle forms and Reports, Oracle, Bootstrap, structs, jQuery, Ajax, java script, CSS, Microsoft Excel, Microsoft Word, C++, and Microsoft Office.

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