MLYS
Mineralys Therapeutics, Inc.36.04
+0.02+0.06%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.85BP/E (TTM)
-Basic EPS (TTM)
-2.92Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Upsized $250M stock offering priced
Mineralys Therapeutics priced an upsized public offering of 9,803,921 common shares at $25.50 each on September 2, 2025, expecting net proceeds of $234.7 million—or $269.9 million if underwriters exercise their 30-day option for 1,470,588 more shares—closing September 4 subject to conditions. Funds will advance lorundrostat's clinical development, manufacturing, and pre-commercialization for hypertension treatments. This capital infusion bolsters the pipeline. Yet market volatility could delay closure.
8-K
Suspends ATM equity program
Mineralys Therapeutics suspended its at-the-market equity offering program on September 2, 2025, by notifying BofA Securities and Evercore, terminating the April 11, 2024 prospectus supplement under the March 21, 2024 Sales Agreement. No further common stock sales will occur without a new supplement, though the agreement stays active. This pause signals a strategic shift in capital raising amid biotech market volatility.
10-Q
Q2 FY2025 results
Mineralys Therapeutics posted a Q2 net loss of $43.3 million, up 5.5% y/y from $41.0 million, driven by higher general and administrative costs that outpaced a slight dip in R&D spending after wrapping pivotal trials for lorundrostat. Operating expenses hit $46.7 million, while interest income cushioned the blow at $3.5 million. Cash burn quickened to $75.7 million over the first half, but a March public offering pumped in $188.7 million, leaving $324.9 million in cash and investments at quarter-end—enough for at least a year. No debt weighs on the balance sheet. Positive trial data keeps momentum alive. Yet regulatory hurdles loom large.
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