IPO Update: Mineralys Therapeutics Readies $150 Million IPO Plan [Seeking Alpha]
Impel Pharmaceuticals Inc. (IMPL)
Company Research
Source: Seeking Alpha
SolskinA Quick Take On Mineralys TherapeuticsMineralys Therapeutics (MLYSThe firm is a clinical-stage biopharma developing treatments for diseasesdue to abnormally elevated aldosterone.MLYS has produced positive Phase 2 efficacy results for its primary candidate.Given the firm's positive efficacy results so far, it's backing by well-known venture capital firm investors and it's relatively short time to a potential upside catalyst, for life science investors with an 18- to 24-month hold time frame, my outlook is a Buy at up to $15.00 per share.Mineralys OverviewRadnor, Pennsylvania-based Mineralys Therapeutics was founded to develop lorundrostat, an aldosterone inhibitor that promises to reduce uncontrolled hypertension [uHTN] in patients unable to achieve blood pressure below 130/80.Management is headed byChief Executive Officer Jon Congleton, who has been with the firm since November 2020 and was previously CEO of Impel NeuroPharma and before that, CEO of Nivalis Therapeutics.The fir
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