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Stock impact report

Mirum doubles down on diversified rare disease strategy [Yahoo! Finance]

Mirum Pharmaceuticals, Inc. - common stock (MIRM) 
Last mirum pharmaceuticals, inc. - common stock earnings: 3/12 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Rare disease companies often focus on developing just a few products — or even only one — before they're ultimately acquired. “Over the past handful of years now, there were a number of these single-product, rare disease companies, and their end goal really almost had to be to get acquired,” said Chris Peetz, CEO of Mirum Pharmaceuticals. “Because a single rare disease product oftentimes is just not big enough to support all the infrastructure it takes to commercialize the medicine.” Mirum's approach, however, is different, building a larger and more diverse portfolio of several rare disease therapies. The company acquired biotech Bluejay Therapeutics in January, adding the late-stage monoclonal antibody for hepatitis D, brelovitug, to its pipeline. Mirum scored its first FDA approval in 2021 with Livmarli, which treats cholestatic pruritus in patients with the rare genetic liver condition Alagille syndrome. By focusing on “these underserved, smaller medicines that can have a Show less Read more
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