MoonLake Immunotherapeutics: Lack Of Near Term Catalysts Makes It A Hold [Seeking Alpha]
MoonLake Immunotherapeutics - Class A Ordinary Shares (MLTX)
Company Research
Source: Seeking Alpha
Follow Play 9min Summary MoonLake Immunotherapeutics' stock has been volatile but is currently back to its previous year's level, reflecting mixed performance in a bullish biotech market. SLK, MoonLake's key asset, shows promising Phase 2b results in HS, PsA, and psoriasis, with Phase 3 trials ongoing and new indications being explored. Financially, MLTX has a $3bn market cap and $520mn cash, ensuring a runway of 10-12 quarters despite significant R&D expenses. The primary risk is the lack of near-term catalysts, with significant data expected only by mid-2025, making it a hold rather than a buy. apomares/E+ via Getty Images Since I covered MoonLake Immunotherapeutics ( NASDAQ: MLTX ) a year ago, the stock had a large drop but then recovered back to where it was last year. Given this year has turned out bullish for biotech, that is not solid performance from a company that was once a multibagger stock. Background MoonLake is a Swiss company that acquired a solid
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High impacting MoonLake Immunotherapeutics - Class A Ordinary Shares news events
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MLTX
News
- MoonLake Immunotherapeutics (NASDAQ: MLTX) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $100.00 price target on the stock.MarketBeat
- MoonLake Immunotherapeutics starts Phase 3 IZAR program of the Nanobody® sonelokimab in patients with active psoriatic arthritisGlobeNewswire
- MoonLake Immunotherapeutics (NASDAQ: MLTX) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $100.00 price target on the stock.MarketBeat
- MoonLake Immunotherapeutics Reports Third Quarter 2024 Financial Results and Provides a Business UpdateGlobeNewswire
- MoonLake Immunotherapeutics (NASDAQ: MLTX) was upgraded by analysts at Wedbush to a "strong-buy" rating.MarketBeat
MLTX
Earnings
- 11/7/24 - Miss
MLTX
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- MLTX's page on the SEC website