Welcome to our dedicated page for Mirum Pharmaceuticals news (Ticker: MIRM), a resource for investors and traders seeking the latest updates and insights on Mirum Pharmaceuticals stock.
Mirum Pharmaceuticals, Inc. develops and commercializes medicines for rare diseases, with recurring updates centered on product sales, clinical readouts, regulatory interactions and employee equity grants. The company’s commercial portfolio includes LIVMARLI® (maralixibat) for Alagille syndrome and progressive familial intrahepatic cholestasis, CHOLBAM® (cholic acid) for bile-acid synthesis disorders, and CTEXLI® (chenodiol) for cerebrotendinous xanthomatosis.
News about MIRM also covers clinical-stage programs including volixibat, an IBAT inhibitor for primary sclerosing cholangitis and primary biliary cholangitis; brelovitug, a monoclonal antibody designed to bind hepatitis B surface antigen for chronic hepatitis delta virus; and MRM-3379, a PDE4D inhibitor for Fragile X syndrome. Company updates report financial results, pipeline licensing activity and inducement awards under Nasdaq Listing Rule 5635(c)(4).
Mirum Pharmaceuticals presented data on their oral solution, LIVMARLI (maralixibat), at the 56th ESPGHAN Annual Meeting in Milan. Seven abstracts highlighted LIVMARLI's efficacy in treating Alagille syndrome (ALGS) and Progressive Familial Intrahepatic Cholestasis (PFIC). Key findings from the Phase 3 MARCH-ON PFIC study showed significant and sustained improvements in pruritus severity, serum bile acid levels, total bilirubin, and growth over two years. One-third of patients on LIVMARLI discontinued at least one antipruritic medication. These results underscore LIVMARLI's potential in improving liver health and reducing medication dependency in children with PFIC and ALGS.
Mirum Pharmaceuticals, Inc. announced the granting of inducement awards to new employees under the 2020 Inducement Plan. The grants consist of stock options and restricted stock units (RSUs) totaling 38,600 shares of common stock and 19,300 RSUs. The stock options have an exercise price of $24.76 per share, will vest over four years, and the RSUs will vest over three years. The awards were approved by the Compensation Committee of Mirum's Board of Directors as an inducement material for the new employees' employment.
Mirum Pharmaceuticals reported a strong first quarter in 2024, with total revenue of $69.2 million and on track to achieve full-year guidance of $310 to $320 million. The FDA approval of LIVMARLI for cholestatic pruritus in PFIC patients was achieved in March. The company maintains a cash balance of $302.8 million as of March 31, 2024, and has important interim analyses scheduled for June 2024. Mirum's commercial business is performing well, with continued demand growth and net sales increase.
Mirum Pharmaceuticals, a biopharmaceutical company specializing in rare and orphan diseases, is set to present at the Citizens JMP Life Sciences Conference in New York on May 14th. Investors can access the webcast via Mirum's website.
Mirum Pharmaceuticals, Inc. (Nasdaq: MIRM) announced the publication of Phase 3 MARCH data in The Lancet, showcasing the benefits of LIVMARLI (maralixibat) in patients with PFIC. The study confirmed the efficacy and safety of LIVMARLI across a broad genetic range of PFIC types, with significant improvements observed in pruritus, serum bile acids, growth, and bilirubin levels.
Mirum Pharmaceuticals, Inc. (NASDAQ: MIRM) will announce its first quarter 2024 financial results on May 8, 2024, followed by a conference call to discuss recent corporate progress. The call will be accessible via phone or webcast.
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