Insiders Bet Big on These 3 Fintech and Biotech Stocks
In the past week or so, a fintech firm and two biotechs saw some huge insider buying. However, these were not the only notable insider purchases recently.
Headquartered in Radnor, PA Fiscal year ends December NASDAQ: MLYS mineralystx.com
Mineralys Therapeutics is a biopharmaceutical company focused on developing medicines to target hypertension and aldosterone-related adverse outcomes in comorbid conditions such as chronic kidney disease, obstructive sleep apnea, and other diseases driven by dysregulated aldosterone. Its lead product candidate, lorundrostat, is an investigational, proprietary, orally administered, highly selective aldosterone synthase inhibitor that reduces aldosterone levels by inhibiting CYP11B2. The company has completed six late-stage clinical trials of lorundrostat, including two pivotal registrational trials (Phase 3 Launch-HTN and Phase 2 Advance-HTN), and has submitted a New Drug Application to the FDA with a PDUFA target date of December 22, 2026. Mineralys is a pre-revenue, clinical-to-commercial stage company preparing for its first potential product launch. The company was founded by Catalys Pacific and trades on Nasdaq under the ticker MLYS. Updated
In the past week or so, a fintech firm and two biotechs saw some huge insider buying. However, these were not the only notable insider purchases recently.
In the past week or so, some public offerings prompted huge insider buying. However, these were not the only notable insider purchases recently.
Though insider buying has slowed during the first-quarter earnings reporting season, some insiders continued to build stakes or bucked selling trends.
Mineralys Therapeutics is a biopharmaceutical company focused on developing medicines to target hypertension and aldosterone-related adverse outcomes in comorbid conditions such as chronic kidney disease, obstructive sleep apnea, and other diseases driven by dysregulated aldosterone.
The Wall Street consensus 12-month price target for MLYS is $48.50.