Olivier Litzka
Olivier Litzka, Ph.D. informed the Board of his decision to resign from the Board, effective June 13, 2024.
Highest-materiality recent filing
Mineralys prices $150M common stock offering at $26.50/sh; proceeds to fund royalty repurchase
5,660,378 shares at $26.50/share; gross proceeds ~$150M, net ~$142.5M.
Mineralys terminates lorundrostat royalties, secures up to $500M debt facility
Amended Tanabe license: $200M one-time payment; royalties eliminated; license perpetual; up to $365M in milestones remain.
Mineralys Therapeutics 2026 annual meeting results: directors elected, auditor ratified
Elected three Class III directors to serve until 2029: Akkaraju (67.1M for), Slingsby (67.1M for), Karydas (66.6M for).
Mineralys Therapeutics Q1 net loss $39.3M; FDA accepts lorundrostat NDA with Dec 22, 2026 PDUFA
Net loss $39.3M for Q1 2026 vs $42.2M Q1 2025; cash $646.1M, sufficient into 2028.
Mineralys Therapeutics reports Q4/FY2025 results; FDA accepts lorundrostat NDA, PDUFA Dec 22, 2026
FDA accepted NDA for lorundrostat for hypertension; PDUFA target date December 22, 2026.
FDA accepts Mineralys' NDA for hypertension drug lorundrostat; PDUFA Dec 22, 2026
FDA accepted NDA for lorundrostat for hypertension in combination with other antihypertensives; PDUFA target date December 22, 2026.
Mineralys files NDA for lorundrostat, expects Explore-OSA data Q1 2026
Filed new drug application for lorundrostat with FDA in late 2025.
Mineralys Therapeutics Q3 net loss $36.9M; NDA planned late-2025/Q1 2026; cash $593.6M
Net loss $36.9M for Q3 2025 vs $56.3M YoY; R&D expenses fell to $31.5M from $54.0M.
Mineralys prices upsized $250M public offering at $25.50/share
9,803,921 shares at $25.50/share; total gross proceeds ~$250M.
Mineralys Therapeutics terminates ATM prospectus supplement, halts sales until new filing
Delivered written notice to BofA Securities and Evercore terminating prospectus supplement dated April 11, 2024.
Mineralys Therapeutics Q2 net loss $43.3M; cash $324.9M; pre-NDA meeting set for Q4 2025
Net loss $43.3M vs $41.0M in Q2 2024; R&D expenses $38.3M, G&A $8.5M.
Positive Phase 2 Explore-CKD results for lorundrostat; primary endpoint met
Lorundrostat 25 mg reduced systolic BP by 9.3 mmHg (–7.5 mmHg placebo-adjusted, p=0.0024) in hypertensive CKD patients.
Stockholders elect two Class II directors; ratify EY as auditor for FY2025
Glenn P. Sblendorio elected with 45.4M for (85.8% of votes cast) and Derek DiRocco with 45.3M for (85.6%).
Mineralys reports positive pivotal trial results; Q1 net loss $42.2M; cash $343M
Launch-HTN: 50 mg lorundrostat achieved 9.1 mmHg placebo-adjusted SBP reduction at week 6 (p<0.0001).
Lorundrostat 50 mg achieved a 7.9 mmHg placebo-adjusted reduction in 24-hour SBP at week 12 (p=0.001).
Mineralys prices $175M public offering (12.96M shares at $13.50); net proceeds ~$164.2M
Offering of 12,962,962 shares at $13.50; gross proceeds $175M; net proceeds ~$164.2M.
Launch-HTN Phase 3: 50 mg lorundrostat achieved 9.1 mmHg placebo-adjusted SBP reduction (p<0.0001) at week 6 and 11.7 mmHg at week 12.
Mineralys reports FY2024 net loss $177.8M; cash $198.2M; pivotal data expected Q1-Q2 2025
Net loss for FY2024 was $177.8M vs $71.9M in FY2023; R&D spend $168.6M vs $70.4M.
Phase 2 trial evaluating lorundrostat for hypertension in Stage 2-3b CKD with albuminuria on stable ACEi/ARB and SGLT2i.
FDA cleared IND for Phase 2 trial of lorundrostat in moderate-to-severe OSA with hypertension.
Mineralys Q3 net loss widens to $56.3M; pivotal trial enrollments complete, data due H1 2025
Net loss of $56.3M for Q3 2024 vs $22.8M in Q3 2023; R&D expense rose to $54.0M from $22.5M.
Mineralys completes Launch-HTN enrollment ahead of schedule; topline data mid-H1 2025
Enrollment completed ahead of schedule in global Phase 3 Launch-HTN trial of lorundrostat for uncontrolled or resistant hypertension.
Mineralys completes enrollment of 261 subjects in pivotal Advance-HTN trial; topline Q1 2025
Target enrollment of 261 subjects achieved in Phase 2 Advance-HTN trial of lorundrostat for uncontrolled or resistant hypertension.
Mineralys reports Q2 net loss $41M; Advance-HTN trial ~90% enrolled, on track for Q1 2025 data
Net loss of $41.0M for Q2 2024 vs $12.1M in Q2 2023; cash and investments of $311.1M as of June 30, 2024.
Mineralys Therapeutics appoints Dr. Alexander Gold to board; Dr. Olivier Litzka resigns
Appointed Alexander M. Gold, M.D. as Class I director and to Nominating and Corporate Governance Committee, effective June 13, 2024.
FDA agreed to change Launch-HTN primary endpoint to automated office systolic BP at 6 weeks, pooled 50 mg QD; topline data expected H2 2025.
Mineralys files legal opinion for ATM equity offering with BofA and Evercore
Legal opinion filed regarding issuance of common stock under ATM offering agreement dated March 21, 2024.
Proposal 1: Jon Congleton elected as Class I director with 26,418,385 votes for, 3,775,533 withheld, 1,838,014 broker non-votes.
Mineralys Q1 net loss $31.5M; cash $338.6M; Advance-HTN topline due Q4 2024
Net loss of $31.5M for Q1 2024, up from $12.6M in Q1 2023; R&D expenses $30.8M.
Director Alexander Asam not standing for re-election at 2024 annual meeting
Alexander Asam, Ph.D. informed the Board on March 29, 2024 of his decision.
Net loss of $71.9M for FY 2023 vs $29.8M in 2022; R&D expenses increased to $70.4M.
Olivier Litzka, Ph.D. informed the Board of his decision to resign from the Board, effective June 13, 2024.
the Board appointed Alexander M. Gold, M.D. as a member of the Board and the Nominating and Corporate Governance Committee of the Board.
On March 29, 2024, Alexander Asam, Ph.D. informed the Board of Directors (the “Board”) of Mineralys Therapeutics, Inc. (the “Company”) of his decision not to stand for re-election to the Board when his current term expires at the Company’s 2024 annual meeting of stockholders.
Max materiality 0.90 · Median 0.65 · Most common event other_material