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MoonLake Immunotherapeutics Faces Downgrade but Shows Promising FDA Feedback
Financial Modeling Prep· 2026-01-15 06:03
Group 1 - MoonLake Immunotherapeutics, trading under the symbol MLTX, is a clinical-stage biotechnology company focused on developing therapies for inflammatory diseases [1][5] - Goldman Sachs downgraded MLTX to "Sell" from "Neutral," with a price target of $10, indicating a potential decrease of approximately -42.56% from the current price of $17.41 [1][5] - The company has made significant progress with its lead product, Sonelokimab (SLK), receiving positive feedback from the FDA regarding its Biologic License Application (BLA) for treating Hidradenitis Suppurativa (HS) [2][5] Group 2 - The FDA confirmed that MoonLake could use existing trial data to establish SLK's effectiveness, allowing the company to proceed with the BLA submission in the second half of 2026 [3][5] - This regulatory clarity is crucial for potentially expediting the approval process for SLK [3] - MoonLake plans to discuss the FDA feedback and other opportunities for SLK during an Investor Day on February 23, 2026 [3] Group 3 - Currently, MLTX is priced at $17.41, with a recent increase of $0.31, or approximately 1.81% [4] - The stock has fluctuated between $17.02 and $17.91 today, with a market capitalization of around $1.1 billion and a trading volume of 1,892,708 shares [4] - Over the past year, MLTX has seen a high of $62.75 and a low of $5.95 [4]