MoonLake Immunotherapeutics/$MLTX

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About MoonLake Immunotherapeutics

MoonLake Immunotherapeutics is a clinical-stage biotechnology company advancing therapies to address unmet needs in inflammatory skin and joint diseases. The company is focused on the development of SLK, a novel tri-specific IL-17A and IL-17F inhibiting Nanobody that has the potential, based on response levels seen in clinical trials, to drive disease modification in dermatology and rheumatology patients.

Ticker

$MLTX
Sector
Primary listing

Employees

100

Headquarters

Zug, Switzerland

MLTX Metrics

BasicAdvanced
$759M
-
-$3.33
1.24
-

Bulls say / Bears say

Merck engaged in nonbinding talks to acquire MoonLake for over $3 billion, signaling strong strategic interest in MoonLake’s SLK platform ahead of its late-stage clinical readouts (Reuters).
MoonLake secured a $500 million non-dilutive term loan facility with Hercules Capital, which, alongside its cash balance, extends its projected cash runway into 2028, providing financial flexibility and insulation from market volatility (SEC).
The company’s diversified clinical pipeline remains on track for multiple catalysts, including an earlier-than-expected interim readout from the Phase 2 PPP trial and a pivotal Phase 3 HS primary endpoint data readout expected around September 2025, supporting a stable development trajectory across indications (GlobeNewswire).
Sonelokimab failed to meet the primary endpoint in one of two pivotal Phase 3 hidradenitis suppurativa trials, with the VELA-2 study narrowly missing statistical significance, triggering an 88% share price collapse on disappointing efficacy data (Barron's).
A securities class action lawsuit filed after the Phase 3 data release alleges that MoonLake misled investors regarding SLK’s purported clinical advantages over existing monoclonal antibodies, exposing the company to significant legal liabilities and potential damages (PRNewswire).
Mixed Phase 3 results have undermined regulatory confidence, as only one of two VELA trials met its endpoint, raising the likelihood that regulators may require additional confirmatory studies before approving sonelokimab, potentially delaying the BLA submission and commercialization timeline (S&P Global).
Data summarised monthly by Lightyear AI. Last updated on 2 Nov 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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