MoonLake’s Potential Sale: Stock Price Up Fivefold Since Public Debut In 2022

MoonLake Immunotherapeutics (NASDAQ: MLTX) has reportedly engaged an investment bank as the Swiss company looks for a potential sale.

The company focuses on developing antibody-derived treatments for inflammatory skin conditions.

The is in preliminary talks with pharmaceutical companies interested in a potential acquisition. Citing the sources, Reuters emphasized that a deal isn’t guaranteed and wished to remain anonymous. 

Companies specializing in immunology have been popular acquisition targets, as indicated by recent acquisitions such as Merck & Co Inc’s (NYSE: MRKpurchase of Prometheus BioSciences …

Full story available on Benzinga.com

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