Capital AccessMLTX announced access to non-dilutive capital of up to $500mn via a newly secured credit facility.
Clinical Trial ProgressMLTX announced the initiation of three studies of IL-17A/F nanobody sonelokimab (SLK) in adolescent patients with hidradenitis suppurativa (HS), palmoplantar pustulosis (PPP), and axial spondyloarthritis (axSpA), which is seen as positive progress in expanding the market opportunity for SLK.
Financial PositionMLTX's strong balance sheet, with end of 3Q24 cash of $493.9M and a guided runway to YE26, should provide solid support for continued clinical development activities.