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MBX

MBX Biosciencesdistress 2/10 · well-funded / low risk
$59.27+2%today-10% from 52w high
mbxbio.com63 employeesFounded 2018Carmel, INBiotechnology
Nephrology 1
Lead: obesity · est. market ~$15B (approx, global)
Revenue
pre-revenue
Liquidity
$440M
Runway
5.7 yrs
Shares 1y
+42%

Price & events

+39.8% over 6M
$26.92$46.31$65.71Jan 26Apr 26Jul 262.9Mdilution: S-3ASR shelf_registration (2026-03-12)financing: 8-K material_agreement (2026-02-27)catalyst: PHASE2 imapextide (2026-06-30) — click to opencatalyst: PHASE2 canvuparatide (2026-06-30) — click to openrating: Barclays: Overweight (2026-05-12)rating: Citizens: Market Outperform (2026-05-12)rating: Truist Securities: Buy (2026-05-11)rating: Barclays: Overweight (2026-01-28)
CatalystRating changeDilutionFinancingdashed = today
+1.7%
1D
+1.6%
1W
+27.8%
1M
+77.5%
3M
+56.6%
6M
+333.3%
1Y
2Y
5Y
+150.6%
All

Overview

Market Cap
$2.82B
Volume
30.61K
52 Week Range
$9.74 – $65.71
Total Shares
47.60M
Float Shares
27.05M
Short %
17.38%
% Held by Insiders
2.70%
% Held by Institutions
120.59%
RVOL
0.03x

Pipeline stages · 3 programs

400 µg of MBX 2109 once-weekly by subcutaneous injection, 200-1600 µg of MBX 2109 once-wee
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2027-05-27
MBX 2109, MBX 2109, MBX 2109, MBX 2109
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
MBX 1416 (INN imapextide)
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved

Pipeline · 4 trials · 1 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2027-05-27
Estimated 50%
readout ~2027-07-11
Phase 2400 µg of MBX 2109 once-weekly by subcutaneous injection, 200-1600 µg of MBX 2109 once-weeHypoparathyroidismactive not recruiting
2025-12-22
Phase 2MBX 1416 (INN imapextide)Postbariatric Hypoglycemia10recruiting
2025-09-04
Phase 1MBX 2109, MBX 2109, MBX 2109, MBX 2109Renal Impairment25completed
2025-05-23
Phase 2MBX 2109Hypoparathyroidism64completed

Upcoming readouts & decisions · our signals

1 upcoming event has our read — the sell-the-news timing call plus an experimental clinical estimate. Go Pro to see them.

Catalyst news & presentations · 13

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 47,597,536 · 1 offerings/1y · 0 PIPEs
  • 2026-03-12S-3ASRshelf_registration
  • 2026-02-278-Kmaterial_agreement
  • 2025-12-08EFFECTshelf_effective
  • 2025-11-06S-3shelf_registration
  • 2025-09-268-Kmaterial_agreement
  • 2025-09-25424B4offering
  • 2025-09-24EFFECTshelf_effective
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
Upgrade to Pro
🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
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Wall St ratings

strong buy · target $69 (+16% upside) · 11 analysts
  • 2026-05-12BarclaysOverweight
  • 2026-05-12CitizensMarket Outperform
  • 2026-05-11Truist SecuritiesBuy
  • 2026-01-28BarclaysOverweight
  • 2026-01-16GuggenheimBuy
  • 2026-01-07UBSBuy

Competitors — obesity

  • LLYELI LILLY & Co$1094.4B · D3
  • AMGNAMGEN INC$195.4B · D3
  • GPCRStructure Therapeutics Inc.$11.2B · D4
  • RYTMRHYTHM PHARMACEUTICALS, INC.$7.0B · D0
  • WVEWave Life Sciences Ltd.$1.1B · D1
  • CRBPCorbus Pharmaceuticals Holdings, Inc.$164M · D7
  • GUTSFRACTYL HEALTH, INC.$123M · D9
  • VANIVivani Medical, Inc.$118M · D7
  • MTVAMetaVia Inc.$8M · D7
  • NONOFNOVO NORDISK A S · D2

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.