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Biotech Stocks Facing FDA Decision in March 2024

Mirum Pharma
Mirum Pharma

Mirum Pharmaceuticals Inc. (MIRM) has sought FDA approval to expand the use of its lead drug Livmarli in treating progressive familial intrahepatic cholestasis and a decision is expected on March 13, 2024.

Progressive Familial Intrahepatic Cholestasis (PFIC) is a rare inherited disorder characterized by impaired bile flow and progressive liver disease.

Livmarli is already approved in the U.S. and Europe to treat cholestatic pruritus in patients with Alagille syndrome.

For full-year 2023, the company expects Livmarli net products sales to range between $141 million and $143 million, representing approximately 89% year-over-year growth.

MIRM closed Tuesday's (Feb.27, 2024) trading at $29.61, up 1.89%.