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Mirum Pharmaceuticals Announces Merger with Bluejay Therapeutics

Story Highlights
  • Mirum Pharmaceuticals is acquiring Bluejay Therapeutics to enhance its rare liver disease portfolio.
  • The acquisition includes brelovitug, a drug for HDV, with a potential launch in 2027.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mirum Pharmaceuticals Announces Merger with Bluejay Therapeutics

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The latest announcement is out from Mirum Pharmaceuticals ( (MIRM) ).

On December 6, 2025, Mirum Pharmaceuticals announced a merger agreement with Bluejay Therapeutics, aiming to acquire Bluejay’s investigational drug brelovitug, a monoclonal antibody for chronic hepatitis delta virus (HDV). This acquisition, expected to close in the first quarter of 2026, will enhance Mirum’s leadership in rare liver diseases, potentially leading to a biologics license application submission in 2027. Additionally, Mirum has secured a $200 million private placement to support clinical development and commercial activities post-acquisition.

The most recent analyst rating on (MIRM) stock is a Hold with a $69.00 price target. To see the full list of analyst forecasts on Mirum Pharmaceuticals stock, see the MIRM Stock Forecast page.

Spark’s Take on MIRM Stock

According to Spark, TipRanks’ AI Analyst, MIRM is a Neutral.

Mirum Pharmaceuticals shows strong revenue growth and a positive earnings call, indicating potential for future success. However, significant challenges remain, including high leverage, negative profitability, and a recent patent challenge. These factors weigh heavily on the stock’s overall score, highlighting the need for careful management and strategic planning.

To see Spark’s full report on MIRM stock, click here.

More about Mirum Pharmaceuticals

Mirum Pharmaceuticals is a leading rare disease company with a global presence, focusing on developing breakthrough medicines for overlooked conditions. The company’s commercial portfolio includes treatments for Alagille syndrome, progressive familial intrahepatic cholestasis, bile-acid synthesis disorders, and cerebrotendinous xanthomatosis. Mirum’s clinical-stage pipeline features investigational treatments for primary sclerosing cholangitis, primary biliary cholangitis, and Fragile X syndrome.

Average Trading Volume: 627,094

Technical Sentiment Signal: Buy

Current Market Cap: $3.52B

For a thorough assessment of MIRM stock, go to TipRanks’ Stock Analysis page.

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