BUZZ-Mirum rises on 2024 revenue forecast raise

Reuters
2024-11-12

** Shares of Mirum Pharmaceuticals rise 5.7% to $43.97

** Co raises 2024 rev. forecast to the range of $330 mln to $335 mln from its prior range of $310 mln to $320 mln

** Posts Q3 rev. of $90.3 mln, above analysts' est. of $82.0 mln - LSEG

** Reports Q3 loss per share of 30 cents, smaller than analysts' est. of 45 cents - LSEG

** Co's Livmarli, a liver disease drug, posts Q3 rev. of $59.1 mln, above analysts' est of $50 mln - LSEG

** All 11 brokerages covering MIRM rate the stock "buy" or higher; median PT is $65.50 - LSEG

** Stock has risen ~49% YTD, including session gains

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com))

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