5 Best Up and Coming Pharmaceutical Stocks to Buy Now

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1. Mineralys Therapeutics, Inc. (NASDAQ:MLYS)

Number of Hedge Fund Holders: 53

Mineralys Therapeutics, Inc. (NASDAQ:MLYS) is one of the best up and coming stocks on our list.

TheFly reported on June 14 that MLYS presented new data evaluating the impact of lorundrostat on heart failure risk biomarkers. The post hoc analysis examined circulating protein biomarker data from participants in the Launch-HTN and Advance-HTN clinical trials and was presented during a late-breaking poster session at ENDO 2026. The analysis showed that lorundrostat influenced key components of the renin-angiotensin-aldosterone system, including increased renin levels and reduced angiotensinogen. Treatment was also associated with declines in several biomarkers linked to heart failure risk, including NT-proBNP. The findings supported further investigation of lorundrostat’s potential role in addressing biological pathways involved in heart failure.

Moreover, to support its future growth initiatives and strengthen its financial position, Mineralys Therapeutics, Inc. (NASDAQ:MLYS) announced the pricing of an underwritten public offering of 5.66 million shares of common stock at $26.50 per share on June 3. The offering is expected to generate approximately $150 million in gross proceeds before fees and expenses. MLYS plans to use the net proceeds to help fund a portion of the $200 million upfront payment related to the repurchase of its royalty obligation under its license agreement with Tanabe Pharma Corporation. The offering followed the company’s announcement of a $500 million committed debt facility managed by Pharmakon Advisors.

Mineralys Therapeutics, Inc. (NASDAQ:MLYS) is a clinical-stage biotech company developing therapies for aldosterone-driven diseases, including resistant hypertension and chronic kidney disease.

While we acknowledge the potential of MLYS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MLYS and that has 100x upside potential, check out our report about the cheapest AI stock.

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