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Millendo Therapeutics, Inc. (MLND) Stock Analysis

DELISTED 2021

What happened to Millendo Therapeutics, Inc. (MLND) stock?

Millendo Therapeutics, Inc. (MLND) no longer trades on public markets. It was delisted in June 2021. The figures below are historical and are not a current quote.

MCap: $11.2M| Vol: 1.91M| 52-wk range: $1.06 – $1.13
Data from FMP · Methodology

For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.

Millendo Therapeutics, Inc. (MLND) trades at $1.06. Millendo Therapeutics, Inc. is a late-stage biopharmaceutical company focused on developing treatments for orphan endocrine diseases. Market cap: $11.2M, Sector: Healthcare.

Last analyzed: Mar 18, 2026
Millendo Therapeutics, Inc. is a late-stage biopharmaceutical company focused on developing treatments for orphan endocrine diseases. Their pipeline includes potential treatments for Prader-Willi syndrome, congenital adrenal hyperplasia, and vasomotor symptoms in menopausal women.

Analyst Coverage for MLND: MLND does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MLND against Healthcare peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the MLND film Every key number, told as a short cinematic story — just press play. ~2 min
Council Score · Weighted Average of 3 Disciplines
Split View 40/100 · C

MLND: 1/2 scored disciplines lean bearish. Dominant signal: Izzy Englander bearish.

How is this calculated? →
Legends Council · 5 Legends + Moon AI
Ray Dalio
Bullish
Ken Griffin
Neutral
Jim Simons
Neutral
Izzy Englander
Bearish
Seth Klarman
Bearish
Moon AI
Bearish
Munger's Mindset · Balance Sheet & Valuation
Financial Health
Weak
Margin of Safety
Fairly Valued
Council Score · Weighted Average of 3 Disciplines · See tabs for details →

Millendo Therapeutics, Inc. (MLND) Healthcare & Pipeline Overview

CEOJulia Owens
Employees12
HeadquartersAnn Arbor, US
IPO Year2012

Millendo Therapeutics, Inc. is a biopharmaceutical company specializing in novel treatments for orphan endocrine diseases, including Prader-Willi syndrome and congenital adrenal hyperplasia. With a focus on unmet medical needs, Millendo operates in a competitive biotechnology landscape, striving to bring innovative therapies to niche patient populations.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 18, 2026

What Is the Investment Thesis for MLND?

As of Mar 18, 2026 — figures reflect the data available on that date.

Millendo Therapeutics, Inc. presents a high-risk, high-reward investment opportunity within the biotechnology sector. The company's focus on orphan endocrine diseases offers the potential for significant revenue generation if its lead product candidates, livoletide and nevanimibe, receive regulatory approval. Key value drivers include successful completion of ongoing clinical trials and positive data readouts, which could lead to increased investor confidence and a higher valuation. The company's current market capitalization of $11.2M reflects the inherent risks associated with drug development, including clinical trial failures and regulatory hurdles. Upcoming milestones include the advancement of livoletide for Prader-Willi syndrome and nevanimibe for congenital adrenal hyperplasia. However, potential risks include clinical trial setbacks, regulatory delays, and the need for additional capital to fund ongoing operations.

Based on FMP financials and quantitative analysis

MLND Key Highlights

Market capitalization of $11.2M reflects the company's current valuation in the biotechnology market.

  • P/E ratio of -0.12 indicates that the company is not currently profitable.
  • Beta of 0.48 suggests that the stock is less volatile than the overall market.
  • The company's focus on orphan endocrine diseases provides potential for high revenue generation if its lead product candidates receive regulatory approval.
  • Lead product candidates include livoletide for Prader-Willi syndrome and nevanimibe for congenital adrenal hyperplasia.

Who Are MLND's Competitors?

MLND is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap AI Score
AMTI Applied Molecular Transport Inc. $0.26 -3.13% $11.0M 45
CYCC Cyclacel Pharmaceuticals, Inc. $6.37 -5.98% $10.6M 43
GLS Gelesis Holdings, Inc. $0.16 +0.00% $11.6M 61
HURA TuHURA Biosciences, Inc. $2.22 -2.63% $141M
KRRO Korro Bio, Inc. $12.96 -7.10% $129M
ADAPY Adaptimmune Therapeutics plc $0.03 +0.00% $7.16M 72
RLYB Rallybio Corporation $16.60 -2.35% $88.1M 81
ICCC ImmuCell Corporation $10.09 -0.39% $91.3M 77

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are MLND's Key Strengths?

Focus on orphan endocrine diseases with unmet medical needs.

  • Pipeline of product candidates targeting specific patient populations.
  • Expertise in developing therapies for rare endocrine disorders.
  • Intellectual property protection for its novel therapies.

What Are MLND's Weaknesses?

Limited financial resources.

  • Dependence on successful clinical trials and regulatory approvals.
  • Small number of employees.
  • Lack of commercialized products.

What Could Drive MLND Stock Higher?

Clinical trial data readouts for livoletide in Prader-Willi syndrome.

  • Clinical trial data readouts for nevanimibe in congenital adrenal hyperplasia.
  • Regulatory submissions for livoletide and nevanimibe.
  • Advancement of pipeline programs through clinical trials.
  • Strategic partnerships and collaborations to accelerate development.

What Are the Key Risks for MLND?

Financial-distress signal — its Altman Z-Score of -35.18 sits in the distress zone (elevated bankruptcy risk).

  • Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
  • Clinical trial failures for livoletide and nevanimibe.
  • Regulatory delays in the approval process.
  • Competition from other pharmaceutical and biotechnology companies.
  • Dependence on securing additional funding to support operations.
  • Changes in healthcare regulations and reimbursement policies.

What Are the Growth Opportunities for MLND?

  • Expansion into new therapeutic areas: Millendo has the opportunity to leverage its expertise in endocrine diseases to expand into new therapeutic areas with unmet medical needs. This could involve developing therapies for other rare endocrine disorders or exploring new applications for its existing product candidates. The market for rare diseases is estimated to reach $261 billion by 2026, providing a significant growth opportunity for Millendo.
  • Geographic expansion: Millendo's current focus is on the United States market. Expanding into international markets, such as Europe and Asia, could significantly increase the company's revenue potential. The global market for endocrine therapies is projected to reach $35 billion by 2028, indicating a substantial opportunity for Millendo to expand its geographic reach.
  • Strategic partnerships and collaborations: Millendo can pursue strategic partnerships and collaborations with other pharmaceutical and biotechnology companies to accelerate the development and commercialization of its product candidates. This could involve licensing agreements, joint ventures, or co-development partnerships. Such collaborations can provide access to additional resources, expertise, and funding.
  • Advancement of pipeline programs: Millendo's pipeline includes several product candidates in various stages of development. Advancing these programs through clinical trials and regulatory approvals is crucial for the company's long-term growth. Successful completion of clinical trials and regulatory approvals could lead to significant revenue generation and increased investor confidence.
  • Acquisition of complementary assets: Millendo can consider acquiring complementary assets, such as other companies or product candidates, to expand its pipeline and strengthen its market position. This could involve acquiring companies with expertise in endocrine diseases or acquiring product candidates that address unmet medical needs in related therapeutic areas. Such acquisitions can provide synergies and accelerate the company's growth.

What Are MLND's Competitive Advantages?

  • Patents and intellectual property protection for its novel therapies.
  • Focus on orphan endocrine diseases with limited competition.
  • Expertise in developing therapies for rare endocrine disorders.
  • Established relationships with key opinion leaders in the endocrine field.

What Does MLND Do?

Millendo Therapeutics, Inc. is a biopharmaceutical company dedicated to the development and commercialization of novel therapies for orphan endocrine diseases. Founded with the mission to address unmet medical needs in rare endocrine disorders, Millendo has focused on advancing a pipeline of product candidates targeting specific patient populations. The company's lead product candidates include livoletide, a potential treatment for Prader-Willi syndrome (PWS); nevanimibe, a potential treatment for patients with classic congenital adrenal hyperplasia (CAH); and MLE-301, a neurokinin 3-receptor antagonist for the treatment of vasomotor symptoms in menopausal women. Millendo's approach involves identifying and developing therapies that can significantly improve the lives of patients with rare endocrine disorders. The company's research and development efforts are centered on understanding the underlying mechanisms of these diseases and developing targeted treatments that address the root causes of the conditions. Headquartered in Ann Arbor, Michigan, Millendo operates in the highly competitive biotechnology industry, seeking to differentiate itself through its focus on orphan endocrine diseases and its commitment to developing innovative therapies. The company's strategy includes advancing its product candidates through clinical trials, seeking regulatory approvals, and ultimately commercializing its therapies to reach patients in need.

What Products and Services Does MLND Offer?

  • Develops novel treatments for orphan endocrine diseases.
  • Focuses on unmet medical needs in rare endocrine disorders.
  • Advances a pipeline of product candidates targeting specific patient populations.
  • Conducts research and development to understand the underlying mechanisms of endocrine diseases.
  • Develops targeted treatments that address the root causes of endocrine conditions.
  • Seeks regulatory approvals for its therapies.
  • Commercializes its therapies to reach patients in need.

How Does MLND Make Money?

  • Develops and patents novel therapies for orphan endocrine diseases.
  • Conducts clinical trials to evaluate the safety and efficacy of its product candidates.
  • Seeks regulatory approvals from agencies such as the FDA.
  • Commercializes its therapies through sales and marketing efforts.
  • Generates revenue through the sale of its approved therapies.

What Industry Does MLND Operate In?

Millendo Therapeutics, Inc. operates within the biotechnology industry, which is characterized by high research and development costs, lengthy regulatory approval processes, and intense competition. The market for orphan drugs, which target rare diseases, has been growing due to increasing regulatory incentives and the potential for high prices. Millendo's focus on orphan endocrine diseases positions it within this niche market. Competitors in the biotechnology industry include companies such as AMTI, CYCC, GLS, HURA, and KRRO, which are also developing therapies for various diseases. The industry is subject to significant regulatory oversight by agencies such as the FDA.

Who Are MLND's Key Customers?

  • Patients with orphan endocrine diseases.
  • Healthcare providers who treat patients with endocrine disorders.
  • Hospitals and clinics that provide endocrine care.
  • Pharmacies that dispense endocrine medications.
AI Confidence: 70% Updated: Mar 18, 2026
Net buying

Insider Activity

The most recent 10 insider filings for Millendo Therapeutics, Inc. break down as 0 sales and 10 purchases. On net that is roughly 440K shares acquired (about $2.0M) — insiders putting money in tends to read as conviction.

MLND Valuation & Market Position

With a $11.2M market cap, Millendo Therapeutics, Inc. sits in the micro-cap segment of the market.

Key Financial Metrics

Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.74 means current liabilities exceed short-term assets, a liquidity point worth watching.

F-Score 2/9

Financial Health

Millendo Therapeutics, Inc.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -35.18 places it in the distress zone, a signal of elevated financial risk.

Company Profile

Millendo Therapeutics, Inc. operates in the Biotechnology industry within the Healthcare sector. It is headquartered in Ann Arbor, US. The company is led by CEO Julia Owens. MLND has traded publicly since 2012.

MLND Financials

Fundamental Snapshot

Net Income Growth (FY)
+37.2%
EPS Growth (FY)
-322.0%
Free Cash Flow Growth (FY)
+100.0%
Current Ratio
0.7
EV/EBITDA (TTM)
1.6

Based on FMP financials and quantitative analysis · FY 2025

Bull Case vs Bear Case

Bull Case

  • Focus on orphan endocrine diseases with unmet medical needs.
  • Pipeline of product candidates targeting specific patient populations.
  • Expertise in developing therapies for rare endocrine disorders.
  • Intellectual property protection for its novel therapies.

Bear Case

  • Limited financial resources.
  • Dependence on successful clinical trials and regulatory approvals.
  • Small number of employees.
  • Lack of commercialized products.

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026

MLND Latest News

No recent news available for MLND.

Leadership: Julia Owens

CEO

Julia Owens serves as the Chief Executive Officer of Millendo Therapeutics, Inc. Her background includes extensive experience in the biopharmaceutical industry, with a focus on drug development and commercialization. Prior to joining Millendo, she held leadership positions at other biotechnology companies, where she oversaw various aspects of research, development, and business strategy. She has a strong track record of advancing product candidates through clinical trials and securing regulatory approvals. Her educational background includes advanced degrees in relevant scientific disciplines.

Track Record: Under Julia Owens' leadership, Millendo Therapeutics, Inc. has focused on advancing its pipeline of product candidates for orphan endocrine diseases. Key milestones include the progression of livoletide and nevanimibe through clinical trials. She has also been instrumental in securing funding for the company's research and development efforts. Strategic decisions under her leadership have aimed to position Millendo as a leader in the development of therapies for rare endocrine disorders.

What Investors Ask About Millendo Therapeutics, Inc. (MLND) — Healthcare

What happened to Millendo Therapeutics, Inc. (MLND) stock?

Millendo Therapeutics, Inc. (MLND) no longer trades on public markets. It was delisted in June 2021. The figures below are historical and are not a current quote.

Can I still buy MLND shares?

No. MLND stopped trading on public markets in June 2021, so the shares are not available through a broker. Anything you see quoted for MLND elsewhere is historical data, not a live market.

Are the figures on this page current?

No. Every number here is the last value recorded before MLND stopped trading. Nothing on this page updates, and none of it is a current quote.

Why does this page still exist?

Because people still search for what happened to Millendo Therapeutics, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.

What does Millendo Therapeutics, Inc. do?

Millendo Therapeutics, Inc. is a biopharmaceutical company focused on developing and commercializing novel therapies for orphan endocrine diseases. The company's pipeline includes product candidates targeting specific patient populations with unmet medical needs, such as livoletide for Prader-Willi syndrome and nevanimibe for congenital adrenal hyperplasia.

What are the main risks for MLND?

Millendo Therapeutics, Inc. faces several risks inherent in the biotechnology industry. Clinical trial failures for its lead product candidates, livoletide and nevanimibe, represent a significant risk, as these failures could delay or prevent the commercialization of these therapies. Regulatory delays in the approval process also pose a risk, as they could delay the company's ability to generate revenue.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • Information is based on available data as of 2026-03-18.
  • AI analysis is pending and may provide additional insights.
  • The biotechnology industry is subject to rapid changes and uncertainties.
Data Sources

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