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MBX — MBX Biosciences Inc.

MBX (MBX Biosciences Inc.) stock: $62.02, $2.99B market cap, $418.6M cash, $2.57B EV, $3.59B fully diluted market cap. Next expected readout: Oct-26. Lead program: Canvuparatide (Hypoparathyroidism), Phase 3. Data from Fully Diluted's biotech stocks database.

Share price
$62.02
Market cap
$2,986.6M
Cash
$418.6M
Enterprise value
$2,568.0M

Balance sheet

Cash$418.6M
Debt$0.0M
Net cash$418.6M
Enterprise value$2,568.0M
Basic shares47.9M shares
Fully diluted shares57.9M shares
Fully diluted market cap$3,592.5M
Cash per share$8.74

Cash figures as of 2026-06-30. Database snapshot: 2026-09-22.

Price history

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Upcoming catalysts

ExpectedDrugPhaseIndicationMgmt guide
Dec 11, 2026 - Jan 22, 2027MBX 4291Phase 1Obesity
Jul 8 - Aug 19400 µg of MBX 2109 once-weekly by subcutaneous injectionPhase 2Hypoparathyroidism
Feb 12 - Mar 25CanvuparatidePhase 3Hypoparathyroidism

Estimated readout windows: registry primary-completion date + 6-12 weeks. Windows already open are shown from "Now". Drug names link to ClinicalTrials.gov.

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