Goldman Sachs Downgrades MoonLake to Sell Due to Risks to Lead Asset Approval

Thursday, Jan 15, 2026 11:31 am ET1min read
MLTX--

Goldman Sachs downgraded MoonLake Immunotherapeutics to Sell from Neutral due to concerns over the approvability of its lead asset, sonelokimab, for hidradenitis suppurativa. Despite the company's improved outlook, the biotech traded lower on Thursday.

Goldman Sachs Downgrades MoonLake to Sell Due to Risks to Lead Asset Approval

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