Stock Markets June 22, 2026 09:09 AM

MoonLake Shares Rally After Year-One VELA Results Show High Response Rates for Sonelokimab

Company cites consistent efficacy across adult trials and encouraging adolescent interim data ahead of planned BLA submission

By Hana Yamamoto
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MLTX

MoonLake Immunotherapeutics saw its stock climb 6% in premarket trading Monday after releasing Week 52 results from its Phase 3 VELA program for sonelokimab in hidradenitis suppurativa. Across VELA-1 and VELA-2, roughly 67% of treated patients reached HiSCR75 at one year and 33.1% achieved HiSCR100, with 26% meeting IHS4-100 inflammatory remission criteria. Interim Week 24 adolescent data from VELA-TEEN also showed robust responses. The company plans a Biologics License Application submission at the end of September 2026 and expects clarity on the PDUFA date by the end of November 2026.

MoonLake Shares Rally After Year-One VELA Results Show High Response Rates for Sonelokimab
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Key Points

  • Clinical efficacy - Approximately 67% of patients across VELA-1 and VELA-2 achieved HiSCR75 at Week 52, with 33.1% attaining HiSCR100; adolescent interim results also showed robust responses.
  • Patient outcomes - Quality-of-life measures improved, with HiSQOL mean score differences of -15.3 in VELA-1 and -14.8 in VELA-2, and nearly half of patients reporting at least a 3-point improvement in worst skin pain.
  • Regulatory path and timeline - MoonLake plans a Biologics License Application submission for sonelokimab at the end of September 2026 and expects clarity on the PDUFA date by the end of November 2026; the company will present details at an Investor Day on June 22, 2026.

MoonLake Immunotherapeutics shares advanced about 6% in premarket trading Monday following the release of one-year data from its Phase 3 VELA clinical program for sonelokimab in hidradenitis suppurativa.

The company reported that approximately 67% of patients receiving sonelokimab across the combined VELA-1 and VELA-2 trials achieved HiSCR75 at Week 52, while 33.1% of patients reached HiSCR100. Inflammatory remission, defined in the analysis as an IHS4-100 response, was achieved by 26% of treated participants.

Results were consistent between the two adult trials. VELA-1 recorded a HiSCR75 rate of 68.3% and a HiSCR100 rate of 31.2%. VELA-2 produced similar outcomes, with 66.0% of patients achieving HiSCR75 and 35.1% achieving HiSCR100. MoonLake noted that these endpoints compared favorably to the outcomes reported at the ends of trials for competing agents.

Patient-reported outcomes also showed improvements. In quality-of-life measures, mean HiSQOL score differences from baseline to the end of trial were -15.3 in VELA-1 and -14.8 in VELA-2. Nearly half of patients experienced at least a 3-point improvement on the worst skin pain score, according to the company disclosure.

MoonLake additionally shared interim Week 24 data from VELA-TEEN, the adolescent cohort in the program. Those early results indicated approximately 68% of adolescent patients achieved HiSCR75 and 45% reached HiSCR100 at the interim time point. The company reported no new safety signals in either the adult or adolescent trials.

Looking ahead, MoonLake plans to file a Biologics License Application for sonelokimab in hidradenitis suppurativa with the U.S. Food and Drug Administration at the end of September 2026. The submission will include adolescent patient data. The company expects to have clarity on the Prescription Drug User Fee Act, or PDUFA, target date by the end of November 2026.

MoonLake has scheduled an Investor Day for June 22, 2026, during which management will review the program data and outline upcoming milestones and guidance on next steps.


Contextual note - The data package includes adult Week 52 outcomes from VELA-1 and VELA-2 and interim Week 24 findings from VELA-TEEN. The company reported consistency across trials and improvements in both clinical response and patient-reported outcomes. The regulatory timeline centers on a planned BLA submission in late September 2026 and expected determination of the PDUFA date by late November 2026.

Risks

  • Regulatory timing - While a BLA submission is planned for the end of September 2026, the exact PDUFA date is not yet determined and is expected to be clarified only by the end of November 2026, introducing timeline uncertainty for market access.
  • Interim adolescent data - The VELA-TEEN results are reported as interim Week 24 findings; these data are not the full-year endpoints provided for adult trials and may be updated as the program progresses.
  • Comparative claims - MoonLake stated that the VELA results were higher than those observed in trials of competing agents at their respective trial endpoints; this is a company assertion and will be subject to direct comparison during regulatory review and by external stakeholders.

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