Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses MLTX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MLTX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Jorge Santos da Silva | $762,386 | $0 | $4,000,021 | $0 | $0 | $155,880 | $24,922 | $4,943,209 |
| Chief Executive Officer; Interim Chair of the Board | ||||||||
| Kristian Reich | 762,386 | 0 | 0 | 4,000,021 | 0 | 0 | 33,086 | 4,795,493 |
| Chief Scientific Officer | ||||||||
| Matthias Bodenstedt | 603,555 | 0 | 4,000,021 | 0 | 0 | 66,023 | 22,977 | 4,692,576 |
| Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Jorge Santos da Silva | $4,943,209 | $1,406,038 | $1,198,215 | +3,537,171 |
| Kristian Reich | 4,795,493 | 1,302,939 | 1,230,904 | +3,492,554 |
| Matthias Bodenstedt | 4,692,576 | 1,032,555 | 891,597 | +3,660,021 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Matthias Bodenstedt | Chief Financial Officer | 2026-05-11 | D | 13,653 | $20 | $273,333 | Common, open-market sale | Form 4 ↗ |
| Kristian Reich | Chief Scientific Officer | 2026-06-15 | D | 50,000 | 19 | 971,500 | Common, open-market sale | Form 4 ↗ |
| Kristian Reich | Chief Scientific Officer | 2026-06-15 | D | 50,000 | 19 | 944,500 | Common, open-market sale | Form 4 ↗ |
| Kristian Reich | Chief Scientific Officer | 2026-06-15 | D | 50,000 | 19 | 935,000 | Common, open-market sale | Form 4 ↗ |
| Matthias Bodenstedt | Chief Financial Officer | 2026-06-17 | D | 15,082 | 20 | 296,814 | Common, open-market sale | Form 4 ↗ |
| BVF PARTNERS L P/IL | Director | 2026-06-17 | A | 22,195 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Matthias Bodenstedt | Chief Financial Officer | 2026-06-17 | D | 2,794 | 20 | 54,762 | Common, open-market sale | Form 4 ↗ |
| Dr. Andrew Phillips | Director | 2026-06-17 | A | 22,195 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Catherine Moukheibir | Director | 2026-06-17 | A | 22,195 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Dr. Ramnik Xavier | Director | 2026-06-17 | A | 22,195 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Spike Loy | Director | 2026-06-17 | A | 22,195 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Matthias Bodenstedt | Chief Financial Officer | 2026-06-22 | D | 39,120 | 22 | 862,205 | Common, open-market sale | Form 4 ↗ |
| Santos da Silva Jorge | Director | 2026-07-01 | D | 47,775 | 20 | 956,933 | Common, open-market sale | Form 4 ↗ |
| Santos da Silva Jorge | Director | 2026-07-09 | D | 68,289 | 20 | 1,367,146 | Common, open-market sale | Form 4 ↗ |
| Santos da Silva Jorge | Director | 2026-07-09 | D | 33,936 | 20 | 679,059 | Common, open-market sale | Form 4 ↗ |
| Kristian Reich | Chief Scientific Officer | 2026-07-15 | D | 16,105 | 20 | 322,261 | Common, open-market sale | Form 4 ↗ |
| Kristian Reich | Chief Scientific Officer | 2026-07-20 | D | 43,700 | 20 | 877,933 | Common, open-market sale | Form 4 ↗ |
| Kristian Reich | Chief Scientific Officer | 2026-07-21 | D | 50,000 | 20 | 1,001,000 | Common, open-market sale | Form 4 ↗ |
| Kristian Reich | Chief Scientific Officer | 2026-07-21 | D | 2,448 | 20 | 48,960 | Common | Form 4 ↗ |
| Kristian Reich | Chief Scientific Officer | 2026-07-27 | D | 1,100 | 20 | 22,000 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Matthias Bodenstedt | RSU | 2025-02-27 | — | — | 95,763 | — | $4,000,021 |
| Dr. Jorge Santos da Silva | RSU | 2025-02-27 | — | — | 95,763 | — | 4,000,021 |
| Kristian Reich | OPTION | 2025-02-27 | — | — | 139,273 | — | 4,000,021 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Matthias Bodenstedt | $4,000,021 | $0 | $0 | 0.0% |
| Dr. Jorge Santos da Silva | 4,000,021 | 0 | 0 | 0.0% |
| Kristian Reich | 0 | 0 | 4,000,021 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Kristian Reich | Option | 139,273 | 41.77 | — |
| Matthias Bodenstedt | RSU | 11,101 | — | 146,311 |
| Kristian Reich | RSU | 7,401 | — | 97,545 |
| Matthias Bodenstedt | RSU | 95,763 | — | 1,262,156 |
| Silva | RSU | 95,763 | — | 1,262,156 |
| Silva | RSU | 7,401 | — | 97,545 |
Our executive officer compensation program focuses on attracting, retaining and rewarding executive officers in order to promote our long-term success. In setting compensation levels and designing the elements of our program, we seek to establish overall compensation levels that are internally equitable and competitive with the talent market.
| CEO STI target (% of salary) | 55% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Deloitte |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-09 | 50,365,168 | 731,158 | 15,038 | 98.57% | Passed |
| 2025 | 2025-06-05 | 53,464,199 | 109,913 | 8,983 | 99.79% | Passed |
| 2024 | 2024-06-05 | 54,721,123 | 5,234 | 7,988 | 99.99% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-09 | 98.57%a |
| 2025 | 2025-06-05 | 99.79%b |
| 2024 | 2024-06-05 | 99.99%c |
a. Approved under the standard stated in the filing — “Broker non-votes, if any, and abstentions will not be counted as votes cast on these matters and will have no effect on the outcome of these matters.”.
b. Approved under the standard stated in the filing — “Broker non-votes, if any, and abstentions will not be counted as votes cast on these matters and will have no effect on the outcome of these matters.”.
c. Approved under the standard stated in the filing — “Broker non-votes, if any, and abstentions will not be counted as votes cast on these matters and will have no effect on the outcome of these matters.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 20.8 : 1 |
|---|---|
| CEO total compensation | $4,943,209 |
| Median employee compensation | $237,155 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Simon SturgeIndependent · Not standing for re-election · Departed during FY | $90,500 | $0 | $224,349 | — | $0 | $314,849 |
| Dr. Ramnik XavierIndependent | 75,000 | 0 | 224,349 | — | 0 | 299,349 |
| Catherine MoukheibirIndependent · Audit (Chair) · Compensation | 62,500 | 0 | 224,349 | — | 0 | 286,849 |
| Dr. Andrew PhillipsIndependent · Audit · Compensation (Chair) · Nominating/Governance (Chair) | 56,000 | 0 | 224,349 | — | 0 | 280,349 |
| Spike LoyIndependent · Lead Independent Director · Audit · Compensation · Nominating/Governance | 52,500 | 0 | 224,349 | — | 0 | 276,849 |
| Dr. Jorge Santos da SilvaEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $40,000 |
|---|---|
| Annual equity retainer | $224,349 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 5,000 / 4,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $336,500 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $336,500 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies MoonLake Immunotherapeutics names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including MoonLake Immunotherapeutics.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Summit Therapeutics | 2025 | Mahkam Zanganeh | $616,500 | $0 | $245,021,384 | $0 | $246,047,279 |
| 2 | Immunovant | 2026 | Eric Venker | 636,618 | 0 | 19,010,639 | 0 | 20,158,767 |
| 3 | Protagonist Therapeutics | 2025 | Dinesh Patel | 715,500 | 5,839,204 | 5,618,010 | 686,880 | 12,871,506 |
| 4 | Vera Therapeutics | 2025 | Marshall Fordyce | 660,000 | 2,356,285 | 3,415,725 | 554,400 | 6,986,410 |
| 5 | Bicycle Therapeutics | 2025 | Kevin Lee | 862,339 | 1,724,800 | 2,961,297 | 543,642 | 6,341,473 |
| 6 | MoonLake Immunotherapeutics | 2025 | Jorge Santos da Silva | 762,386 | 4,000,021 | 0 | 0 | 4,943,209 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| MoonLake Immunotherapeutics | not disclosed | not disclosed | not disclosed | Deloitte |
| Bicycle Therapeutics | 97% | not disclosed | not disclosed | not disclosed |
| Immunovant | 110% | not disclosed | No | Compensia |
| Protagonist Therapeutics | 160% | Options 50 · RSU 50 | not disclosed | Aon Human Capital Solutions |
| Summit Therapeutics | 105% | Options 100 | not disclosed | not disclosed |
| Vera Therapeutics | 140% | RSU 50 · Options 50 | not disclosed | Alpine Rewards |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Jorge Santos da Silva | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “2025 Summary Compensation Table” · page 30. As printed: 4,943,209. Filing ↗machine: t83 · r2 · c24 · span 431198–431207 |
| 2 | Section 01, Kristian Reich | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “2025 Summary Compensation Table” · page 30. As printed: 4,795,493. Filing ↗machine: r8 · c24 · span 457751–457760 |
| 3 | Section 01, Matthias Bodenstedt | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “2025 Summary Compensation Table” · page 30. As printed: 4,692,576. Filing ↗machine: r5 · c24 · span 444726–444735 |
| 4 | Section 03, Matthias Bodenstedt RSU | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t89 · r3 · c15 · span 493436–493445 |
| 5 | Section 03, Dr. Jorge Santos da Silva RSU | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION COMPENSATION DISCUSSION AND ANALYSIS” · grants of plan-based awards table. Filing ↗machine: t83 · r2 · c12 · span 428908–428917 |
| 6 | Section 03, Kristian Reich OPTION | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION COMPENSATION DISCUSSION AND ANALYSIS” · grants of plan-based awards table. Filing ↗machine: t83 · r8 · c15 · span 456011–456020 |
| 7 | Section 07, pay ratio | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “CEO Pay Ratio”. As printed: 20.8 : 1. Filing ↗ |
| 8 | Section 08, Simon Sturge | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “Director Compensation”. As printed: 314,849. Filing ↗machine: t56 · r2 · c9 · span 288783–288791 |
| 9 | Section 08, Dr. Ramnik Xavier | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “Director Compensation”. As printed: 299,349. Filing ↗machine: t56 · r6 · c9 · span 296152–296160 |
| 10 | Section 08, Catherine Moukheibir | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “Director Compensation”. As printed: 286,849. Filing ↗machine: t56 · r4 · c9 · span 292514–292522 |
| 11 | Section 08, Dr. Andrew Phillips | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “Director Compensation”. As printed: 280,349. Filing ↗machine: t56 · r5 · c9 · span 294247–294255 |
| 12 | Section 08, Spike Loy | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “Director Compensation”. As printed: 276,849. Filing ↗machine: t56 · r3 · c9 · span 290515–290523 |
| 13 | Section 08, Dr. Jorge Santos da Silva | DEF 14A | 2026-04-21 | 0001140361-26-015916 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 02, Matthias Bodenstedt 2026-05-11 | Form 4 | 2026-05-13 | 0001213900-26-055799 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 15 | Section 02, Kristian Reich 2026-06-15 | Form 4 | 2026-06-17 | 0001213900-26-069753 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 16 | Section 02, Kristian Reich 2026-06-15 | Form 4 | 2026-06-17 | 0001213900-26-069753 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 17 | Section 02, Kristian Reich 2026-06-15 | Form 4 | 2026-06-17 | 0001213900-26-069753 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Matthias Bodenstedt 2026-06-17 | Form 4 | 2026-06-18 | 0001213900-26-070259 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, BVF PARTNERS L P/IL 2026-06-17 | Form 4 | 2026-06-22 | 0000921895-26-001639 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Matthias Bodenstedt 2026-06-17 | Form 4 | 2026-06-18 | 0001213900-26-070259 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, Dr. Andrew Phillips 2026-06-17 | Form 4 | 2026-06-18 | 0001213900-26-070258 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Catherine Moukheibir 2026-06-17 | Form 4 | 2026-06-18 | 0001213900-26-070256 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, Dr. Ramnik Xavier 2026-06-17 | Form 4 | 2026-06-18 | 0001213900-26-070255 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Spike Loy 2026-06-17 | Form 4 | 2026-06-18 | 0001213900-26-070257 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, Matthias Bodenstedt 2026-06-22 | Form 4 | 2026-06-23 | 0001213900-26-071075 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Santos da Silva Jorge 2026-07-01 | Form 4 | 2026-07-02 | 0001213900-26-074964 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, Santos da Silva Jorge 2026-07-09 | Form 4 | 2026-07-13 | 0001213900-26-077564 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, Santos da Silva Jorge 2026-07-09 | Form 4 | 2026-07-13 | 0001213900-26-077564 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, Kristian Reich 2026-07-15 | Form 4 | 2026-07-20 | 0001213900-26-079376 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Kristian Reich 2026-07-20 | Form 4 | 2026-07-21 | 0001213900-26-080133 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, Kristian Reich 2026-07-21 | Form 4 | 2026-07-23 | 0001213900-26-080869 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 02, Kristian Reich 2026-07-21 | Form 4 | 2026-07-23 | 0001213900-26-080869 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 33 | Section 02, Kristian Reich 2026-07-27 | Form 4 | 2026-07-29 | 0001213900-26-082804 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 34 | Section 06, 2026 vote | Form 8-K | 2026-06-09 | 0001213900-26-066821 | Item 5.07 · say-on-pay result. As reported: 98.57% (votes for as printed: 50,365,168). Filing ↗ |
| 35 | Section 06, 2025 vote | Form 8-K | 2025-06-06 | 0001213900-25-052140 | Item 5.07 · say-on-pay result. As reported: 99.79% (votes for as printed: 53,464,199). Filing ↗ |
| 36 | Section 06, 2024 vote | Form 8-K | 2024-06-06 | 0001213900-24-050194 | Item 5.07 · say-on-pay result. As reported: 99.99% (votes for as printed: 54,721,123). Filing ↗ |
| 37 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 38 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 39 | Section 09b board cost (computed) | Computed | — | computed | Cash 336,500 + equity 0 + all other 0 = 336,500, summed across the director compensation table rows.machine: formula: Σ = 336,500 |
| 40 | Summit Therapeutics, Section 10b CEO total | DEF 14A | 2026-04-17 | 0001599298-26-000029 | CEO total compensation as printed in Summit Therapeutics's own proxy. As printed: 246,047,279. Filing ↗machine: r6 · c21 · span 385284–385295 |
| 41 | Immunovant, Section 10b CEO total | DEF 14A | 2026-07-22 | 0001764013-26-000092 | CEO total compensation as printed in Immunovant's own proxy. As printed: 20,158,767. Filing ↗machine: span 465716–465726 |
| 42 | Protagonist Therapeutics, Section 10b CEO total | DEF 14A | 2026-04-28 | 0001104659-26-050429 | CEO total compensation as printed in Protagonist Therapeutics's own proxy. As printed: 12,871,506. Filing ↗machine: r1 · c47 · span 613195–613205 |
| 43 | Vera Therapeutics, Section 10b CEO total | DEF 14A | 2026-04-09 | 0001140361-26-014002 | CEO total compensation as printed in Vera Therapeutics's own proxy. As printed: 6,986,410. Filing ↗machine: r2 · c24 · span 581040–581049 |
| 44 | Bicycle Therapeutics, Section 10b CEO total | DEF 14A | 2026-04-22 | 0001104659-26-046806 | CEO total compensation as printed in Bicycle Therapeutics's own proxy. As printed: 6,341,473. Filing ↗machine: t83 · r5 · c14 · span 491024–491033 |
| 45 | MoonLake Immunotherapeutics (subject), Section 10b CEO total | DEF 14A | 2026-04-21 | 0001140361-26-015916 | CEO total compensation as printed in MoonLake Immunotherapeutics's own proxy. As printed: 4,943,209. Filing ↗machine: t83 · r2 · c24 · span 431198–431207 |
| 46 | Section 10a, Immunovant reciprocity | DEF 14A | — | 0001764013-26-000092 | Immunovant's most recent proxy was read; its disclosed peer group does not include MoonLake Immunotherapeutics. Filing ↗ |
| 47 | Section 10a, Protagonist Therapeutics reciprocity | DEF 14A | — | 0001104659-26-050429 | Protagonist Therapeutics's most recent proxy was read; its disclosed peer group does not include MoonLake Immunotherapeutics. Filing ↗ |
| 48 | Section 10a, Vera Therapeutics reciprocity | DEF 14A | — | 0001140361-26-014002 | Vera Therapeutics's most recent proxy was read; its disclosed peer group does not include MoonLake Immunotherapeutics. Filing ↗ |