Good afternoon. I would like to welcome you all to the Mirum Pharmaceuticals conference call. My name is Breaker, and I will be the event specialist running today's call with you. All lines are on mute for the presentation portion of the call today, with an opportunity for questions and answers at the end. If you would like to ask a question, please press star, then one on your telephone keypad. I would now like to pass the conference over to your host, Andrew McKibbin, Vice President of Investor Relations, to begin. So, Andrew, you may begin. Thanks, Breaker, and good afternoon, everyone. I'd like to welcome you to Mirum Pharmaceuticals' third quarter 2023 conference call. I'm joined today by our President and CEO, Chris Peetz, our Chief Operating Officer, Peter Radovich, our Head of Research and Development, Pam Vig, and our newest team member, Eric Bjerkholt, our Chief Financial Officer. Earlier today, Mirum issued a news release announcing the company's results for the third quarter of 2023. Copies of this news release and SEC filings can be found in the investors section of our website. Full details and updates from the quarter can be found in our news release and 10-Q issued today. Before we begin, I'd like to remind you that during the course of this conference call, we will be making certain forward-looking statements about Mirum and our programs based on management's current expectations, including statements regarding Mirum's current and future business plans, development programs, and regulatory expectations, strategies, prospects, market opportunities, and financial expectations. Mirum is under no duty to update these statements, and they are subject to numerous risks and uncertainties, and actual results could differ materially from the results anticipated by these statements. Investors should read the risk factors set forth in Mirum's 10-K for the year ended December 31st, 2022, and any subsequent reports filed with the SEC. With that said, I'd like to turn the call over to Chris. Chris? Thanks, Andrew, and good afternoon to everyone. This was another strong quarter of execution at Mirum. The team has continued to grow our business by focusing on delivering life-changing medicines for patients and their families living with rare diseases. We've achieved multiple goals this quarter, including realizing total revenue of $47.7 million for the quarter. We saw continued strong global adoption of LIVMARLI. We also completed the acquisition of two high-impact and synergistic commercial medicines, Chenodal and CHOLBAM. We continued our commitment to delivering on our pipeline with the recent positive RESTORE phase III study readout and upcoming clinical and regulatory milestones. And all of this has been accomplished while improving our financial position in terms of performance and balance sheet. These achievements come alongside another special milestone for Mirum coming up this weekend, our five-year anniversary of launching the company. I'd like to thank the Mirum team's dedication, perseverance, and unmatched spirit for making all of our success possible in a short time, with much more to come. Now, moving to LIVMARLI, we see steady demand growth in the U.S. and internationally. This reflects the positive impact of LIVMARLI for patients and families in the Alagille syndrome community, and also the focused execution of the Mirum team to make this important medicine accessible to patients around the world. I am proud of what we've been able to accomplish with LIVMARLI and Alagille syndrome, and what that means for our execution on our expanded portfolio. This quarter, we grew our business with the acquisition of two commercial medicines, Chenodal and Cholbam, and have assumed sponsorship of a broadly used cholestasis genetic testing panel, vital for diagnosing several rare genetic disorders that is free to patients and providers. This has created a leading pediatric hepatology franchise and also brings significant and growing revenue contribution, with approximately $100 million in annual net product sales from the bile acid portfolio. Regarding our pipeline, we have made good progress here as well. In October, we announced positive data from the phase III RESTORE study evaluating Chenodal in patients with cerebrotendinous xanthomatosis, or CTX. The data showed Chenodal has a significant impact across key measures of the disease, and this phase III dataset and the potential approval of Chenodal for CTX is a critical step forward for CTX patients. We plan to submit a new drug application for CTX to the FDA in the first half of 2024. We also look forward to significant upcoming milestones and opportunities for LIVMARLI, with the March 13 PDUFA date for PFIC and our upcoming phase II-B data in biliary atresia. For volixibat, we expect to conduct our interim analyses in PSC and PBC in the first half of next year. Now, before I turn the call over to Peter to discuss our commercial business, I want to welcome our new CFO, Eric Bjerkholt, who joined Mirum in September. We are thrilled to have Eric and his extensive leadership experience helping to drive the growth and value creation we see ahead for Mirum. We'll hear from him later in the call. And with that, I'll turn the call over to Peter. Peter? Thanks, Chris. With total revenue reaching $47.7 million in Q3, we are excited by the tremendous progress that we have made across our U.S. and international businesses. Our team continues to bring LIVMARLI to more patients worldwide, and we have taken significant steps in establishing a leading pediatric hepatology franchise through the ongoing execution of our commercial strategy with LIVMARLI and the addition of Chenodal and Cholbam. Starting with LIVMARLI, in the third quarter, our revenues grew to $39 million in total net product sales, which represents over 100% growth before the addition of the bile acid portfolio. This reflects the life-changing impact LIVMARLI is having in Alagille patients with pruritus and the excellent execution of our commercial team. The U.S. business, which saw $28.6 million this quarter, continues to grow. Internationally, we see similar strength in patient uptake in Germany and France, as well as distributor markets. Going forward, we continue to anticipate quarter-to-quarter variability in international revenue. Overall, we are looking forward to our continued expansion in both the U.S. and globally, and are excited for the opportunity to broaden access to LIVMARLI, to patients with Alagille syndrome and future indications. Moving to Chenodal and CHOLBAM, the addition of these medicines presents a significant opportunity to both augment LIVMARLI's growth and significantly enhance our relationships with the patient communities and prescribers in pediatric hepatology. There are striking similarities between the commercial models for these medicines, so in the hands of one team, we expect top and bottom line synergies. In terms of our commercial strategy, our pediatric hepatology team has been extremely effective, so we don't plan to change a model that is working well. We do see some opportunity to augment our efforts with the expertise that we have brought in from Travere. Pediatric hepatologists are the main call point for LIVMARLI and CHOLBAM, and we will continue to deepen our relationships with these prescribers through our expanded offering of high-impact medicines and our branded cholestasis genetic testing panel, which is an important diagnostic tool that positions Mirum as a partner from the start of the patient journey. While CHOLBAM and Chenodal have grown steadily over the last several years, we see opportunity to improve diagnosis and increase treatment across these indications. In CTX, for example, the consequences of the disease first manifests in organs other than the liver, such as juvenile bilateral cataracts, and may not be linked to CTX until much later in adulthood, usually after irreversible neurological damage has occurred. To address this gap in diagnosis and treatment, we've increased investment in disease awareness and diagnosis among specialties where this disease often first presents, such as ophthalmology, neurology, and medical genetics. This expanded team will allow us to reach more patients earlier in their journey, and is a key step as we prepare for a potential approval and launch in CTX. In summary, we are thrilled by the addition of the new products and team members, and look to build on the tremendous momentum we've achieved, delivering important medicines to even more patients with rare liver diseases. On that note, I'll turn the call over to Pam. Pam? Thanks, Peter. Last month, our team announced positive data from the phase III RESTORE study evaluating Chenodal in CTX. The study objective was to evaluate the safety and efficacy of Chenodal by measurement of urine bile alcohols and other biomarker measures, including cholesterol. The study showed a marked and statistically significant improvement across the primary and all key secondary endpoints, demonstrating a broad and consistent effect with Chenodal in patients with CTX. As a reminder, disease progression in CTX is due to the accumulation of cholesterol in the tissue and brain, and we were thrilled to see the depth of improvement across all measures. In particular, the cholesterol results are a critical finding. Prior to this, it was not certain that treatment with Chenodal could impact cholesterol levels this quickly, and the results of the RESTORE trial highlight the importance to diagnose and treat CTX patients as early as possible. Additionally, a greater proportion of patients receiving placebo required rescue therapy, demonstrating the immediate impact of Chenodal in CTX. And while Chenodal is currently standard of care in CTX and recognized as a medical necessity by the FDA, we're very pleased that the results confirm the life-changing impact Chenodal can have for these patients. We're grateful to the work the Travere team has put into the development and execution of this study, including selection of the endpoints, which were developed in close collaboration with the FDA. And with these strong results, we believe we are well positioned for our NDA filing, which we expect in the first half of next year. Moving on to clinical milestones, we're looking forward to reporting top-line data later this year from our phase II-B EMBARK study of LIVMARLI for pediatric patients with biliary atresia, which will be the first placebo-controlled data with an IBAT inhibitor in this setting. For volixibat in PSC and PBC, we expect to report on the interim analyses in the first half of next year. We continue to push on screening activities and are looking forward to sharing the interim data. Lastly, I'm proud of the growing body of important clinical data and real-world evidence validating the role of LIVMARLI for patients with Alagille syndrome and PFIC. The body of research we presented at the NASPGHAN meeting recently, including data from our MARCH PFIC phase III study and real-world experience in Alagille syndrome, speaks to the tremendous effects across the clinical and real-world settings. In summary, Mirum's leadership position in pediatric hepatology continues to build, and we remain committed to growing our presence across these indications. We also look forward to the multiple upcoming data readouts across settings where we believe IBAT inhibition can play a key role in changing the treatment paradigm for patients living with biliary atresia, PSC, and PBC. And with that, I'll now turn the call over to Eric to discuss our financial results. Eric? Thanks, Pam. Before I begin, I'd like to mention how pleased I am to have joined the Mirum team at such an exciting time for the company, and I look forward to helping advance new medicines for patients with rare diseases. Now, for the third quarter financial results. Earlier today, we issued a press release that included financial results for the quarter, which I'll briefly summarize. Full details can be found in the Form 10-Q, also filed today. As highlighted by Chris and Peter, we recognized $47.7 million of net product sales in the third quarter, a 47% increase over net sales the previous quarter. This reflects product sales of $38.7 million for LIVMARLI, as well as $9 million for Chenodal and Cholbam. I'd like to point out that for the bile acid products, we only recognized product sales since the date of the transaction close on August 31, but we'll see the full quarterly contribution of these medicines in the fourth quarter of this year. Our total operating expenses for the quarter were $72.9 million, which includes R&D expenses of $26.1 million, SG&A expenses of $36.5 million, and cost of sales of $10.2 million. For the quarter ended September 30, net loss was $23.6 million or $0.57 a share. Net loss for the quarter included non-cash stock-based compensation expense of $8.4 million and intangible amortization of $2.6 million. At the close of the third quarter, ended September 30, 2023, we had cash, cash equivalents, and investments of $306 million. In summary, we're well-funded with a growing revenue base, which places us in an exceptional position to execute on our business plan, including execution of our clinical trials and continued expansion of our global commercial presence over the coming years. Now, I'll turn the call back over to Chris for final comments. Thanks, Eric. As you can tell, Mirum has continued to execute on all fronts. We've built the leading franchise in pediatric hepatology with three standard of care medicines and the leading genetic testing tool. We are seeing strong sales growth across all of our medicines. We've generated important phase III data to support the filing for approval of Chenodal and CTX. We have several clinical and regulatory catalysts ahead as we strive to make continued advances for rare disease patients around the world, and we've accomplished all of this while putting Mirum in a strong financial position. We look forward to keeping you updated on our exciting progress as we head into 2024. And with that, operator, please open the call for questions. Thank you. If you would like to ask a question, please press Star then One on your telephone keypad. We have the first question from Josh Schimmer of Cantor. Your line is now open. Thanks very much for taking the question, and congrats on another exceptional quarter. Just wanted to ask because, Ipsen on their call indicated that they had seen some switching of patients from LIVMARLI to Bylvay for Alagille syndrome. Curious as to what you're actually seeing from your lens and whether you expect their launch to impede the strong growth curve you've been on for LIVMARLI. Thank you. Thanks, Josh, for the question. I'll hand over to Peter to talk about the competitive dynamic. Yeah. Thanks, Josh. And indeed, you know, LIVMARLI has been, you know, approved and marketed in the U.S. for over two years now, and Q3 is the first quarter where there was another product available in Alagille syndrome. And I think that what we'd really point you to is the headline tape. The, you know, the net revenue that we saw in Q3 was a really strong step up over Q2. In fact, even a little stronger than what we saw from Q1 to Q2 in terms of LIVMARLI U.S. sales. So we think the story is there, that LIVMARLI's growth trajectory is very strong, and it's not not been impacted. Can you comment on the split between U.S. and rest of world as well? Can you comment on whether you have seen any attrition of patients to Bylvay? And if so, how many, and why do you think they might have switched? Well, I think on the, you know, Peter commented on the U.S. dynamic. Internationally, the regulatory situation is a bit different, where we've not seen, in Europe, for example, an approval of Bylvay and Alagille syndrome. And so we, you know, we are continuing to grow and add patients there. It's a really strong situation for international markets, really anchored around Europe at this point. Great. Thank you. Thanks for the questions. Thank you. Your next question comes from Gavin Clark-Gartner of Evercore ISI. Hey, congrats on the quarter, and thanks for taking my questions. So for the EMBARK readout, when is the baseline bilirubin value taken in relation to the Kasai procedure? Yeah, thanks for the question. So the baseline bilirubin that we see in the EMBARK study is very similar to what's observed in the natural history. Pre-Kasai, it's about close to about 10mg/dl, which has been shown in a few literature papers, about 9.5mg/dl-10mg/dl. And post-Kasai, we see it around 7 mg/dl, and so that really leaves a lot of room in the six months for improvement in a treatment. So looking forward to sharing that data later this year. And just to clarify, is the baseline value for the trial after the Kasai, when it's around the 7 mg/dl value? It is. It's after the Kasai. Okay, got it. And thanks for taking the question. Thanks, Gavin. We now have Mani Foroohar of Leerink Partners. Your line's open. Hey, congrats on a strong quarter, and thanks for sending the question in. I guess a broader question around, sort of looking past approval of the NDA now that you have the general phase, Phase III data in hand. How should we think about, you know, avenues that you have available to you to accelerate growth, whether through pricing, promotional opportunities, et cetera, that perhaps weren't available when this, prior to having that data and FDA approval? And how do we think about avenues to accelerate growth in that asset and potentially expand margins as a consequence? Yeah. Thanks for the question, Mani. Yeah, I think, you know, we anticipate FDA approval of Chenodal and CTX, potential approval in 2025. And, you know, thinking from that point, you know, really the opportunity here is to increase the diagnosis rate. Once you have a diagnosed patient in a clinic, we see substantially all patients are offered Chenodal already. It's really seen as a necessity. So but we do know from KOLs and literature, diagnosis rates are quite low. We think only 10%, of patients approximately are diagnosed. So we've spent a lot of time thinking about what can we do to increase that 10%. Obviously, if you're... You know, you don't have to do a lot to make a difference in terms of the growth of the product. So we're, you know, we have a team and efforts around, you know, promote disease state awareness, genetic testing, and neurology, ophthalmology, medical genetics, to try to find more patients, essentially, and bring more patients into a diagnosis and under care. Great. And I guess secondarily on the pipeline, obviously, a lot of focus on biliary atresia, given the unmet need there. Presuming that you see a positive, a positive result on bilirubin, some perhaps directional benefit on event, on event rate transplant, obviously, the study is not powered for that. Can you walk us through what the time horizon would be, and what the steps are for you to engage with regulators and then be able to perhaps provide us and investors on, in a public setting, an update on what the filability or path to approvability would be of that indication? Yeah, thanks for that question, Mani. The biliary atresia timelines kind of laid them out in total. You know, expect the top-line data from the EMBARK study by the end of the year, and we'll then take that data the way you described, you know, having a positive bilirubin analysis and, you know, supportive trends on outcomes would be a really strong outcome here that we'd be excited to take forward to FDA. We'd look to have that meeting in the first half of the year and, you know, sometime towards midyear, be able to update publicly on what our plans are on taking it forward based on the FDA input. Great. That's helpful. Is it reasonable to assume that that might be something we'd hear from you guys, like, in the first half of next year? Or is it just too early to kind of make those assumptions around, like, or how narrow that timeline might be? We, you know, these types of interactions are dependent on scheduling with FDA. So as we get closer, through getting to a meeting with FDA, we'd be able to provide some clarity. For now, the best guidance we have is, you know, having an update by midyear next year. Great. That's helpful. I know you have other analysts waiting. I'll hop off the line. Excellent. Thanks for the question. Thank you. Your next question comes from the line of Steve Seedhouse of Raymond James. Thanks. Good afternoon, everyone. I wanted to ask about EMBARK first. Just, do you have a sense, based on the demographic you've enrolled, of the number of clinical events you'd be able to analyze by the time of the top-line data? And also the registry work you guys are doing in parallel, will that be available and part of the top-line analysis before year-end? Second, I just wanted to ask about the PBC and PSC data. It's, I guess, delayed, maybe you'd refute that, but the And widened in terms of just the expectation on when the timing would be of those in terms. Can you just talk about some of the inputs there as well? Thanks so much. Yeah, thanks for the question. I can answer these. So, you know, with regard to your first question on the events, for bilirubin, we are seeing events coming in, and as you can expect, these patients with a highly progressive disease, but this is blinded data, and we'll be able to share, top line, more information with you towards the end of the year. With regards to the registry, we're working very closely with the Natural History Registry, as you alluded to. What we're really looking at is aligning, our patient population and pulling patients from that registry to really understand, in this particular EMBARK population, what, bilirubin levels are really prognostic for transplant-free survival, and that will hopefully, you know, will help to, bolster, supportive information as part of our discussion with the FDA. With regard to PSC and PBC, yeah, so we've seen, you know, some screen failures come in since our last earnings call. A lot of these are coming from the eDiary compliance, so patients have to complete a pruritus score daily. So we're working closely with sites to minimize that. There's been a few patients that have screen failed for liver labs, screening liver labs, and then a couple for qualifying pruritus scores. But we remain actively screening and really excited to share data next year. All right, thanks so much. Thanks for the question. We now have David Lebowitz of Citi. Thank you very much for taking my question. Considering the EMA recently reaffirmed its decision to not give orphan disease status to Bylvay for ALGS, how do you believe that reads through or does not read through to LIVMARLI relative to PFIC? Thanks for the question, David. Yeah, it's a really interesting situation on watching this unfold, and I think just for a little bit of background, on this, you know, the key factor is, you know, to maintain orphan designation is to have some significant benefit over available therapies. That's our understanding of what the recent outcome was with EMA on their recent Alagille syndrome decision. And we're, yeah, we're waiting to hear back for final feedback from EMA. We're optimistic about the dataset that the MARCH PFIC study provides, in that it's a broader genetic profile of patients. It starts at a younger age, and it's a stronger response rate. Those are all things that we included in our submissions and some of the briefing materials on this point, and we should have an update on feedback from the agency by the end of the year. Thanks for taking my question. Yeah, thanks for the question. We now have Brian Skorney of Baird. Hey, good afternoon, guys. Thanks for taking the question. My question is also on Embark. Can you just give us a little bit of an idea of how you sort of characterize the primary, the change in bilirubin, what that means, versus the secondary endpoint of getting patients below 2 mg per deciliter? And just in time, in terms of expectations for the placebo arm on that secondary endpoint, I think the Children's Liver Disease Research Network, that about 50% of infants post Kasai at three months had bilirubin of less than 2mg/dl. So is that a reasonable assumption for the placebo rate or for that endpoint in Embark? And is there anything to consider in the design that might make that more or less? Thanks. Yeah, thanks, thanks for the question. So maybe I'll start with your, your last question first. So in the natural history, you know, that shows that somewhere between 7.5mg/dl-10mg/dl from the literature, post Kasai, and less than half of those patients will clear jaundice. So the majority of those patients will remain elevated to varying degrees. And as you alluded to, those patients that do really well and have good established bile flow, less than 2 mg/dL, they'll do pretty well. But the majority of them are really between 2mg/dl and greater than 6mg/dl. And so we'll also be looking at if we shift patients from high risk, meaning greater than 6 mg/dl, to moderate risk between 2 mg/dl and 6 mg/dl, and maybe those from moderate risk to low risk. So we'll be looking at bilirubin in all different ways, and our primary endpoint, to answer your first question, is looking at the proportion, the percent change difference between active and placebo at month six using a MMRM analysis. And did I think that was it, or was there another question? Thank you. We now have Ed Arce. of H.C. Wainwright. Hi, good afternoon, everyone. This is Thomas Yip, asking a couple of questions for Ed. Thank you for taking our questions. First, congratulations on the positive restore data set, earlier this month, early last month, actually. Can you talk about a little bit about Chenodal NDA filing and CTX in the first half of next year? In addition to restore data, what do you anticipate will be positive data package? Would that be historical data or post-marketing usage data? Thanks for the question. Yeah, the NDA approach we see as relatively straightforward here for Chenodal. There's been extensive back and forth with FDA on what they're expecting for the NDA in the discussion of the RESTORE phase III study design. So that was something that we did work on and got comfortable that this was good alignment with FDA, that this would support an NDA for the CTX indication. And the NDA will include, you know, kind of the typical battery of additional data analyses that you'd see for a small molecule application. So nothing particularly unique about the NDA overall. Okay, got it. And then perhaps just one more question from us. For LIVMARLI and Alagille syndrome in U.S. market, as we get close to the end of the year, what's your anticipated growth level of growth for in Alagille syndrome for 2024? We have not provided any guidance on 2024 at this point, and we're still discussing internally, and if so, what and when. So stay tuned on that. Okay, understood. Okay, thank you again for taking all the questions, and, look, looking forward to, and, and Mark's data readout. Yeah. Thanks, Thomas. Thank you. We now have our final question on the line from Jon Wolleben of JMP Securities. Hey, thanks for taking the question. Just on Chenodal and Cholbam, wondering if you could talk a little bit about the early experience with those products and then also the genetic testing. You know, what kind of leverage do you think that will give you for LIVMARLI down the road? And then how, how should we think about, you know, a CTX approval and its potential impact on sales? Thanks. Yeah. Thanks for the question, Jon. You know, it's been, it's been, you know, really exciting to bring these products and the genetic testing into Mirum. Yeah, kind of commented on some of the dynamics in the script. Our liver team now is, you know, focused on promoting both LIVMARLI and CHOLBAM to pediatric hepatologists, as well as, you know, kind of having a leadership role with the cholestasis genetic testing. Which really kind of enhances the value proposition that the Mirum team can bring to our customers, the prescribers and other healthcare professionals. Certainly improves access and ability to, you know, kind of having reasons to be in front of their customers. So really excited about what this is doing for Mirum's profile and, you know, supporting LIVMARLI's growth. So I think that's, that's, you know, one point. And then, yeah, as we, as we move forward into 2024, 2025, continue to expect the bile acid products to deliver low to mid-single-digit growth. You know, we, we think we can, you know, we're excited about the investments we can make in CTX and trying to increase the diagnosis rate there, find more patients, find them earlier, when we could probably have a, a larger impact. Helpful color. Thank you. Thanks, Jon. Thank you. As a reminder, it's star one to ask any further questions. Oh, I can confirm we have no further questions, so I'd like to turn the call back over to Chris for any final remarks. Great. Thank you for joining today's call. Just as a note to close out here, it has been a strong quarter for Mirum. The biggest-ever quarter of revenue, additional medicines in the portfolio, multiple clinical and regulatory catalysts ahead, and strong balance sheet. Have a great evening. Goodbye. Thank you all for joining. I can confirm that does conclude today's call. Please have a lovely rest of your day, and you may now disconnect your line.