John Nuss, Chief Scientific Officer of Ventyx Biosciences, Inc. (NASDAQ: VTYX), just lately offered frequent inventory of the corporate. In accordance with a current submitting with the Securities and Change Fee, Nuss offered 13,161 shares on December 19, 2024, at a mean worth of $2.2553 per share, for a complete of roughly $29,682. The commerce occurred close to the inventory’s 52-week low of $1.67, with shares at present buying and selling at $2.28. InvestPro The evaluation signifies that the inventory is at present undervalued, with analysts setting worth targets starting from $2 to $21.
This transaction was accomplished as a broker-assisted sale to cowl tax obligations related to the acquisition of restricted inventory items. Following this sale, Nuss owns 485,701 shares of Ventyx Biosciences.
Moreover, on December 17, 2024, Nuss acquired 34,930 shares of frequent inventory by means of the acquisition of restricted inventory items, with no alternate of money in reference to this transaction.
Moreover, Ventyx Biosciences introduced a number of key developments. The corporate offered encouraging long-term efficacy knowledge from its Section 2 examine of tamuzimod, a therapy for ulcerative colitis, on the European Gastroenterology Week convention. The examine met its major endpoint of scientific remission, with elevated remission charges noticed for each the 30 mg and 60 mg doses. Regardless of these constructive outcomes, Ventyx Biosciences doesn’t plan to advance tamuzimod to part 3 trials with no accomplice.
Moreover, the corporate obtained a $27 million funding from the pharmaceutical big. Sanofi (NASDAQ:), associated to Ventyx’s Parkinson’s illness and weight problems drug candidate, VTX3232. This funding is predicted to increase the corporate’s monetary margin by means of the second half of 2026. Nonetheless, the corporate’s Section 2 trial of one other drug, VTX958, failed to fulfill its major objective in treating the illness of Crohn’s, and Ventyx indicated that it will not conduct additional trials. testing of the VTX958 with its inner sources.
Analysts at HC Wainwright maintained a Impartial ranking on Ventyx Biosciences, whereas Piper Sandler retained its Obese ranking and Oppenheimer retained an Outperform ranking regardless of a lowered worth goal. Lastly, Ventyx Biosciences reported a web quarterly lack of $38.6 million, with money, money equivalents and marketable securities totaling $279.7 million.
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