John Nuss, the Chief Scientific Officer of Ventyx Biosciences, Inc. (NASDAQ:VTYX), not too long ago bought shares of the corporate’s frequent inventory. In line with a current submitting with the Securities and Change Fee, Nuss bought 13,161 shares on December 19, 2024, at a mean worth of $2.2553 per share, totaling roughly $29,682. The transaction occurred close to the inventory’s 52-week low of $1.67, with shares at the moment buying and selling at $2.28. InvestingPro evaluation signifies the inventory is at the moment undervalued, with analysts setting worth targets starting from $2 to $21.
This transaction was carried out as a broker-assisted sale to cowl tax obligations associated to the vesting of restricted inventory models. Following this sale, Nuss holds 485,701 shares of Ventyx Biosciences.
Moreover, on December 17, 2024, Nuss acquired 34,930 shares of frequent inventory by means of the vesting of restricted inventory models, with no money exchanged on this transaction.
In different current information, Ventyx Biosciences has introduced a number of key developments. The corporate introduced encouraging long-term efficacy knowledge from its Part 2 examine of tamuzimod, a therapy for ulcerative colitis, on the United European Gastroenterology Week Convention. The examine achieved its major endpoint of scientific remission, with elevated remission charges noticed for each 30 mg and 60 mg doses. Regardless of these optimistic outcomes, Ventyx Biosciences doesn’t plan to advance tamuzimod into Part 3 trials with no associate.
As well as, the corporate has acquired a $27 million funding from pharmaceutical large Sanofi (NASDAQ:), linked to Ventyx’s drug candidate for Parkinson’s illness and weight problems, VTX3232. This funding is anticipated to increase the corporate’s monetary runway into the second half of 2026. Nevertheless, the corporate’s Part 2 trial of one other drug, VTX958, didn’t meet its major objective in treating Crohn’s illness, and Ventyx has indicated it is not going to conduct additional trials of VTX958 with its inside sources.
Analysts at H.C. Wainwright have maintained a Impartial score for Ventyx Biosciences, whereas Piper Sandler has saved its Chubby score and Oppenheimer has retained an Outperform score 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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