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Ventyx Biosciences Priced, Nasdaq: VTYX

Phase 1 biotech developing selective therapies for inflammatory and autoimmune diseases.

Industry: Health Care

First Day Return: +31.4%

Industry: Health Care

We are a clinical-stage biopharmaceutical company focused on advancing new therapies for millions of patients living with inflammatory diseases and autoimmune disorders. We believe our ability to discover and develop differentiated product candidates in an efficient manner allows us to address well-established multi-billion-dollar commercial markets and positions us to become a leader in the immunology market. Our lead product candidate is VTX958, an oral, selective clinical-stage tyrosine kinase type 2 (TYK2) inhibitor. Its selectivity for TYK2 without detectable inhibition of other Janus kinase (JAK) isoforms in preclinical studies supports the potential to avoid toxicities associated with broader JAK inhibition and, thus, other JAK inhibitors. We believe VTX958 has the potential to address a broad range of immune-mediated diseases, such as psoriasis, inflammatory bowel disease (IBD), psoriatic arthritis and lupus, each of which represent multi-billion-dollar market opportunities. We plan to develop VTX958 initially for psoriasis, psoriatic arthritis and Crohn’s disease, among other potential indications.
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Ventyx Biosciences (VTYX) Performance