Ventyx Biosciences Q3 net loss narrows to $22.8 mln

Reuters11-07
<a href="https://laohu8.com/S/VTYX">Ventyx Biosciences</a> Q3 net loss narrows to $22.8 mln

Overview

  • Ventyx Q3 net loss narrows to $22.8 mln from $35.2 mln last year

  • Company's cash reserves expected to fund operations into at least H2 2026

  • VTX3232 shows promising Phase 2 results for cardiovascular and Parkinson's disease

Outlook

  • Company expects topline data from VTX2735 study in Q4 2025

  • Ventyx's cash expected to fund operations into at least H2 2026

Result Drivers

  • FINANCIAL POSITION - Cash reserves of $192.6 mln expected to fund operations into at least H2 2026

  • Expenses - R&D expenses fell to $17.7 mln from $30.6 mln a year ago, while general and administrative costs declined to $7.2 mln from $7.9 mln

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

-$0.32

Q3 Net Income

-$22.83 mln

Q3 Operating Expenses

$24.87 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Ventyx Biosciences Inc is $12.00, about 25% above its November 5 closing price of $9.00

Press Release: ID:nGNX1WBR9C

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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