Canaccord lowered the firm’s price target on Ventyx Biosciences to $14 from $15 and keeps a Buy rating on the shares. The firm noted they announced the disappointing Phase IIb HARMONY trial results for VTX958 (TYK2 inhibitor) in Crohn’s disease, followed by the decision to pause the pursuit of the CD program cauding Canaccord to zero out the CD program from our model valuation.
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Read More on VTYX:
- VTYX Earnings this Week: How Will it Perform?
- Ventyx Biosciences Reports Second Quarter 2024 Financial Results and Highlights Recent Corporate Progress
- Ventyx Biosciences reports Q2 EPS (45c), consensus (58c)
- Ventyx falls 19% to $2.39 after Crohn’s disease trial misses endpoint
- Ventyx Biosciences announces reuslts from Phase 2 trial of VTX958
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