Ventyx Biosciences reported its financial results for the third quarter of 2024, highlighting a cash balance of $274.8 million as of September 30, 2024. This cash position is expected to fund the company's operations into at least the second half of 2026. The financial runway is critical for advancing its clinical pipeline.
The company provided an outlook for key clinical milestones anticipated in 2025. Topline results from the Phase 2a trial of VTX3232 in patients with early Parkinson’s disease are expected in the first half of 2025. This trial is a significant step for its CNS-penetrant NLRP3 inhibitor.
Additionally, Ventyx expects to initiate a Phase 2 trial of VTX3232 in subjects with obesity and cardiometabolic risk factors by year-end 2024, with topline results anticipated in the second half of 2025. A Phase 2 trial of VTX2735 in patients with recurrent pericarditis is also expected to initiate by year-end 2024, with topline results in the second half of 2025.
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