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Biotechpharmaceuticals News

The latest biotechpharmaceuticals stories, summarized by AI

Featured Biotechpharmaceuticals Stories

"VTYX Stock Plummets as Psoriasis Treatment Trials Fail"
biotechpharmaceuticals1.695 min read

"VTYX Stock Plummets as Psoriasis Treatment Trials Fail"

Biotech company Ventyx Biosciences saw its stock plummet by over 80% after its psoriasis drug, VTX958, failed to meet efficacy expectations in Phase 2 testing. Only two out of four doses showed statistically significant improvements in symptoms, leading the company to abandon further development in the highly competitive psoriasis market. Ventyx is terminating the psoriasis study and an ongoing test in psoriatic arthritis but will continue studying VTX958 in patients with Crohn's disease.

2 years ago•Source: Investor's Business Daily
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Nuvalent Raises $300M in Public Stock Offering
biotechpharmaceuticals
0.535 min•2 years ago

Nuvalent Raises $300M in Public Stock Offering

Cancer biotech company Nuvalent has announced a $300 million public offering of its common stock following positive Phase I results for its ALK-selective tyrosine kinase inhibitor candidate, NVL-655, in ALK-positive non-small cell lung cancer patients, with a 39% objective response rate observed in evaluable patients.

via Endpoints News
Verge Genomics and AstraZeneca Join Forces in $42M Drug Discovery Partnership
biotechpharmaceuticals
0.515 min•2 years ago

Verge Genomics and AstraZeneca Join Forces in $42M Drug Discovery Partnership

via Endpoints News

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