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9.4681106749215E-05 -2.18494861729953E-05 -2.18494861729953E-05 0.000138380079095076 -2.18494861729953E-05 -1.45663241153733E-05 -7.28316205775134E-06 0.000706466719590884
Stock impact report

Lilly snaps up Ventyx for $1.2B in pursuit of oral immune drugs [Yahoo! Finance]

Ventyx Biosciences, Inc. (VTYX) 
Company Research Source: Yahoo! Finance
Eli Lilly is deepening its investment in inflammatory diseases, spending $1.2 billion to buy Ventyx Biosciences for an experimental drug that has the potential to treat an array of immunological conditions. The Indiana-based manufacturer of obesity drug Zepbound announced Wednesday it will spend $14 per share to buy Ventyx, which in October reported promising data for an oral immune disease drug code-named VTX3232. The per-share figure represents a 62% premium to Ventyx's average trading price for the 30 days ending Jan. 5. News of the pending acquisition was first reported by the Wall Street Journal on Tuesday, sending shares close to the value Lilly ultimately paid. Ventyx's drug is part of a class of medications that Lilly doesn't have. Known as NLRP3 inhibitors, these drugs block proteins that stimulate inflammation in a variety of tissues, making them potentially helpful in treating cardiometabolic, neurological and immunological disorders. In October, for instance, Vent Show less Read more
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