Why Ventyx Biosciences Stock Fell After-Hours
Portfolio Pulse from Ryan Gustafson
Ventyx Biosciences, Inc. (NASDAQ:VTYX) shares fell by 19.9% in after-hours trading following the announcement of Phase 2 trial results for VTX002, a treatment for moderate-to-severely active ulcerative colitis. Despite positive data and a compelling clinical remission rate, the stock price plunged.
October 09, 2023 | 8:38 pm
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Ventyx Biosciences' stock price fell by 19.9% in after-hours trading despite positive Phase 2 trial results for VTX002.
The drop in Ventyx Biosciences' stock price is likely due to investor concerns about the company's future profitability and the market potential of VTX002, despite the positive trial results. The market reaction suggests that investors may have had higher expectations for the trial results.
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