STAT+: Ventyx stock craters after lackluster mid-stage trial results for psoriasis drug
STAT
NOVEMBER 6, 2023
SAN DIEGO — Ventyx Biosciences reported on Monday that it was ending development of an experimental drug for treating plaque psoriasis though it proved safe and moderately effective in a mid-stage trial. Within hours, the company’s stock tanked by more than 80%. Shares in Ventyx plummeted from $14.09 during after-hours trading.
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