Oppenheimer raised the firm’s price target on Ventyx Biosciences (VTYX) to $14 from $9 and keeps an Outperform rating on the shares. The firm notes Ventyx announced Phase 2 data for CNS penetrant VTX3232 that changed up the story significantly. The data highlighted rapid reductions in hsCRP and other inflammatory biomarkers in this population of obese patients with cardiovascular risk factors. While these results closed the chapter on NLRP3 inhibitors in obesity, they threw open the door to addressing a validated biomarker for cardiovascular risk in hsCRP, Oppenheimer argues.
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