H.C. Wainwright upgraded Ventyx Biosciences (VTYX) to Buy from Neutral with an $18 price target The firm says the recent acquisition from Novartis of Tourmaline highlights hsCRP biomarker for cardiovascular disease. Recent data from Ventyx’s VTX3232 Phase 2 trial for obesity and cardiovascular risk factors “largely mimics” data presented from IL-6 inhibitor pacibekitug from Tourmaline which was acquired recently by Novartis for $1.4B in September, the analyst tells investors in a research note.
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