Ventyx Biosciences Reports First Quarter 2024 Financial Results and Highlights Recent Corporate Progress
SAN DIEGO, May 09, 2024 (GLOBE NEWSWIRE) -- Ventyx Biosciences, Inc. (Nasdaq: VTYX) (“Ventyx”), a clinical-stage biopharmaceutical company focused on advancing novel oral therapies that address a broad range of inflammatory diseases with significant unmet medical need, today announced financial results for the first quarter ended March 31, 2024, and highlighted recent pipeline and business progress.
- ET to discuss its first quarter 2024 financial results and provide a corporate update.
- First Quarter 2024 Financial Results:
Cash Position: Cash, cash equivalents and marketable securities were $302.6 million as of March 31, 2024. - Research and Development (R&D) expenses: R&D expenses were $33.7 million for the first quarter of 2024, compared to $35.4 million for the first quarter of 2023.
- Net loss: Net loss was $38.6 million for the first quarter of 2024, compared to $38.9 million for the first quarter of 2023.