By Elias Schisgall
Shares of Ventyx Biosciences gained after The Wall Street Journal reported that the company is in advanced talks to be acquired by Eli Lilly for about $1 billion.
Ventyx shares were up 5.2%, to $8.23, late Tuesday afternoon. The stock has more than tripled in value in the past year.
Lilly, which also announced Tuesday a partnership with Nimbus Therapeutics to develop oral treatments for obesity, was up 2.1%, to $1063.79.
The deal for Lilly to acquire Ventyx could be announced imminently, the Journal reported on Tuesday.
Ventyx, which develops pills for inflammatory diseases, had a market value of just over $500 million as of Tuesday afternoon, prior to the Journal's report.
The company has pills in development for Crohn's disease, rheumatoid arthritis and cardiovascular disease associated with obesity, and its treatments have shown promise for neurodegenerative diseases and heart-related conditions.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
January 06, 2026 15:59 ET (20:59 GMT)
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