Ventyx Biosciences Acquisition, Valuation & Financials

Ventyx Biosciences was acquired by Eli Lilly for $1.2B in January 2026.

Ventyx Biosciences acquisition price

$1.2B

Acquired by Eli Lilly · Jan 2026

Ventyx Biosciences revenue as a public company

-

Last twelve months · Jan 2026

Cumulative funding Ventyx Biosciences raised

$165M

across 2 funding rounds

Ventyx Biosciences market cap before the deal

$1B

NAS: VTYX · Jan 2026

Ventyx Biosciences Overview

About Ventyx Biosciences

Ventyx Biosciences Inc is a clinical-stage biopharmaceutical company focused on advancing new therapies for millions of patients living with inflammatory diseases and autoimmune, and neurodegenerative disorders. The company is developing a pipeline of novel small-molecule product candidates to address a range of inflammatory diseases. Its product candidate VTX958 is an oral, selective clinical-stage tyrosine kinase type 2 (TYK2) inhibitor designed to inhibit TYK2 without detectable inhibition of other Janus kinase (JAK) isoforms, which avoids toxicities associated with broader JAK inhibition and, thus, other JAK inhibitors.


Founded

2018

HQ

United StatesUnited States

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Revenue

- (Jan 2026)

Valuation

$1.2B (acquired Jan 2026)

Ventyx Biosciences Acquisition

Ventyx Biosciences was acquired by Eli Lilly for $1.2B on 7 January 2026.

Before the acquisition Ventyx Biosciences had raised $165M across 2 funding rounds.

Ventyx Biosciences acquisition details
AcquirerDateTypePrice
7 Jan 2026Strategic M&A$1.2B

Sources: prnewswire.com

Ventyx Biosciences as a Public Company

Ventyx Biosciences traded as NAS: VTYX before it was taken private. Its acquisition was announced in January 2026. January 2026 is its last month on record as a listed company, with a market cap of $1B and an enterprise value of $818M.

Over the 4 years before that, its market cap grew from $818M in January 2022 to $1B.

Ventyx Biosciences market cap while listed

Ventyx Biosciences financials and trading multiples by year while listed
As ofMarket capRevenue (LTM)EBITDA (LTM)EV/EBITDA
Jan 2026$1B-($110M)(7.4x)
Jan 2025$142M-($147M)0.8x
Jan 2024$125M-($188M)0.9x
Jan 2023$2.4B-($105M)(18.8x)
Jan 2022$818M---

Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month Ventyx Biosciences traded.

Ventyx Biosciences Funding History

Ventyx Biosciences has raised a total of $165M across 2 funding rounds.

Ventyx Biosciences' first fundraising round was a $114M Series A in March 2021. The most recent completed round was a $51M Series B in September 2021.

Ventyx Biosciences funding rounds

Ventyx Biosciences funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2021Series BSurveyor Capital (lead); RTW Investments; Wellington Management; Third Point; Janus Henderson; Vivo Capital; Logos Capital; Farallon Capital Management; Qiming Venture Partners USA; OrbiMed; venBio Partners; Cormorant Asset Management$51MVentyx Biosciences closed a $51 million Series B convertible preferred stock financing in September 2021, led by Surveyor Capital with a handful of existing investors participating. The proceeds were intended to accelerate development of the company's clinical programs. The round followed a $114 million equity financing in March 2021 led by venBio Partners. Alongside the financing the company named Sheila Gujrathi as executive chair of the board and Jorn Drappa as chief medical officer, and added William White as independent director and audit committee chair and Luisa Salter-Cid as chair of the scientific board. Ventyx is a clinical-stage biopharmaceutical company based in Encinitas, California, developing small-molecule drugs for inflammatory and autoimmune diseases. Its clinical pipeline then included VTX958, a Phase 1 allosteric TYK2 inhibitor, VTX002, a Phase 2-ready S1P1 receptor modulator for ulcerative colitis, and VTX2735, a Phase 1-ready peripheral NLRP3 inflammasome inhibitor.
Mar 2021Series AvenBio Partners (lead)$114MVentyx Biosciences, a clinical-stage biotechnology company founded in 2019 and headquartered in Encinitas, California, focuses on developing a pipeline of immune modulators for inflammatory diseases and autoimmune disorders. The company combines clinical-stage programs from three entities founded by Raju Mohan and New Science Ventures, along with preclinical programs targeting high-value immunology targets. In March 2021, Ventyx raised $114 million in an equity financing round led by venBio Partners, with participation from investors including Third Point, RTW Investments, Janus Henderson Investors, Wellington Management, OrbiMed, Surveyor Capital, Farallon Capital, Vivo Capital, Logos Capital, Qiming Venture Partners USA, Cormorant Asset Management, and founding investor New Science Ventures. The funds supported advancement of its diverse immunology pipeline. venBio Partners, a life sciences investment firm, led the round and joined the board with representatives Richard Gaster, Aaron Miri, and Jigar Raythatha. The financing brought together assets into a diversified portfolio of best-in-class clinical and preclinical programs. A subsequent Series B round of $51 million occurred in October 2021. Ventyx later went public and faced challenges, culminating in its acquisition by Eli Lilly in March 2026 at $14.00 per share in an all-cash deal, converting shares and options to cash consideration.

Who has invested in Ventyx Biosciences?

12 investors have backed Ventyx Biosciences across its funding rounds, including venBio Partners, OrbiMed, Wellington Management, Cormorant Asset Management, Vivo Capital and Janus Henderson.

Lead investors include Surveyor Capital and venBio Partners.


Ventyx Biosciences Investors

Investors in Ventyx Biosciences by funding rounds participated
InvestorHQRoundsRoleFirst check
venBio PartnersUnited StatesSan Francisco, CA2LeadMar 2021
RTW InvestmentsUnited StatesNew York City, NY1ParticipantSep 2021
Wellington ManagementUnited StatesBoston, MA1ParticipantSep 2021
Third PointUnited StatesNew York City, NY1ParticipantSep 2021
Janus HendersonUnited StatesLondon1ParticipantSep 2021
Vivo CapitalUnited StatesPalo Alto1ParticipantSep 2021
Logos CapitalUnited StatesSan Francisco, CA1ParticipantSep 2021
Farallon Capital ManagementUnited StatesSan Francisco, CA1ParticipantSep 2021
Qiming Venture Partners USAUnited StatesUnited States1ParticipantSep 2021
OrbiMedUnited StatesNew York City, NY1ParticipantSep 2021

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Ventyx Biosciences Competitors

Ventyx Biosciences competitors include listed companies like InventisBio, Jiangxi Fushine Pharma, Chengdu Easton and Sinopep, and private ones like Formation Bio and Immunai.

Public and private companies comparable to Ventyx Biosciences
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
InventisBioChinaChinaPublicly listed$6M($49M)$1.2B58.1x
Jiangxi Fushine PharmaChinaChinaPublicly listed$178M$24M$1.1B4.0x
Chengdu EastonChinaChinaPublicly listed$200M$57M$1.1B4.2x
SinopepChinaChinaPublicly listed$292M$110M$1.3B-
Formation BioUnited StatesNew York City, NYPrivate--$1B-
ImmunaiUnited StatesNew York City, NYPrivate--$1B-

Ventyx Biosciences Public Comps

Ventyx Biosciences is no longer listed, but its public comps include Cosmo, Akums Drugs and Pharmaceuticals, Sawai Group Holdings, InventisBio, UroGen Pharma, Silence Therapeutics, Amphastar Pharmaceuticals, Duality Biotherapeutics, Everest Medicines and Vor Biopharma.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cosmo$117M$12M8.5x8.3x80.8x72.9x
Akums Drugs and Pharmaceuticals$452M$55M2.3x2.0x18.7x14.8x
Sawai Group Holdings$1.3B$202M1.4x1.4x8.8x7.1x
InventisBio$6M($49M)180.0x58.1x(20.6x)(23.5x)
UroGen Pharma$110M($142M)12.0x4.6x(9.3x)(10.6x)
Silence Therapeutics$559K($92M)1992.8x2444.5x(12.2x)(17.2x)
Amphastar Pharmaceuticals$720M$204M2.3x2.2x8.2x7.6x
Duality Biotherapeutics$278M($402M)3.0x4.0x(2.1x)(7.9x)

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Common questions about Ventyx Biosciences

When was Ventyx Biosciences founded?Ventyx Biosciences was founded in 2018.
Where is Ventyx Biosciences headquartered?Ventyx Biosciences is headquartered in United States.
Is Ventyx Biosciences publicly listed?No, Ventyx Biosciences was acquired by Eli Lilly in January 2026.
Who acquired Ventyx Biosciences?Ventyx Biosciences was acquired by Eli Lilly in January 2026.
How much was Ventyx Biosciences acquired for?Ventyx Biosciences was acquired for $1.2B in January 2026.
How much funding has Ventyx Biosciences raised?Ventyx Biosciences has raised $165M across 2 funding rounds.
What was Ventyx Biosciences' last funding round?Ventyx Biosciences' last funding round was a $51M Series B in September 2021, led by Surveyor Capital.
Who are Ventyx Biosciences' investors?Ventyx Biosciences' investors include venBio Partners, RTW Investments, Wellington Management, Third Point, Janus Henderson, Vivo Capital, Logos Capital, Farallon Capital Management, Qiming Venture Partners USA, OrbiMed and 2 others.
Which companies are comparable to Ventyx Biosciences?Companies comparable to Ventyx Biosciences include InventisBio, Jiangxi Fushine Pharma, Chengdu Easton, Sinopep, Formation Bio and Immunai.
What was Ventyx Biosciences' market cap before the acquisition?Ventyx Biosciences had a market cap of $1B in January 2026, its last month on record as a listed company.

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