Condensed Combined Statement of Operations $ in Thousands | 12 Months Ended |
Dec. 31, 2021 USD ($) $ / shares shares |
VENTYX BIOSCIENCES, INC [Member] | |
Operating expenses: | |
Research and development | $ 58,481 |
General and administrative | 8,666 |
Total operating expenses | 67,147 |
Loss from operations | (67,147) |
Other (income) expense: | |
Other (income) expense | (27) |
Interest expense—related party | 99 |
Change in fair value of notes and derivative—related party | 11,051 |
Change in fair value of Series A tranche liability | 5,476 |
Change in fair value of 2020 bridge loan notes | 0 |
Total other (income) expense | 16,599 |
Net loss | (83,746) |
Deemed dividend | (1,552) |
Net loss attributable to common shareholders | $ (85,298) |
Net loss per share attributable to common shareholders, basic | $ / shares | $ (6.65) |
Net loss per share attributable to common shareholders, diluted | $ / shares | $ (6.65) |
Shares used to compute basic net loss per share attributable to common shareholders | shares | 12,825,598 |
Shares used to compute diluted net loss per share attributable to common shareholders | shares | 12,825,598 |
ZOMAGEN BIOSCIENCES, LTD [Member] | |
Operating expenses: | |
Research and development | $ 730 |
General and administrative | 152 |
Total operating expenses | 882 |
Loss from operations | (882) |
Other (income) expense: | |
Other (income) expense | 0 |
Interest expense—related party | 287 |
Change in fair value of notes and derivative—related party | 0 |
Change in fair value of Series A tranche liability | 0 |
Change in fair value of 2020 bridge loan notes | 0 |
Total other (income) expense | 287 |
Net loss | (1,169) |
Deemed dividend | 0 |
Net loss attributable to common shareholders | (1,169) |
OPPILAN PHARMA, LTD [Member] | |
Operating expenses: | |
Research and development | (15) |
General and administrative | 353 |
Total operating expenses | 338 |
Loss from operations | (338) |
Other (income) expense: | |
Other (income) expense | 0 |
Interest expense—related party | 0 |
Change in fair value of notes and derivative—related party | 0 |
Change in fair value of Series A tranche liability | 0 |
Change in fair value of 2020 bridge loan notes | (139) |
Total other (income) expense | (139) |
Net loss | (199) |
Deemed dividend | 0 |
Net loss attributable to common shareholders | (199) |
TRANSACTION ACCOUNTING ADJUSTMENTS [Member] | |
Operating expenses: | |
Research and development | 0 |
General and administrative | 0 |
Total operating expenses | 0 |
Loss from operations | 0 |
Other (income) expense: | |
Other (income) expense | 0 |
Interest expense—related party | (386) |
Change in fair value of notes and derivative—related party | (11,051) |
Change in fair value of Series A tranche liability | 0 |
Change in fair value of 2020 bridge loan notes | 139 |
Total other (income) expense | (11,298) |
Net loss | 11,298 |
Deemed dividend | 0 |
Net loss attributable to common shareholders | $ 11,298 |
Shares used to compute basic net loss per share attributable to common shareholders | shares | 125,624 |
Shares used to compute diluted net loss per share attributable to common shareholders | shares | 125,624 |
PRO FORMA COMBINED [Member] | |
Operating expenses: | |
Research and development | $ 59,196 |
General and administrative | 9,171 |
Total operating expenses | 68,367 |
Loss from operations | (68,367) |
Other (income) expense: | |
Other (income) expense | (27) |
Interest expense—related party | 0 |
Change in fair value of notes and derivative—related party | 0 |
Change in fair value of Series A tranche liability | 5,476 |
Change in fair value of 2020 bridge loan notes | 0 |
Total other (income) expense | 5,449 |
Net loss | (73,816) |
Deemed dividend | (1,552) |
Net loss attributable to common shareholders | $ (75,368) |
Net loss per share attributable to common shareholders, basic | $ / shares | $ (5.82) |
Net loss per share attributable to common shareholders, diluted | $ / shares | $ (5.82) |
Shares used to compute basic net loss per share attributable to common shareholders | shares | 12,951,222 |
Shares used to compute diluted net loss per share attributable to common shareholders | shares | 12,951,222 |