Inventiva S.A. (IVA) Morgan Stanley 24th Annual Global Healthcare Conference September 15, 2026 4:50 PM EDT
Company Participants
Andrew Obenshain – Chief Executive Officer
Jason Campagna – President of Research & Development and Chief Medical Officer
Presentation
Unknown Analyst
Well, thank you for joining me today at this fireside chat with CEO of Inventiva, Andrew Obenshain; and the CMO, Jason Campagna. I will do a quick disclosure from Morgan Stanley. So for important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative.
Without further ado, let’s get started. Andrew, before we get into the details, could you give us a brief update on where Inventiva stands today and what investors should understand about the company as you approach a very pivotal Phase III readout?
Andrew Obenshain
Chief Executive Officer
Thank you. And those last words are the keywords. We are approaching a Phase III readout for our sole asset, lanifibranor, and we’ve guided that, that readout will happen in Q4. So it is imminent. And for those of you that don’t know Inventiva, we are a single product company based in France, and lanifibranor is our lead product. It is a product that treats the disease of NASH, which is 1 disease, but that has 2 disease drivers and lanifibranor addresses both those drivers. Let me just give you a little bit of an overview of NASH.
NASH is liver disease and it’s the second leading cause of liver transplant in the U.S. There’s 2 drivers of disease. There’s the scarring of the liver itself, the scar deposit and the lack of scar dissolving and that can progress up until cirrhosis and it can be death sentence if you get to cirrhosis. But it’s really driven by metabolic