Inventiva S.A. (Euronext Paris: IVA; Nasdaq: IVA) is a clinical-stage biopharmaceutical company focused on the development of oral small molecule therapies for patients with significant unmet medical needs in fibrosis, lysosomal storage disorders, and oncology; its lead product candidate, lanifibranor, a pan-PPAR agonist, advances in the phase 3 NATiV3 trial for metabolic dysfunction-associated steatohepatitis (MASH, formerly NASH), demonstrating efficacy in resolving NASH without worsening fibrosis, improving fibrosis without worsening NASH, and achieving composite endpoints in prior phase 2b studies; the second clinical asset, odiparcil, targets mucopolysaccharidoses (MPS) by modifying glycosaminoglycan synthesis to promote urinary excretion; earlier-stage programs include preclinical efforts in TGF-beta for idiopathic pulmonary fibrosis, Hippo signaling pathway modulation, and oncology indications such as multiple myeloma and lung cancer. Founded in 2011 and headquartered at 50 rue de Dijon in Daix, France, the company leverages a proprietary discovery engine with a library of over 240,000 compounds, expertise in nuclear receptors, transcription factors, and epigenetic modulation, and partnerships including collaborations with AbbVie, Boehringer Ingelheim, Sino Biopharm, and Hepalys Pharma. Recent developments include the October 2025 launch of a $100 million at-the-market (ATM) equity offering program through Piper Sandler to fund lanifibranor development and operations, a November 2025 announcement of a $125 million public offering of American Depositary Shares (ADSs) representing new ordinary shares, and a strategic pipeline prioritization focusing clinical resources on lanifibranor while suspending odiparcil advancement and reviewing options for its future.