Is There a Future for Viking Therapeutics?
After the release of the top-line results from its phase 2 clinical trial of its lead drug candidate, VK2735 (oral formulation), in August, there were investors who doubted whether Viking Therapeutics (NASDAQ: VKTX) had a bright future. But a closer look suggests there are strong reasons to believe the recovery in the stock price since then is justified. Here's why.
The company's VK2735 is a GLP-1 and GIP agonist weight loss drug being clinically tested in subcutaneous (injection under the skin) and oral formulations. The subcutaneous formulation is currently enrolling participants in phase 3 trials (for individuals with obesity and type 2 diabetes), with results expected in 2027. Its phase 2 results are excellent, and it may offer a viable alternative to rival offerings from Novo Nordisk and Eli Lilly.
However, the real excitement around VK2735 is arguably centered on the oral formulation, which reported superb efficacy, safety, and tolerability results in a phase 1 trial. Efficacy was also demonstrated in the phase 2 trial. Still, investors were disappointed by the 20% discontinuation rate among participants using oral VK2735, and the stock sold off heavily.
Source Fool.com
Viking Therapeutics Inc Stock
Currently there is a rather positive sentiment for Viking Therapeutics Inc with 4 Buy predictions and 0 Sell predictions.
However, we have a potential of -1.15% for Viking Therapeutics Inc as the target price of 25 € is below the current price of 25.29 €.
