Why Viking Therapeutics Stock Crashed Today
Viking Therapeutics (NASDAQ: VKTX) stock collapsed on Tuesday, down 41.4% through 10:25 a.m. ET after reporting what pharmaceutical analysts are calling "mixed results" for its new GLP-1 weight loss pill, VK2735.
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In a press release this morning, Viking put a brave face on results of its "Phase 2 VENTURE-Oral Dosing Trial of VK2735 Tablet Formulation." The study achieved primary and secondary endpoints, said Viking, "demonstrating statistically significant reductions [of 12.2%] in body weight with once-daily VK2735 dosing as compared to placebo." Weight loss continued after the 13 weeks were done, with no "plateau" observed in weight reduction post-study.
Source Fool.com
Viking Therapeutics Inc Stock
€23.13
-2.010%
Viking Therapeutics Inc is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
With a target price of 45 € there is a hugely positive potential of 94.55% for Viking Therapeutics Inc compared to the current price of 23.13 €.
