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Viking Therapeutics, Inc - VKTX STOCK NEWS

Welcome to our dedicated page for Viking Therapeutics news (Ticker: VKTX), a resource for investors and traders seeking the latest updates and insights on Viking Therapeutics stock.

Viking Therapeutics, Inc. (NASDAQ: VKTX) is a clinical-stage biopharmaceutical company based in San Diego, specializing in the development of novel therapies for metabolic and endocrine disorders. Focused on creating first-in-class or best-in-class treatments, Viking's research leverages its deep expertise in metabolism to develop innovative therapeutics designed to improve patients' lives.

Viking's pipeline includes three main compounds currently in clinical trials. VK2809, a selective thyroid hormone receptor beta agonist, is being evaluated for the treatment of non-alcoholic steatohepatitis (NASH) and fibrosis. Recent data from a Phase 2b VOYAGE study showed that VK2809 achieved both its primary and secondary endpoints, demonstrating significant reductions in liver fat content and improvements in fibrosis and NASH resolution over a 52-week treatment period.

The company is also advancing VK2735, a dual agonist of the glucagon-like peptide 1 (GLP-1) and glucose-dependent insulinotropic polypeptide (GIP) receptors, which is being developed for the treatment of metabolic disorders such as obesity. Phase 1 and 2 trials have indicated promising efficacy and safety profiles, with significant reductions in body weight observed in treated patients. Viking is evaluating both subcutaneous and oral formulations of VK2735, aiming to enhance patient convenience and expand market opportunities.

In the realm of rare diseases, Viking is developing VK0214, a selective thyroid hormone receptor beta agonist for the treatment of X-linked adrenoleukodystrophy (X-ALD). Currently in a Phase 1b clinical trial, VK0214 has shown potential benefits in treating the adrenomyeloneuropathy (AMN) form of X-ALD.

Financially, Viking reported a strong cash position of $963 million as of March 31, 2024, following a public offering of common stock. The company's strategic focus on advancing its clinical programs, coupled with its robust financial health, positions it well for future growth and development.

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Viking Therapeutics, Inc. (NASDAQ: VKTX) announced its CEO, Brian Lian, Ph.D., will present at the H.C. Wainwright BioConnect 2021 Conference from January 11-14, 2021. The presentation will be available online starting on January 11. Viking Therapeutics specializes in developing innovative therapies for metabolic and endocrine disorders. Key programs include VK2809, targeting non-alcoholic steatohepatitis (NASH) and fibrosis, and VK0214, aimed at X-linked adrenoleukodystrophy (X-ALD), indicating strong potential in the biopharmaceutical landscape.

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Viking Therapeutics (NASDAQ: VKTX) is set to present at the Stifel Healthcare Conference 2020, with CEO Brian Lian, Ph.D., delivering insights on the company's innovative therapies for metabolic and endocrine disorders. The virtual event will occur from November 16-18, 2020, with Viking's presentation scheduled for 11:40 a.m. PST on November 17, 2020. Investors can access the live webcast on Viking's website, where a replay will also be available post-conference. Viking is advancing its clinical programs, which include VK2809 and VK0214, targeting significant health issues.

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Viking Therapeutics (NASDAQ: VKTX) reported its Q3 financial results with a net loss of $9.3 million, or $0.13 per share, compared to a loss of $5.7 million last year. Key developments include ongoing enrollment in the Phase 2b VOYAGE study for VK2809 targeting non-alcoholic steatohepatitis (NASH) and the initiation of a Phase 1 trial for VK0214, aimed at treating X-linked adrenoleukodystrophy (X-ALD). The company ended the quarter with approximately $255 million in cash, supporting further clinical advancements despite challenges posed by the COVID-19 pandemic.

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Viking Therapeutics (NASDAQ: VKTX) will announce its third quarter 2020 financial results on October 28, 2020. The announcement follows an upcoming conference call scheduled for 4:30 p.m. ET that same day to discuss the results and corporate updates. Interested parties can join via phone or by visiting the company's website for a live webcast. Viking is known for developing innovative therapies for metabolic and endocrine disorders, including VK2809 for treating non-alcoholic steatohepatitis (NASH) and VK0214 for X-linked adrenoleukodystrophy (X-ALD).

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Viking Therapeutics (NASDAQ: VKTX) has initiated a Phase 1 clinical trial for VK0214, an orally available thyroid receptor beta agonist aimed at treating X-linked adrenoleukodystrophy (X-ALD). Following FDA clearance of its IND application, the trial will assess the safety, tolerability, and pharmacokinetics of VK0214 in healthy subjects. Preclinical findings indicate that VK0214 may significantly reduce very long chain fatty acids (VLCFAs), which are implicated in X-ALD. The company aims to begin a Phase 1b study in X-ALD patients upon successful completion of the initial trial.

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Viking Therapeutics (NASDAQ: VKTX) announced participation in four investor conferences in September 2020. The events include the Citi's 15th Annual BioPharma Conference on September 9-10, Morgan Stanley Global Healthcare Conference on September 14-16, Cantor Fitzgerald Virtual Global Healthcare Conference from September 15-17, and Oppenheimer Fall Healthcare Life Sciences & MedTech Summit on September 21-23. The Cantor Fitzgerald and Oppenheimer presentations will be available via webcast on the company's website. Viking is focused on developing therapies for metabolic and endocrine disorders.

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Viking Therapeutics (NASDAQ: VKTX) announced promising results from its Phase 2 study of VK2809 for non-alcoholic fatty liver disease (NAFLD) presented at the Digital International Liver Congress 2020. The 12-week study showed a median reduction of 45.4% in liver fat content at Week 16 for VK2809-treated patients, compared to 18.7% for placebo. Notably, 70.4% of VK2809 patients were responders, achieving ≥30% reduction in liver fat. The findings indicate VK2809's potential as a leading treatment for NASH, providing the basis for future dosing strategies and ongoing development in the Phase 2b VOYAGE study.

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Viking Therapeutics, Inc. (VKTX) announced the presentation of new data from its 12-week Phase 2 study of VK2809 for patients with non-alcoholic fatty liver disease (NAFLD) and elevated LDL-C at the Digital International Liver Congress 2020. The study successfully met its primary and secondary endpoints, with median relative reductions in liver fat between 53.8% and 60%, and response rates of up to 100%. New efficacy data at Week 16 will be discussed, along with 12-week results stratified by patient characteristics. The VOYAGE study is ongoing for non-alcoholic steatohepatitis (NASH).

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Viking Therapeutics (VKTX) reported Q2 2020 financial results, highlighting a net loss of $9.6 million, or $0.13 per share, compared to a loss of $7.7 million in Q2 2019. R&D expenses rose to $7.8 million due to clinical study costs. The company is advancing its clinical trials, including the Phase 2b VOYAGE trial for VK2809 in NASH and initiating a Phase 1 study for VK0214 after filing an IND. Viking ended the quarter with $263 million in cash, supporting its ongoing development efforts and upcoming milestones.

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Viking Therapeutics (NASDAQ: VKTX), a clinical-stage biopharmaceutical company, announced its participation in two investor conferences. The William Blair Biotech Focus Conference will take place virtually from August 4-6, 2020, involving 1-on-1 meetings. Additionally, the BTIG Virtual Biotechnology Conference is scheduled for August 10-11, 2020, featuring a fireside chat on August 11 at 3:30 p.m. Eastern and 1-on-1 meetings. Viking is focused on developing therapies for metabolic disorders, including VK2809 for NASH and VK5211 for improving lean body mass.

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FAQ

What is the current stock price of Viking Therapeutics (VKTX)?

The current stock price of Viking Therapeutics (VKTX) is $40.6 as of January 9, 2025.

What is the market cap of Viking Therapeutics (VKTX)?

The market cap of Viking Therapeutics (VKTX) is approximately 4.5B.

What is the focus of Viking Therapeutics, Inc.?

Viking Therapeutics specializes in developing novel therapies for metabolic and endocrine disorders.

What are the main compounds in Viking's clinical pipeline?

Viking's pipeline includes VK2809, VK2735, and VK0214, each targeting different metabolic and endocrine disorders.

What recent achievements has Viking Therapeutics reported?

Viking recently announced positive 52-week data for VK2809 in NASH and significant weight loss results for VK2735 in obesity.

What financial condition is Viking Therapeutics currently in?

As of March 31, 2024, Viking has a strong cash position of $963 million, supporting its clinical and developmental objectives.

What are the potential treatments being developed by Viking for metabolic disorders?

Viking is developing VK2809 for NASH and VK2735 for metabolic disorders such as obesity.

How does VK2735 work?

VK2735 is a dual agonist of GLP-1 and GIP receptors, targeting metabolic disorders to reduce body weight and improve insulin sensitivity.

What is VK0214 targeting?

VK0214 is being developed for the treatment of X-linked adrenoleukodystrophy (X-ALD), specifically the adrenomyeloneuropathy (AMN) form of the disease.

What significant clinical milestones has VK2809 achieved?

VK2809 has demonstrated significant reductions in liver fat and improvements in fibrosis and NASH resolution in both 12-week and 52-week studies.

How is Viking Therapeutics funded for its operations?

Viking recently raised approximately $630 million from a public offering of common stock, enhancing its financial stability and support for ongoing projects.

Where can I get more information about Viking Therapeutics?

For more information, you can visit Viking Therapeutics' official website at www.vikingtherapeutics.com.
Viking Therapeutics, Inc

Nasdaq:VKTX

VKTX Rankings

VKTX Stock Data

4.52B
106.62M
2.72%
75.84%
16.42%
Biotechnology
Pharmaceutical Preparations
United States of America
SAN DIEGO