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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.
For more information, please visit Viking Therapeutics' website.
Viking Therapeutics (NASDAQ: VKTX) reported its Q1 2023 financial results on April 26, 2023, highlighting significant developments in its clinical pipeline. The company completed enrollment in the Phase 2b VOYAGE study of VK2809 for NASH and fibrosis, with data expected in Q2 2023. Viking also announced Phase 1 results for VK2735, showcasing up to 6% placebo-adjusted weight loss and a strong safety profile. The initiation of a Phase 1 trial for an oral formulation of VK2735 was also noted. Financially, Viking completed a public offering raising $287.5 million, enhancing its cash position to approximately $406 million. However, the net loss for the quarter increased to $19.5 million, or $0.25 per share, compared to a loss of $16.1 million, or $0.21 per share in 2022.
Viking Therapeutics (NASDAQ: VKTX), a clinical-stage biopharmaceutical company, will release its financial results for the first quarter of 2023 on
On April 11, 2023, Viking Therapeutics (NASDAQ: VKTX) announced that its CEO, Brian Lian, Ph.D., will present at the 22nd Annual Needham Healthcare Conference. The conference is scheduled for April 17-20, 2023, with Viking's presentation set for 10:15 a.m. Eastern on April 18, 2023. This virtual event will feature corporate presentations and one-on-one meetings between management and investors.
Viking Therapeutics specializes in developing novel therapies for metabolic and endocrine disorders, with three compounds under clinical trials. Notable projects include VK2809, targeting non-alcoholic steatohepatitis (NASH) and VK2735, aimed at metabolic disorders. The company’s expertise in metabolism drives its innovative therapeutic approach.
Viking Therapeutics (Nasdaq: VKTX) announced the closing of a public offering of 19,828,300 shares of common stock at $14.50 per share, generating gross proceeds of approximately $287.5 million. The underwriters exercised their option to purchase an additional 2,586,300 shares. Proceeds will fund the continued development of VK2809, VK2735, and VK0214 programs, alongside general research and development. The offering was conducted under an effective shelf registration statement filed with the SEC. Notably, Viking's clinical programs target metabolic and endocrine disorders, with promising developments in treatments for NASH and X-ALD.
Viking Therapeutics, Inc. (NASDAQ: VKTX) has priced its public offering of 17,242,000 shares at $14.50 per share, aiming for gross proceeds of approximately $250 million. The offering is set to close on or about April 3, 2023. Underwriters have a 30-day option to purchase an additional 2,586,300 shares. Funds will support ongoing development of VK2809, VK2735, VK0214, and general research and development. The public offering is conducted under an effective shelf registration statement filed with the SEC. Viking focuses on innovative therapies for metabolic and endocrine disorders, with compounds in active clinical trials.
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