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 whose news flow centers on the development of therapies for metabolic and endocrine disorders. Company press releases highlight progress across a pipeline that includes VK2735 for obesity and related metabolic conditions, VK2809 for lipid and liver disorders such as NASH and NAFLD, VK0214 for X-linked adrenoleukodystrophy (X-ALD), and an emerging program of dual amylin and calcitonin receptor agonists (DACRAs) for obesity and other metabolic diseases.
For VK2735, Viking regularly issues news on clinical milestones in both subcutaneous and oral tablet formulations. Recent announcements describe positive Phase 2 VENTURE trial results in obesity, with statistically significant weight loss and encouraging safety and tolerability, as well as Phase 2 VENTURE-Oral Dosing data showing meaningful weight reduction after 13 weeks of once-daily oral therapy. Additional releases cover the initiation and progress of the Phase 3 VANQUISH-1 and VANQUISH-2 trials, which evaluate weekly subcutaneous VK2735 in adults with obesity or overweight, including those with type 2 diabetes, over 78 weeks.
News items also detail exploratory maintenance dosing studies of VK2735 that examine monthly subcutaneous, weekly oral, and daily oral regimens following initial weight loss. Beyond obesity, Viking’s updates discuss VK2809’s Phase 2b success in biopsy-confirmed NASH and fibrosis, as well as Phase 2a results in NAFLD with elevated LDL-C, and VK0214’s Phase 1b data in X-ALD showing reductions in very long-chain fatty acids. Investors following VKTX news can expect coverage of clinical data presentations at scientific meetings, participation in healthcare and investor conferences, and SEC-reported corporate updates on financial results and pipeline status.
Viking Therapeutics (NASDAQ: VKTX) reported Q2 2024 financial results and provided corporate updates.
Key points include:
- VK2735: Advancing to Phase 3 for obesity after successful Phase 2 outcomes; Phase 2 oral study to begin in Q4 2024.
- VK2809: Positive biopsy results in NASH/MASH; End-of-Phase 2 meeting planned for Q4 2024.
- VK0214: Phase 1b study completed enrollment for X-ALD; data expected in H2 2024.
- Financials: Net loss of $22.3M ($0.20 per share) in Q2 2024 versus $19.2M ($0.19 per share) in Q2 2023. Cash and equivalents at $942M as of June 30, 2024.
Viking will host a conference call at 4:30 p.m. ET today to discuss these results.
Viking Therapeutics (NASDAQ: VKTX), a clinical-stage biopharmaceutical company focusing on novel therapies for metabolic and endocrine disorders, has announced its plans to release financial results for the second quarter of 2024 after market close on July 24, 2024. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the financial results and provide general corporate updates.
Interested parties can participate in the conference call by dialing (844) 850-0543 from the U.S. or (412) 317-5199 from outside the U.S. A telephone replay will be available until July 31, 2024. The call can also be accessed via webcast on Viking's website, with an archive available for 30 days.
Viking Therapeutics (NASDAQ: VKTX) presented preclinical data on its novel dual amylin and calcitonin receptor agonists (DACRAs) at the 84th Scientific Sessions of the American Diabetes Association. The studies showcased significant reductions in body weight and food intake in healthy rats and diet-induced obese (DIO) mice, with improvements in key metabolic markers such as blood glucose levels.
Viking's DACRAs achieved up to 8% body weight reduction in lean rats 72 hours post a single dose, and up to 10% weight loss in DIO mice over 24 days. Additionally, a 24% reduction in blood glucose was observed in DIO mice after 24 days. The compounds demonstrated EC50 values ranging from low nM to micromolar on the human amylin 3 and calcitonin receptors. These results support the continued development of Viking's dual agonist program targeting obesity and metabolic diseases.
Viking Therapeutics has announced positive 52-week histologic data from its Phase 2b VOYAGE study of VK2809 in patients with biopsy-confirmed NASH. VK2809 demonstrated significant efficacy across key endpoints: up to 75% of treated patients achieved NASH resolution with no worsening of fibrosis, and up to 57% showed a ≥1-stage improvement in fibrosis without worsening of NASH. The safety profile was consistent with earlier results, with most adverse events being mild or moderate. The results also showed substantial reductions in liver fat content and plasma lipids, indicating potential cardio-protective benefits.
Viking Therapeutics (NASDAQ: VKTX), a clinical-stage biopharmaceutical company developing therapies for metabolic and endocrine disorders, announced participation in two upcoming investor conferences.
At the 2024 Jefferies Global Healthcare Conference, Viking will deliver a corporate presentation and engage in 1-on-1 meetings on June 5-6, 2024, at the Marriott Marquis, New York. The presentation is scheduled for June 6, 2024, from 10:30 to 10:55 a.m. Eastern.
Viking will also participate in 1-on-1 meetings at the Stifel 2nd European Healthcare Summit from June 25-27, 2024, at the InterContinental Lyon Hotel Dieu, Lyon, France.
A live webcast of the Jefferies presentation will be available on Viking’s website, with a replay accessible following the conference.
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