Viking Therapeutics Inc (VKTX) Options

Still Cheap I started buying in the 7.00's always early. I see the angles before they are played!

https://vikingtherapeutics.com/

https://vikingtherapeutics.com/pipeline/overview/

CEO Brian Lian The next Robert Duggan.

$VKTX

I dont know a lot about this diabetes/GLP1 space but i bet someone is going to snatch it up for a nice premium at one point.

VKTX 10 day hourly

Snag This Biotech Stock Before November, Here's Why
Anushka Mukherji - Barchart - Sat Sep 21, 11:15AM CDT
Healthcare - pills in a petri dish and syringe by LightStock via iStock
Healthcare - pills in a petri dish and syringe by LightStock via iStock
The weight-loss drug market has exploded over the past year, fueled by blockbuster GLP-1 breakthroughs from pharma giants. With projections calling for the global weight-loss drug market to expand at an astonishing 43.7% compound annual growth rate (CAGR) from 2024 to 2032, the niche is transforming into one of the most high-stakes and lucrative arenas in healthcare.

As the appetite for the next game-changing weight-loss solutions skyrockets, pharmaceutical companies are locked in fierce competition to deliver breakthrough treatments. Amidst this high-stakes race, Viking Therapeutics, Inc. (VKTX) has emerged as a rising contender, ready to challenge the dominance of industry heavyweights like Eli Lilly (LLY) and Novo Nordisk (NVO) in this rapidly expanding market.

As retail investors flock to Viking Therapeutics, the biotech firm is also catching the eye of billionaire fund managers like Jeff Yass and Israel Englander. During Q2, Yass ramped up his fund’s stake in VKTX stock by 1.1 million shares, while Englander’s fund snapped up 326,000 shares.

With the excitement around VKTX stock growing, analysts at JPMorgan recently advised investors to scoop up the stock before a November catalyst event, anticipating even greater gains ahead.

About Viking Therapeutics Stock

Founded in 2012, San Diego-based Viking Therapeutics, Inc. (VKTX) is a cutting-edge clinical-stage biopharma company that is advancing a range of innovative therapies targeting metabolic and endocrine disorders.

Leading the charge is VK2735, a dual GLP-1/GIP agonist for obesity, which has demonstrated strong safety and clinical benefits in early trials, with both injectable and oral formulations under development. The company also recently completed Phase 2 trials on VK2809, an oral drug for treating non-alcoholic steatohepatitis (NASH) and fibrosis.

With a focus on game-changing therapies and a strong pipeline, Viking is positioning itself as a key player in the biotech world. Valued at a market cap of around $7.6 billion, this innovative biotech firm has exploded higher in 2024, largely thanks to optimism over the possibilities for its oral weight-loss formulation.

Shares of Viking have delivered stunning returns of roughly 421.9% over the past year and 278.3% on a YTD basis, even as the shares trade down about 31.4% from their year to date highs, set in February.


www.barchart.com
A Dig Into Viking’s Q2 Financials

Viking Therapeutics sparked excitement with its Q2 update, which sent its shares soaring over 28% on July 25. The pre-revenue company reported a narrower-than-forecast loss of $0.20 per share, which rose slightly from the year ago period on higher research and development expenses.

During the quarter, R&D expenses hit $23.8 million, up from $13.9 million during the same period last year. The company wrapped up the quarter with a strong balance sheet, with $942 million in cash, cash equivalents, and short-term investments, up from just $362 million as of Dec. 31, 2023.

This cash cushion should support Viking’s cash burn for long enough to achieve critical milestones across its diverse pipeline. With this solid foundation, Viking appears well-positioned for exciting growth as it continues to drive innovation and transform the future of metabolic health.

Viking’s Advancements In Weight Loss Drug Arena

In Q1, Viking achieved remarkable milestones with its weight-loss drug candidate VK2735, positioning itself to challenge the dominance of industry titans like Novo Nordisk and Eli Lilly in the obesity market. While Lilly and Novo offer injectable GLP-1 treatments, enthusiasm around Viking’s offering centers around its oral formulation, which is expected to receive a warmer reception from patients.

In the Phase 2 VENTURE study released in February, VK2735 demonstrated impressive results, with patients losing up to 15% of their body mass in just 13 weeks, well ahead of the year-long timelines seen with current therapies.

This remarkable finding established Viking's obesity option as a serious contender against blockbuster obesity medications like Novo’s Wegovy and Lilly’s Zepbound, signaling a potential shift in the competitive landscape. Following the impressive results from its Phase 2 trials, analysts anticipated a Phase 2b trial for VK2735.

However, in its Q2 earnings release, management announced a game-changing decision. After talks with FDA officials, management revealed that VK2735 would skip straight to Phase 3 and is preparing for an end-of-Phase 2 meeting by the conclusion of this year. This groundbreaking announcement ignited massive attention from investors in the aftermath of the Q2 earnings release.

Adding to the momentum, management also revealed that the Phase 1 trial of the oral tablet formulation of VK2735 showed encouraging safety and clinical activity, with participants losing an average of 5.3% of their weight in just 28 days of daily dosing. Plus, the Phase 2 trial for this formulation is expected to be launched in the final quarter of this year.

What Do Analysts Expect For Viking Stock?

Shares of Viking rallied 11.3% on Sep. 11 after JPMorgan launched coverage with an “Overweight” rating on VKTX stock. With an upcoming early-stage trial readout for the company’s oral obesity therapy VK2735 set for early November at Obesity Week in San Antonio, analyst Hardik Parikh placed Viking under a positive catalyst watch.

“We recommend being long into the upcoming readout for oral-2735, which we think should lead to substantial up move for shares,” wrote Parikh, who thinks Viking can capture roughly 10% of the oral obesity drug market. He set an $80 price target for the shares.

Overall, Wall Street has a unanimous “Strong Buy” rating on the biotech stock, with all 12 analysts in coverage giving VKTX their highest recommendation.


www.barchart.com
The average analyst price target is $110.82, indicating expected upside potential of 56.7% from current levels.

SWEET!

Congrats. How many do you have at 7?

In at $7.00 Holding for $150.00

VKTX

Close that gap at $61. I think it will find strong support at $60-$61.
I will be buying back very soon.
Looking for a great last 3 months of the year for VKTX.
JMO.

VKTX range bound

Stock is on fire. Sold yesterday for a nice profit.
Should move back to $65 and possibly $70.
If it drops back to $55 then I buy back again.

I sold at $60 and just bought back at $52. Why not.
It took a beating this week.
Maybe next week will be better.
I can dream about a buyout at $120 Monday morning.
Wouldn’t that be a hoot.

VKTX taking a hit this week. I have been using the opportunity to keep adding to my position several times this week. I love bargains and adding slowly when a stock drops for zero reasons.

What a recovery today. Can it possibly close above $65?
Conference next week.
I like this stock moving to $100 by EOY.
JMO.

Support at $60? Consolidation?
Looking for another crazy run back to $70 or higher.
Possibility if $60 doesn’t hold then back to $55.
Time will tell. Watching chart closely right now.

Yea this doesn't faze me at all. Brian Lian sold his largest size of shares just BEFORE February 27th data release. If you think selling shares have anything to do with executive conviction after that transaction, you are a clown.

CEO selling tons of shares AGAIN

VKTX stock price was $14.50 a year ago. It would be shocking if insiders weren't selling some.

For my little friend who hates VKTX but knows nothing about clinical trials or science.

Final Rule (42 CFR Part 11) for the Food and Drug Administration Amendments Act of 2007 (FDAAA)
Overview
What is it? U.S. Federal regulation implementing FDAAA 801 effective in 2017
Which clinical trials must follow it? Clinical trials of FDA-regulated drug, biological, or device products other than Phase 1 trials of drug/biological products or small feasibility studies of device products
Does it require registration? Yes
Does it require results submission? Yes

As I said, results from phase I trial data is not required to be reported.

https://clinicaltrials.gov/policy/reporting-requirements#final-rule

The primary completion date for the phase 2 trial of VK2735 weekly sub-cutaneous administration was Feb 27, 2024. VKTX has a year to SUBMIT the data not publish the data.

When must clinical trial results information be submitted for applicable clinical trials subject to §?11.42?

(a)

Standard submission deadline.

In general, for applicable clinical trials subject to §?11.42, clinical trial results information specified in sections 402(j)(3)(C) and 402(j)(3)(I) of the Public Health Service Act (42 U.S.C. 282(j)(3)(C) and 42 U.S.C. 282(j)(3)(I)) or in §?11.48, as applicable, must be submitted no later than 1 year after the primary completion date of the applicable clinical trial.

https://www.federalregister.gov/documents/2016/09/21/2016-22129/clinical-trials-registration-and-results-information-submission#p-1440

CEO selling tons of shares AGAIN

By the way, the sub-cutaneous injection of VKTX2735 is given once a week, like Wegovy is. That was the phase II data released at the end of February.

The oral formulation was tested in a phase I trial as a once a month pill. Depending on the dosage used in a phase 2 trial there could be a shorter interval of a smaller dose is used. It is an appetite suppressant not a drug that stops you from eating anything.

Given the “quality” of your commentary I am not surprised you have been suckered by scams in the past.

You are clueless. Companies aren’t required to publish phase I trials and few if any do. You don’t seem to understand what a phase I trial is.

Companies don’t have to publish data for a year.

You are clueless about rules and regulations of the FDA or FDAAA.

sponsors are required to submit certain clinical trials to ClinicalTrials.gov and post results information in accordance with U.S. laws, regulations, and policies. The Food and Drug Administration Amendments Act of 2007 (FDAAA 801) requires sponsors to register certain clinical trials and submit results information to ClinicalTrials.gov.

Transparency of clinical trial information, including through ClinicalTrials.gov, is essential to scientific advancement. Making clinical trial information publicly available fulfills the commitment to volunteer research participants and also enhances public trust.

Oddly Viking posted results in a press release but not on ClinicalTrials.gov - that is a huge red flag.

Viking has never published any research in a peer reviewed journal.

I have had several Biotech scams suspended by the SEC.

A once a month GLP-1 appetite suppressant could be lethal to some. Viking is going to crash and burn.

And Phase 1 results are published - it is complete nonsense to yammer on about the small size of the dataset.

Plus, you can't read a financial statement - Viking doesn't have have $900 million in Cash on Hand.

This is another scam attempting to catch the GLP-1 trend.

IG

👍👍👍

What you don't understand is that short term investments can be impaired. It doesn't mean they have $900 million in assets. That is similar to looking at the Balance Sheet and the Goodwill is listed as $100 million as an Asset - when reading a financial statement I disregard Goodwill and Intangible Assets.

You are grasping at straws. It make me laugh.

Plus, Viking didn't publish the results on ClinicalTrials.gov for Phase 1 and Phase 2. That is a huge red flag.

Thanks for showing us you don't know anything about biotech or publishing in Scientific Journals. First, companies don't usually publish Phase I results as the data set is too small, and phase I trials are usually just about safety and dosage escalation. Second, the phase 2 data for VK2735 was released at the very end of February. It takes several months just to assemble the data and write the manuscript into publication form. Then the manuscript is submitted and reviewers have to be found who have the time and expertise to review the manuscript. Then the reviewers read the manuscript with a fine tooth comb. This can take 1-2 months or in some cases, more. The reviewers provide their comments on the manuscript on and suggestions for writing and data presentation. The manuscript is then sent back to the authors for revisions, well assuming the journal editor thinks it merits publication is. The people who submitted the manuscript make revisions based on reviewer critiques. They can also explain why they disagree with suggestions. Depending on what the reviewers say and what the editor decided, the manuscript can be accepted with the proviso that certain minor changes be made, which might take only a few weeks and not require further input from reviewers are needed. In that case, the manuscript might be published in a month or two more. Alternatively, or a major revision might be required and the manuscript re-reviewed. It isn't uncommon for it to take a year or more until publication.

There is a lack of transparency from Viking.

Nonsense. Again your inexperience in biotech is showing

I generally am skeptical of Short Term Investments.

Feel however you like.

The Viking corporate headquarters is a virtual office - another huge red flag.

Not sure what you are talking about VKTX has 28 full time employees.

...short term investments can be impaired. The “short-term investments” line on a corporate balance sheet usually consists of T-bills or shares of money-market funds. There’s not much chance of these assets being impaired.

Just googled the corporate office location, nice modern building. Parking lot full, obviously alot of tenants. Will try to find research facility.

Besides doing much dd, motley fool did a peice on Viking today. Very good potential pipeline and no need to issue more shares or take out loans.

What you don't understand is that short term investments can be impaired. It doesn't mean they have $900 million in assets. That is similar to looking at the Balance Sheet and the Goodwill is listed as $100 million as an Asset - when reading a financial statement I disregard Goodwill and Intangible Assets.

Plus, Viking didn't publish the results on ClinicalTrials.gov for Phase 1 and Phase 2. That is a huge red flag.

There is a lack of transparency from Viking.

I generally am skeptical of Short Term Investments.

The Viking corporate headquarters is a virtual office - another huge red flag.

IG

You are using - Short-term investments – available-for-sale - that doesn't mean Viking has $900 million in cash on Hand.

The cash and Cash equivalents isn't close to $900.

Deflectors on maximum. They have $900 million in cash and short term investments that can be used to fund the ~$300 million needed for the phase 3 trials. Do you understand what short term investments means? By the way, VKTX won't be spending $300 million on day 1. It will be spread out over 1-2 years. Given the long time frames, that is essentially the same as having cash.

I looked over you posting history. You are an uninformed short whose comments over a wide range of stocks are meaningless. This is just the latest example.

Here is the link for when VKTX raised over $600 million in cash in March of 2024.

https://ir.vikingtherapeutics.com/2024-03-04-Viking-Therapeutics-Announces-Closing-of-Public-Offering-of-Common-Stock-Including-Full-Exercise-of-Underwriters-Option-to-Purchase-Additional-Shares

I don't believe you know how to read a financial statement.

You are using - Short-term investments – available-for-sale - that doesn't mean Viking has $900 million in cash on Hand.

The cash and Cash equivalents isn't close to $900.

You might want to look at all of the S-8 which is to register stock to be given to employees as part of a benefit plan. This is dilutive to retail investors.

We already know the insiders are dumping stock.

"Brian Lian - President & CEO of Viking Therapeutics Inc, executed a sale of 35,000 shares in the company on January 30, 2024, according to a recent SEC Filing.

Over the past year, the insider has sold a cumulative total of 349,336 shares of Viking Therapeutics Inc and has not made any purchases of the stock. The company's insider transaction history indicates a pattern of sales with 15 insider sells and no insider buys over the same timeframe.

The transaction was carried out at an average price of $23.95 per share, which resulted in a total value of $837,250. Following this transaction, the insider's stake in Viking Therapeutics Inc has been adjusted as per the latest filings."

IG

Some folks DD is lazy, thanks for setting this $$ record straight!

Where is the capital for the $300 million for Phase 3 clinical trials?

What?? If you have done even the barest minimum of research on VKTX you would know they have over $900 million in cash on hand.

VKTX 2Q24 CC notes by ‘Mufaso’:

#msg-174812392

Where is the capital for the $300 million for Phase 3 clinical trials?

Why hasn't the company posted any of the results from from past studies.

"Results Overview
No Study Results Posted on ClinicalTrials.gov for this Study"

IG

I bet this fine company will be bought out in the next 12months. 👍💰👍💰

$vltx $67's apparently the market likes the news

Viking Therapeutics: Better-Than-Expected Trial Timelines While Pipeline Expands
https://seekingalpha.com/article/4706587-viking-therapeutics-better-than-expected-trial-timelines-while-pipeline-expands?mailingid=36182871&messageid=2800&serial=36182871.2121&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=36182871.2121

TY However, the design of the VK2735 phase-3 trials will not be finalized until after the end-of-phase-2 meeting with the FDA in 2H24, which more than likely means 4Q24.

Viking sends Lilly, Novo lower as obesity drug enters late-stage program

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174804489

$VKTX 62 nhod

$vktx 56 break! $VKTX up 10%+ in AH on a surprise move to Phase 3 trials.

Maybe the best weight loss drug on the planet...and it's Oral vs. Injections for the big winners so far.

Reminder - they did a huge raise at $85 and the stock is currently at $55.

Expecting EPIC call buying tomorrow. https://t.co/LpQIgcoldk— Commodities MacGruber (@GoForGrubes2) July 24, 2024

In since $3.50 sold initial investment at 87.00 riding the houses $

$VKTX

VKTX 10Q due 4/24
Next day settlement begins 5/28

I bet an ELI or NOVO buyout is soon.

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?orderBy=percentChange&orderDir=desc

Viking Therapeutics Announces Results from Phase 1 Clinical Trial of Oral Tablet Formulation of Dual GLP-1/GIP Receptor Agonist VK2735

What a crazy couple of weeks……

Time to jump back in from these levels ??

I think so.

$$ VKTX $$

$VKTX $70'S FROM 79

$vktx $VKTX Truist PT 120

Raymond James PT 115

Irrational selloff

Recall $MDGL irrational selloff I was beating the drum when shares dropped to $168 or so after early data $LLY reported data for MASH

In just few weeks $MDGL actually went higher from selloff pivot point

A $100+…— Pharmdca (@Pharmdca) March 8, 2024

Another marvelous day, fellow Vikings.

Let’s get over $100 already, lol.

$$ VKTX $$

It doesn’t have to own a plant, but it does need a plant that will make its pipeline of molecules better than the Indiana plant of CTLT (NOVO NORDISK) that just got slapped with a warning letter from FDA. I suggested CDMO whose reactor plants have always been FDA approved for good manufacturing methods. Avid Bioservices (CDMO) has supplied raw material to HALO for years to make its Enhanze delivery system for molecules e.g., JNJ’s Darzalex.