Viking to move weight loss injection to late-stage trial

26 July 2024

Shares of USA-based Viking Therapeutics (Nasdaq: VKTX) closed up 28% yesterday and rose a further 6.4% to $68.80 pre-market today, as the company plans to advance its experimental weight loss injection into a late-stage trial earlier than expected.

Viking is one of several small obesity drugmakers hoping to enter the budding weight loss drug industry, which analysts say could grow into a $100 billion market by the end of the decade.

Along with its financial results yesterday, Viking provided an update on its clinical pipeline and other corporate developments.

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