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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.
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.
For my little friend who hates VKTX but knows nothing about clinical trials or science.
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
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
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 $$ record straight!
VKTX 2Q24 CC notes by ‘Mufaso’:
#msg-174812392
Where is the capital for the $300 million for Phase 3 clinical trials?
Why hasn't the company posted any of the results from from past studies.
"Results Overview
No Study Results Posted on ClinicalTrials.gov for this Study"
IG
I bet this fine company will be bought out in the next 12months. 👍💰👍💰
$vltx $67's apparently the market likes the news
Viking Therapeutics: Better-Than-Expected Trial Timelines While Pipeline Expands
https://seekingalpha.com/article/4706587-viking-therapeutics-better-than-expected-trial-timelines-while-pipeline-expands?mailingid=36182871&messageid=2800&serial=36182871.2121&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=36182871.2121
Viking sends Lilly, Novo lower as obesity drug enters late-stage program
$vktx 56 break!
$VKTX up 10%+ in AH on a surprise move to Phase 3 trials.
— Commodities MacGruber (@GoForGrubes2) July 24, 2024
Maybe the best weight loss drug on the planet...and it's Oral vs. Injections for the big winners so far.
Reminder - they did a huge raise at $85 and the stock is currently at $55.
Expecting EPIC call buying tomorrow. https://t.co/LpQIgcoldk
In since $3.50 sold initial investment at 87.00 riding the houses $
$VKTX
I bet an ELI or NOVO buyout is soon.
Viking Therapeutics Announces Results from Phase 1 Clinical Trial of Oral Tablet Formulation of Dual GLP-1/GIP Receptor Agonist VK2735
What a crazy couple of weeks……
Time to jump back in from these levels ??
I think so.
$$ VKTX $$
$vktx
$VKTX Truist PT 120
— Pharmdca (@Pharmdca) March 8, 2024
Raymond James PT 115
Irrational selloff
Recall $MDGL irrational selloff I was beating the drum when shares dropped to $168 or so after early data $LLY reported data for MASH
In just few weeks $MDGL actually went higher from selloff pivot point
A $100+…
Another marvelous day, fellow Vikings.
Let’s get over $100 already, lol.
$$ 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.
Why does VKTX need a proprietary delivery system?
Are you aware of LEXX? Said to have a delivery system for molecules like VKTX has that will turn both into a blockbuster.
I understand that VKTX has no facilities with reactors capable of making its pipeline of molecules. CDMO has an expanded capacity plant up the coast from San Diego in Tustin, and a wholly new plant further up the coast near John Wayne airport. GILD has plants in Forest City, and JNJ has plants in South San Francisco. What do you hear on the topic?
Buying opportunity, imho……
$80 call options look really good to me at this time, imho.
Go Viking!
VKTX sells—(upsized)—7.44M* shares@ $85.00—essentially_no_discount_to_Tuesday’s_closing_price:
https://www.prnewswire.com/news-releases/viking-therapeutics-announces-pricing-of-550-million-public-offering-of-common-stock-302074989.html
Net proceeds will be ~$595M* after underwriting fees.
*Assuming exercising of underwriter’s option.
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