Viking Therapeutics Inc (VKTX)

[roadkilll]

Good news for Madrigal is good news for Viking
From Nasdaq site today
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Madrigal Pharmaceuticals Inc (Symbol: MDGL), where a total of 1,049 contracts have traded so far, representing approximately 104,900 underlying shares. That amounts to about 95.9% of MDGL's average daily trading volume over the past month of 109,345 shares. Especially high volume was seen for the $100 strike call option expiring September 17, 2021, with 494 contracts trading so far today, representing approximately 49,400 underlying shares of MDGL.

The open label trial got FDA approval to switch placebo arm to active drug, extend patients another 52 weeks and enlarge trial. Not hard to guess what Wall Street is seeing.

orally administered, small-molecule, liver-directed, thyroid hormone receptor (THR) ß-selective agonist