Biotech Values

[Mufaso]

VKTX - Made up X rumors have followed this stock for some time. I sincerely doubt that what the tweet link purported to be true regarding a

"comment made at dinner"

had any basis in fact. Did the 50K+ followers of @Biohazard3737 (aka "Sheep of Wall Street") believe it or merely think they could daytrade on it to make a profit and that had something to do with the stock movement? Maybe, but I think the tweet was made up BS.

I don't believe $NVS or $MRK are not interested in an injectable GLP-1. Even if their management alluded to that a some point, I wouldn't believe it because every competent large pharma CEO is interested in the Obesity market.

As for other rumors that pop up on VKTX - my favorite was again from X. "Betatville" said that LLY was going to buy Viking. No way the FTC (Or European authorities) would allow that due to monopolistic concerns. That one came up multiple times and is just not going to happen. For that matter, NVO would not be allowed to buy Viking either IMO.

Viking remains a very volatile and risky highly shorted stock. In 2023 it went from around 9 at the beginning of the year to around 25 at mid year and then back down to 9 in Nov 23 before it started it's current run where it got to 99 before settling at it's current price. While there were outside events of a competitive drug nature (sometimes dubious veracity with respect to disclosure on AE's) there was no case where Viking ever had any bad news on their NME's. In fact, they have only had good news. I view the current share price as a buying opportunity.