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Viking Therapeutics upgraded to strong buy from outperform at Raymond James
That would be great...........VKTX.
'peace'
VKTX & MDGL is still in trial phase testing. Any approval from the FDA will come after 3rd phase trail testing, research and data submission for approval.
The FDA Drug Approval Process
http://diabetespac.org/fda-drug-approval-process/
...Any ones guess 1-3 years possibly.
We will see.
GO VKTX
When vk2809 Biopsy data comes in it will be much better than MGL3196.
"Madrigal's results come from former NAFLD patients that progressed to NASH, which basically means their livers were already inflamed and sustaining damage."
VKTX
hi when would we see approval for MDGL or VKTX from fda
thanks Peter.
Better NASH Stock: Madrigal Pharmaceuticals, Inc. vs. Viking Therapeutics, Inc.
https://finance.yahoo.com/news/better-nash-stock-madrigal-pharmaceuticals-133100327.html
GO VKTX
"PEACE"
MDGL also down huge. I just added to my first buy at 10.55 here this is crazy no?
Looks like the NASH stocks are all down presently.
Thank you...curious and agree. I am fairly new to VKTX but not the sector in general was looking for a good entry and finally got it.
Not enough funds to do so...........They did loan them money through a convertible note and got shares at around $1.50 back when, some of which they sold recently for an average price of $19.10.
So no..........
Viking is looking and hoping for bigger players.
GO VKTX
"PEACE"
Is Ligand going to buy out VKTX at some point? Over 10% ownership below.
https://ih.advfn.com/p.php?pid=nmona&article=78681222&symbol=VKTX
Viking Therapeutics Shows How Quickly This Market Can Turn
If you are trying to pick stocks for the longer term it can be quite challenging right now.
The indices are now at intraday highs, breadth has moved to 4-3 positive and there is some bounce action. Still, there are over 200 stocks hitting new 12-month lows while only 30 are at highs, which illustrates how ill this market has been.
A good example of how trading shifts in a market that lately has been under pressure is Viking Therapeutics (VKTX) .
Viking had some good data for its drug that treats fatty liver disease but the gap-up open was immediately sold. This was primarily a function of recent buyers, flipping and locking in a quick gain. Their time frames are short and they really don't care about the longer term prospects of the company at this point. You take profits when you have them and don't worry about missing out on longer-term upside.
There are many other examples such as Viking in this market. It is good for trading but if you are trying to pick stocks for the longer term it is quite challenging as stocks are driven more by individual market conditions and less on their individual merits.
https://realmoney.thestreet.com/investing/viking-therapeutics-shows-how-quickly-this-market-can-turn-14779712?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
GO VKTX
"PEACE"
Today’s Research Reports on Stocks to Watch: Viking Therapeutics and EyeGate Pharmaceuticals
[ACCESSWIRE]
ACCESSWIRE•November 14, 2018
NEW YORK, NY / ACCESSWIRE / November 14, 2018 / Shares of EyeGate exploded on Tuesday on tremendous volume after reporting third quarter financial results. Shares of Viking Therapeutics were little changed after the company presented data from a Phase 2 trial of VK2809 on Monday.
RDI Initiates Coverage on:
Viking Therapeutics, Inc.
https://www.rdinvesting.com/report/?ticker=VKTX
EyeGate Pharmaceuticals, Inc.
https://www.rdinvesting.com/report/?ticker=EYEG
Viking Therapeutics, Inc. shares closed down a modest 1.71% on Tuesday with nearly 13 million shares traded but saw some of those losses returned in after-hours trading. Earlier this week the company presented results from the Phase 2 trial of VK2809, the company’s thyroid hormone receptor beta (TRß) agonist, in patients with hypercholesterolemia and nonalcoholic fatty liver disease (NAFLD) at the 2018 meeting of the American Association for the Study of Liver Diseases (AASLD). "We are very pleased with the safety and efficacy results demonstrated in this trial, which provide us with confidence in VK2809's potential benefit in patients with NAFLD and NASH," stated Brian Lian, Ph.D., CEO of Viking. He added, "The reductions in liver fat, LDL-C, triglycerides and atherogenic proteins suggest a highly differentiated therapeutic profile, which may lead to improved long-term benefits in NASH patients. In addition, the liver safety data from Weeks 12 and 16 suggest improvement in liver health extending beyond the study end, which bodes well for longer-term trials. Based on these exciting results, we are aggressively moving forward with further clinical studies of VK2809 in NASH, which we expect to initiate in 2019."
https://finance.yahoo.com/news/today-research-reports-stocks-watch-115000990.html
GO VKTX
"PEACE"
In VKTX here at 11.56
Don't understand the selloff but looks like the sector is down today.
Thanks for your posts here.
Why Viking Therapeutics Stock Is Bolting Higher Today
[Motley Fool]
George Budwell, The Motley Fool
,Motley Fool•November 13, 2018
What happened
Shares of the clinical-stage biotech Viking Therapeutics (NASDAQ: VKTX) rose by as much as 15% in pre-market trading today. Why are investors bidding up this stock today?
The big news is that Viking presented updated data for its nonalcoholic steatohepatitis (NASH) drug candidate, VK2809, at the annual meeting of the American Association for the Study of Liver Diseases yesterday.
So what
While most of the results were largely a rehash of the company's prior top-line readout released last September, Viking did unveil a new "super-responder" analysis, where a whopping 67% of VK2809-treated patients exhibited ≥ 50% reduction in liver fat content at 12 weeks. The company reportedly assessed liver fat content by magnetic resonance imaging, proton density fat fraction. As an important aside, Viking also reiterated that no serious adverse events were observed among patients receiving either VK2809 or placebo in the study.
Given VK2809's outstanding safety and efficacy profile to date, Viking appears to have a real shot at grabbing a best-in-class designation for this drug. At present, Viking trails both Intercept Pharmaceuticals (NASDAQ: ICPT) and Madrigal Pharmaceuticals (NASDAQ: MDGL) in the race to bring the first drug ever to market for NASH. But that might not matter if the company can develop a treatment that is both safer and considerably more potent than either of these front runners.
Now what
Why is this latest data readout such a big deal? In short, Viking is attempting to capture a significant portion of this multibillion-dollar drug market with VK2809 -- not just develop a so-called "me-too" drug that's unable to compete on even keel with Intercept's and Madrigal's offerings. This new super-responder analysis seems to suggest that VK2809 may indeed have what it takes to overcome Intercept's and Madrigal's first-mover advantage. If so, Viking's shares will turn out to be a downright bargain at these levels.
https://finance.yahoo.com/news/why-viking-therapeutics-stock-bolting-130000001.html
GO VKTX
"PEACE"
.....Yet, look where VKTX share price is compared to MDGL's. The difference in the Authorized, Outstanding and Floating shares doesn't totally explain the disparaging results.
Way, way undervalued. Profit takers from a year ago? Having reached the long term capital gains, which lowers their tax obligation.
Or
Someone(s) selling shares for greed namely....Well you know;
Ligand Pharmaceuticals Inc (LGND) Q3 2018 Earnings Conference Call Transcript
https://finance.yahoo.com/news/ligand-pharmaceuticals-inc-lgnd-q3-173609383.html
It's way past time for Viking Therapeutics, Inc. (VKTX) to rise to the occasion.
GO VKTX
"PEACE"
VKTX P2 study had better results than MDGL. 91% of VKTX patients had 30% liver fat reduction while MDGL had only 60% patients with 30% reduction. VKTX has a better drug than MDGL
http://ir.vikingtherapeutics.com/2018-11-12-Viking-Therapeutics-Presents-Results-from-Phase-2-Study-of-VK2809-in-Patients-with-Non-Alcoholic-Fatty-Liver-Disease-NAFLD-and-Elevated-LDL-Cholesterol-in-Oral-Late-Breaker-Presentation-at-The-Liver-Meeting-R-2018
VKTX, of interest....Is the share offering / selling over?
Viking Therapeutics Reports Third Quarter 2018 Financial Results and Provides Corporate Update
At September 30, 2018, Viking held cash, cash equivalents and short-term investments totaling $304.2 million. As of October 31, 2018, Viking had 71,459,857 shares of common stock outstanding.
Balance sheet strengthened through $176 million equity financing. In the third quarter of 2018, Viking raised approximately $176 million in gross proceeds through the issuance of common stock. These proceeds will be used to support the company's ongoing development programs, partnering efforts and other corporate activities.
During the third quarter, Viking received written correspondence from the FDA, in response to the company's Type C meeting questions related to potential registration endpoints that might be utilized to evaluate VK5211 in the hip fracture setting. The company is currently exploring partnering opportunities that will allow us to optimize the value of VK5211 and move the program forward in the most efficient manner possible.
https://finance.yahoo.com/news/viking-therapeutics-reports-third-quarter-210500048.html
Waiting for the 10q
GO VKTX
"PEACE"
Why Viking Therapeutics Stock Sank in October
What happened
Shares of metabolic drug specialist Viking Therapeutics (NASDAQ: VKTX) lost 16.1% of their value during October, according to data from S&P Global Market Intelligence. What spooked investors last month?
The good news is that this marked decline wasn't the result of a material event. Rather, the biotech's shares simply moved lower in sympathy with the broader industry last month. The iShares Nasdaq Biotechnology Index, for instance, also dropped by double-digits in October due to the uncertainty stemming from President Trump's ongoing trade war with China.
So what
Viking's inability to defy the industry's downward trend is somewhat of a surprise. The company released strong phase 2 data for its nonalcoholic steatohepatitis (NASH) drug candidate, VK2809, only a few weeks ago. The biotech also sports another high-value drug candidate, VK5211, that's close to entering a pivotal-stage trial as a treatment for complications associated with hip fracture recovery. In short, this hefty sell-off probably wasn't warranted based on the outstanding progress of Viking's clinical pipeline to date.
Now what
Viking is set to release its third-quarter earnings report after the market closes today. During the accompanying conference call, the biotech should provide key updates for both VK2809 and VK5211. The current expectation for VK2809 is another midstage trial, where the drug will be evaluated on a NASH approvable endpoint. But the company could choose to roll the dice and advance VK2809 straight into a larger, albeit far more costly, pivotal trial. In regards to VK5211, Viking should provide some much-needed clarity on the drug's future after a fairly lengthy pause in its development.
https://finance.yahoo.com/news/why-viking-therapeutics-stock-sank-141517524.html
GO VKTX
Someone(s) keep selling the share price down?...….Ligand Pharmaceuticals Incorporated greed?
GO VKTX
"PEACE"
Still green and adding on the extreme dips though...Waiting for that big bounce turn-around
http://www.vikingtherapeutics.com/
About Viking Therapeutics, Inc.
Viking Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on the development of novel, first-in-class or best-in-class therapies for metabolic and endocrine disorders. The company's research and development activities leverage its expertise in metabolism to develop innovative therapeutics designed to improve patients' lives. The company's clinical programs include VK2809, a small molecule thyroid beta agonist. In a Phase 2 trial for the treatment of non-alcoholic fatty liver disease and elevated LDL-C, patients who received VK2809 demonstrated statistically significant reductions in LDL-C and liver fat content. VK2809 was shown to be safe and well-tolerated in the study. The company's second clinical program is VK5211, an orally available, non-steroidal selective androgen receptor modulator. In a Phase 2 trial in patients recovering from hip fracture, patients who received VK5211 experienced significant improvements in measures of lean body mass compared to patients who received placebo. The company is also developing VK0612, a first-in-class, orally available drug candidate in Phase 2 development for type 2 diabetes. Additional programs include novel and selective agonists of the thyroid beta receptor for GSD Ia and X-linked adrenoleukodystrophy, as well as two earlier-stage programs targeting metabolic diseases and anemia. Viking holds exclusive worldwide rights to a portfolio of five therapeutic programs in clinical trials or preclinical studies, including those noted above, which are based on small molecules licensed from Ligand Pharmaceuticals Incorporated.
'peace'
...Among others as well. If, they can get it for that price, it would be a bargain......VKTX as got to stop undervaluing themselves and their product(s), even as it is still in development stages.(Look at MDGL)
Higher offer price, equal less shares to market towards dilution.
Really.
GO VKTX
I think Gilead Sci. wants to Buyout VKTX to stay competing in NASH market, 43.00 is a fair amount if you agree with Raymond James analyst.
https://finance.yahoo.com/news/where-gilead-sciences-inc-5-110000545.html
Exercise price $1.50. 5 year options. Believe they expire in 2021.
An outstanding bargain
George Budwell (Viking Therapeutics): Like most biotechs, shares of metabolic disease specialist Viking Therapeutics have been getting absolutely crushed this month. After reporting strong phase 2 data for its fatty liver disease drug candidate, VK2809, in September, the drugmaker's shares have lost a whopping 37% of their value from their recent highs. This rapid slide, though, should turn out to be a flat-out gift for patient investors.
Viking's dramatic turn southward, after all, isn't the result of a clinical, regulatory, or financial setback. In fact, the company now has two high-value clinical candidates -- VK2809 indicated for fatty liver disease and VK5211 as a treatment for complications associated with hip fracture recovery -- ready to enter the next stage of their development. Both of these promising drugs are projected to have blockbuster sales potential.
The bad news is that Viking may take longer than originally expected to become a full-fledged commercial operation. Specifically, the company's efforts to strike a licensing deal for VK5211 have yet to materialize, and VK2809 will likely require additional clinical work before it's ready to enter a late-stage study. Neither of these developmental hiccups is the end of the world by any means, but this moody market is clearly not interested in hearing about clinical delays.
Nevertheless, the payoff for investors willing to tolerate this short-term volatility could be truly outstanding. Both of Viking's lead midstage candidates have produced stellar data throughout the course of their clinical programs. As a result, this small-cap biotech seems to have a better-than-average shot at bringing two top-selling drugs to market within the next few years. Not many clinical-stage biotechs -- especially those trading at less than $20 a share -- can make a similar claim, quite frankly.
https://finance.yahoo.com/news/3-top-stocks-under-20-201800689.html
GO VKTX
"PEACE"
Does anyone know the terms (expiry and exercise price) for the warrants- VKTXW?
TIA
Well said. FWIW, I added more today. It has partially derisked blockbuster drug with recent super data,
a second drug that can also be a blockbuster, and 2 early stage drugs all for under $1 billion EV.
this is why I keep buying on dips :)
There was a huge offering last month at 18.50 it was too big and timed poorly , it looks like a few of the buyers of the offering shorted it as well. Add to the fact that the market has been selling off , the IBB is a EFF connected to VKTX and shorts taking full advantage of that on market weakness. Now i hear Ligand pharma has been selling some of their shares and they took some profits.
This stock will recover soon , stay patient and you will be rewarded. A partnership news PR would cause a short squeeze and I'm hoping Brian drops the bomb on shorts .I'm also hoping for a Buyout from a Bigger Pharma company that could come since VKTX is trading so low and undervalued. The chart looks ready for recovery bounce off the 50mda and the Fundamentals have never been stronger than they are right now with 2 blockbuster drugs headed to Phase 3 and they are full of cash with 310 million in the bank.I'm riding this out, better days are just ahead. GLTA
I am also concerned. Lack of any real news one way or another makes me wonder who's dumping the stock...Why?... What do they know that we don't?
I think we may even see 10 if this company does not update us
So yeah, its up 1000% for the year, but now loses 40% and scares away any Q4 investors..
Thats what is happening
Its been down 90% of the last two weeks. Is this unusual? Its the worst performing stock in my new batch of stocks bought over the last two weeks. Every day it gets a haircut. Can someone enlighten me to any patterns of PR, reaching to investors, etc?
I can read a chart. I am just wondering if the shareholders are noticed. I would assume management would be concerned with the constant downturn.No I am not a basher
I am just really frustrated.
LOL Touche. That is true. My irritation is in the recent timing. Yes, they have done remarkably, but as soon as I buy some, its a chase down 9 of the last 11 days, as you know.
Long term, future is bright. Short term, I should have waited and bough here lol
NASH Opportunity Driving Growth for Viking Therapeutics in 2018
NASH Opportunity Driving Growth for Viking Therapeutics in 2018
By Margaret PatrickOct 19, 2018 | 9:55 PM
Positive news and target price revisions
On September 18, Viking Therapeutics (VKTX) announced its positive top-line results from its Phase 2 study evaluating its investigational therapy, VK2809. This study evaluated reduced LDL-C levels and reduced fat content in patients who have nonalcoholic fatty liver disease (or NAFLD) and high LDL-C levels.
After this announcement, H.C. Wainwright issued a “buy” recommendation for the company and increased the 12-month target price from $15.00 to $28.00. Maxim Group also issued a “buy” recommendation and increased its target price for Viking Therapeutics from $14.00 to $28.00. Raymond James issued an “outperform” recommendation and increased its 12-month target price for Viking Therapeutics from $15.00 to $43.00 on September 18........
https://marketrealist.com/2018/10/nash-opportunity-driving-growth-for-viking-therapeutics-in-2018?utm_source=yahoo&utm_medium=feed&yptr=yahoo
GO VKTX
"PEACE"
Viking Therapeutics: A Valuation
https://seekingalpha.com/article/4212740-viking-therapeutics-valuation
Lol...well said.
You are right - from this time last year we are only up 1,000% - what a bunch of incompetent losers.
Management are losers with this company. Every day it goes down. So I am about to write an article on them, explaining how tone deaf they are to their investors.
3 Top Small-Cap Stocks to Buy in October
3. Viking Therapeutics
Viking Therapeutics is another small-cap clinical-stage biotech with great prospects. Viking's pipeline includes two candidates that could become blockbuster drugs down the road.
VK2809 has received most of the attention lately. Viking announced positive results in September from a phase 2 study of the drug in treating nonalcoholic fatty liver disease (NAFLD) and high low-density lipoprotein (LDL) cholesterol. The biggest news from the study was VK2809's impressive performance in reducing liver fat. This bodes well for the drug's chances in treating nonalcoholic steatohepatitis (NASH), a severe form of NAFLD that currently has no approved treatments.
Viking also reported additional data earlier this month from a phase 2 study of another top pipeline candidate, VK5211. The additional data showed that three different doses of VK5211 achieved statistically significant increases in lean body mass (less the mass of patients' heads) in patients recovering from hip fracture.
With a market cap of just north of $1 billion, Viking Therapeutics could be set to move much higher if either of its drugs proves to be successful in late-stage testing. The biotech could also be an attractive acquisition target for larger companies looking to bolster their NASH pipelines.
https://finance.yahoo.com/news/3-top-small-cap-stocks-103200985.html
GO VKTX
"PEACE"
Here's Why Viking Therapeutics Skyrocketed 33% in September
What happened
Shares of Viking Therapeutics (NASDAQ: VKTX) rose 33.3% in September, according to data from S&P Global Market Intelligence, after the biotech released positive phase 2 data for its nonalcoholic steatohepatitis (NASH) drug VK2809.
So what
The results were quite impressive, with the drug reducing cholesterol levels by 20% or more compared to patients treated with placebo. Fat reduction in the liver went down by 56.5% to almost 60% depending on the dosage, compared to just an 8.9% reduction for placebo. At the best dose, more than 90% of patients had at least a 30% reduction in liver fat, compared to 18.2% of placebo-treated patients.
The data points are substantially better than Madrigal Pharmaceuticals' (NASDAQ: MDGL) MGL-3196 scored earlier this year, with its 36.3% liver fat reduction and 60.3% of patients achieving a 30% reduction in liver fat. While it can be dangerous to compare drugs across clinical trials, since the companies don't necessarily enroll the same types of patients, the placebo groups in the two trials performed remarkably similarly, with 18.4% and 18.2% of patients taking placebo in Madrigal's and Viking's studies, respectively, having at least a 30% reduction in liver fat.
Now what
Viking's increased valuation is well deserved considering that the size of the NASH market could be $35 billion and there aren't any drugs currently approved to treat the liver disease. But investors should keep in mind that while Viking appears to be beating Madrigal, there are at least three other companies that are already in phase 3 development.
A phase 3 study for VK2809 is likely to take awhile and be quite expensive, so Viking will probably end up finding a partner to foot the bill. The structure of that deal -- up-front payment, milestones, and royalties -- will likely determine Viking's valuation in the near term, as it can use the cash to fund the rest of its pipeline.
https://finance.yahoo.com/news/apos-why-viking-therapeutics-skyrocketed-182100012.html
GO VKTX
"PEACE"
The Gap is getting filled now....a swing back to offering price at 18.50 is coming by EOY , a Partner or Buyout is still a possible factor also Vk2809 data is coming in November.
The one thing shorts fear most is a Buyout ....if it happens shorts will wake up one morning and have to be forced to pay Full Buyout price without being able to cover low....how sweet would that be lol
There will be a 3Q conference call early November & possible update on FDA & 5211 partnering.
Are there any known news events between now and the end of the year? I don't think so. Seems likely it will trend back down to the $10 or perhaps lower if there is no significant news event in the near future.
I wont be suprised to see a short squeeze back to 20.00 in the next couple weeks..
Down in $10 range.
Where is that gap?
News fade away, investors are taking profits.
Any insights as to what's going here? I didn't expect positive data to result in continued decline....starting to get a little nervous
Why?
Despite the indicators and charts........VKTX news and prospects are awesome and should be getting better and better.
But again, why?
GO VKTX
"PEACE"
If support $15 brakes this will get ugly.
Viking Therapeutics Announces Data from In Vivo Study of VK2809 Presented at Oral Plenary Session of the 88th Annual Meeting of American Thyroid Association (ATA)
VK2809 Treatment Leads to Rapid Reduction in Steatosis, Inflammation and Liver Size in Mouse Model of Glycogen Storage Disease Type Ia (GSD Ia)
SAN DIEGO, Oct. 8, 2018 /PRNewswire/ -- Viking Therapeutics, Inc. ("Viking") (VKTX), a clinical-stage biopharmaceutical company focused on the development of novel therapies for metabolic and endocrine disorders, today announced the presentation of positive data from a study of VK2809 in an in vivo model of glycogen storage disease type Ia (GSD Ia) at the 88th Annual Meeting of the American Thyroid Association (ATA) in Washington, D.C. The results demonstrated that treatment with VK2809 led to an overall improvement in liver health highlighted by restoration of autophagy, reduction in steatosis, and improvements in inflammation and liver size. The study investigators concluded that these histological improvements are potentially relevant to non-alcoholic fatty liver disease (NAFLD), including non-alcoholic steatohepatitis (NASH), due to certain similarities between those conditions and GSD Ia.
Study results were summarized in an oral presentation titled, "Liver-selective Thyromimetic, VK2809, Reduces Hepatosteatosis in Mouse Model of the Glycogen Storage Disease GSD Ia," by professor Paul Yen, M.D., head of the Laboratory of Hormonal Regulation, Cardiovascular and Metabolic Disorders Program, Duke-NUS Medical School, Singapore. GSD Ia is a rare genetic disease that results in excess accumulation of glycogen and lipids in liver tissue. This study utilized the glucose-6-phosphatase (G6PC) knockout mouse model, which is intended to replicate the impairment of this enzyme's activity in patients with GSD Ia. G6PC knockouts develop enlarged livers due to elevated fat content.
The results demonstrated decreases in steatosis, liver mass, and triglyceride concentration in VK2809-treated cohorts compared with vehicle controls. Significant improvements in LC3B-II protein density, an important mediator of fat disposal, as well as reduced levels of p62 protein, were also observed. These data suggest that, in addition to stimulation of beta-oxidation via increased PGC1-alpha and CPT1-alpha expression, restoration of autophagy may be contributing to the reduction of fat content in this setting.
Importantly, this study also demonstrated indications of reduced inflammatory signalling following treatment with VK2809. The expression of inflammatory markers such as tumor necrosis factor alpha (TNF alpha) and interleukin 6 (IL-6) were normalized or reduced in the livers of VK2809-treated cohorts compared with vehicle controls, suggesting an overall reduction in inflammation. These data may be of interest for other indications in which inflammation plays a role in disease progression and severity.
"These results are exciting not only in the context of GSD Ia but also, as Dr. Yen highlighted, due to their relevance to settings like NAFLD and NASH. The impressive reduction in steatosis observed in this model is supported by improved expression of genes important for autophagy and fat metabolism. The normalization of inflammatory gene expression is of particular interest due to role of inflammation in the onset of hepatocyte damage, and ultimately fibrosis, in various liver diseases," said Brian Lian, Ph.D., chief executive officer of Viking. "We believe the GSD I data presented at ATA, combined with our recently reported Phase 2 results in NAFLD, provide compelling support for VK2809 as a best-in-class thyroid beta receptor agonist with significant therapeutic potential in NAFLD and NASH."
The proof-of-concept study was conducted under a sponsored research agreement between Duke University and Viking Therapeutics and designed to evaluate the effects of VK2809 in Duke University's G6PC knockout mouse model. The G6PC knockout model is intended to replicate many of the same biochemical and physiological characteristics present in GSD Ia patients.
About VK2809
VK2809 is an orally available, tissue and receptor-subtype selective agonist of the thyroid beta receptor (TRß) that possesses selectivity for liver tissue, as well as the beta receptor subtype, suggesting promising therapeutic potential in a range of lipid disorders. The compound successfully achieved primary and secondary endpoints in a Phase 2 study for the treatment of patients with elevated LDL-C and non-alcoholic fatty liver disease (NAFLD). The company is also preparing to evaluate VK2809 in a Phase 1 study for the treatment of patients with GSD Ia. VK2809 belongs to a family of novel prodrugs, which are cleaved in vivo to release potent thyromimetics. Selective activation of the TRß receptor in liver tissue is believed to favorably affect cholesterol and lipoprotein levels via multiple mechanisms, including increasing the expression genes associated with lipid metabolism and clearance.
About GSD Ia
Glycogen storage disease Ia (GSD Ia) is a rare, orphan genetic disease caused by a deficiency of glucose-6-phosphatase (G6PC), an enzyme responsible for the liver's production of free glucose from glycogen and gluconeogenesis. The disease, for which there is no approved treatment, results in an excess accumulation of glycogen and lipids in the liver, potentially leading to hepatosteatosis, liver failure, development of hepatic adenomas, and hepatocellular carcinoma. Increased triglyceride production and elevated hepatic triglyceride levels are characteristic of GSD Ia and associated with many manifestations of the disease. GSD Ia is estimated to occur in approximately 1 in every 50,000 – 100,000 births in the United States. As manifestations of the disease begin to present themselves at birth, a sizeable portion of GSD Ia patients are children.
About Viking Therapeutics, Inc.
Viking Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on the development of novel, first-in-class or best-in-class therapies for metabolic and endocrine disorders. The company's research and development activities leverage its expertise in metabolism to develop innovative therapeutics designed to improve patients' lives. The company's clinical programs include VK2809, a small molecule thyroid beta agonist. In a Phase 2 trial for the treatment of non-alcoholic fatty liver disease and elevated LDL-C, patients who received VK2809 demonstrated statistically significant reductions in LDL-C and liver fat content. VK2809 was shown to be safe and well-tolerated in the study. The company's second clinical program is VK5211, an orally available, non-steroidal selective androgen receptor modulator. In a Phase 2 trial in patients recovering from hip fracture, patients who received VK5211 experienced significant improvements in measures of lean body mass compared to patients who received placebo. The company is also developing VK0612, a first-in-class, orally available drug candidate in Phase 2 development for type 2 diabetes. Additional programs include novel and selective agonists of the thyroid beta receptor for GSD Ia and X-linked adrenoleukodystrophy, as well as two earlier-stage programs targeting metabolic diseases and anemia. Viking holds exclusive worldwide rights to a portfolio of five therapeutic programs in clinical trials or preclinical studies, including those noted above, which are based on small molecules licensed from Ligand Pharmaceuticals Incorporated.
Forward-Looking Statements
This press release contains forward-looking statements regarding Viking Therapeutics, including statements about Viking's expectations regarding its development activities, timelines and milestones, as well as the company's goals and plans regarding VK2809 and VK2809's prospects. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: risks associated with the success, cost and timing of Viking's product candidate development activities and clinical trials, including those for VK2809; risks that prior clinical and pre-clinical results may not be replicated; and risks regarding regulatory requirements, among others. These forward-looking statements speak only as of the date hereof. Viking disclaims any obligation to update these forward-looking statements.
View original content:http://www.prnewswire.com/news-releases/viking-therapeutics-announces-data-from-in-vivo-study-of-vk2809-presented-at-oral-plenary-session-of-the-88th-annual-meeting-of-american-thyroid-association-ata-300726725.html
GO VKTX
"PEACE"
We should see a buyout offer soon...50$-$100 minimum.
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