2024 VKTX shares surge 323%, market cap reaches $8.8 billion, despite uncertainties surrounding phase 3 study.

Viking Therapeutics (VKTX) is attracting interest for its dual GLP-1 and GIP receptor agonist, VK2735, which aims to treat obesity potentially more effectively than existing GLP-1 medications. In 2024, VKTX shares surged 323%, boosting its market cap to $8.8 billion. While the company's financials are strong, investors are cautioned about the speculative nature of the stock and the uncertainties of its phase 3 study, suggesting a preference for established competitors like Novo Nordisk.

October 27, 2024
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