Viking Therapeutics (NasdaqCM:VKTX) Seals Manufacturing Deal as Stock Declines 11% Over The Past Month
We've identified 5 risks for Viking Therapeutics (2 make us uncomfortable) that you should be aware of.
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Viking Therapeutics' shares have surged to deliver a very large total return over the three-year period, marking a striking performance among its peers in the biotech industry. Despite the recent year's underperformance relative to both the market and sector, this impressive return in a longer timeframe reflects the company's endeavors in product development and strong future promise. Viking's focus on innovative treatments, such as the VK2735 obesity program, has been crucial. In particular, its recent completion of Phase 2 trial enrollment and a multi-year manufacturing agreement with CordenPharma targets a significant market opportunity.
Noteworthy corporate activities have bolstered this growth narrative. For instance, the promising results from the VK2809 clinical trial for NASH and positive clinical data presentations on VK2735 signal strong pipeline advancements. Even as Viking reported a US$109.96 million net loss in 2024, these product-centric milestones have helped maintain investor confidence amidst the high volatility, positioning Viking favorably for potential future expansions in metabolic disorder treatments.
Insights from our recent valuation report point to the potential undervaluation of Viking Therapeutics shares in the market.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NasdaqCM:VKTX.
Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@simplywallst.com
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