Viking Therapeutics stock jumps 16% after drugmaker moves weight loss injection to late-stage trial
VKTXViking Therapeutics(VKTX) CNBC·2024-07-25 21:10

Shares of Viking Therapeutics jumped 16% in premarket trading Thursday after the biotech company a day earlier announced plans to advance its experimental weight loss injection into a late-stage trial earlier than expected. It brings the San Diego-based company one step closer to joining the highly popular market for GLP-1s, which analysts say could grow into a $150 billion market by the end of the decade. Viking is one of several small and large drugmakers hoping to compete in the space against Novo Nordis ...