Core Insights - Viking Therapeutics reported strong financial results for Q4 and year-end 2025, with a cash position of $706 million and significant advancements in its obesity treatment pipeline [1][3] Financial Performance - Q4 2025 research and development expenses were $153.5 million, up from $31.0 million in Q4 2024, primarily due to increased clinical study costs [3] - General and administrative expenses decreased to $11.3 million in Q4 2025 from $15.3 million in Q4 2024 [3] - The net loss for Q4 2025 was $157.7 million, or $1.38 per share, compared to a net loss of $35.4 million, or $0.32 per share, in Q4 2024 [3] - For the full year 2025, research and development expenses totaled $345.0 million, compared to $101.6 million in 2024 [3] - The net loss for the year ended December 31, 2025, was $358.5 million, or $3.19 per share, compared to a net loss of $110.0 million, or $1.01 per share, in 2024 [3] Clinical Pipeline Updates - The Phase 3 VANQUISH trials for VK2735, a dual agonist for obesity, are ongoing, with VANQUISH-1 fully enrolled and VANQUISH-2 nearing completion [1][3] - VK2735's oral formulation is set to advance into Phase 3 trials in Q3 2026, following positive results from Phase 1 and Phase 2 studies [2][3] - A Phase 1 maintenance dosing study for VK2735 has been fully enrolled, with results expected in Q3 2026 [1][2] Upcoming Developments - The company plans to file an Investigational New Drug (IND) application for a novel amylin agonist this quarter, expanding its obesity treatment portfolio [1][3] - Viking is also developing a series of dual amylin and calcitonin receptor agonists (DACRAs) for obesity and metabolic disorders [4] Market Position and Strategy - VK2735 is positioned as a unique dual agonist with both subcutaneous and oral formulations, potentially improving treatment adherence and reducing side effects [2][3] - The company has established a comprehensive manufacturing and supply agreement for VK2735 to support its commercial activities [1][3]

Core Insights - Viking Therapeutics, Inc. is set to release its financial results for Q4 and year-end 2025 on February 11, 2026, after market close [1] - A conference call will be held on the same day at 4:30 p.m. Eastern Time to discuss these results and provide corporate updates [2] Company Overview - Viking Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel therapies for metabolic and endocrine disorders [3] - The company is advancing several clinical programs, including VK2735, a dual agonist for GLP-1 and GIP receptors, currently in Phase 3 trials for obesity [3] - VK2809, another key program, is an orally available small molecule for treating lipid and metabolic disorders, having met primary and secondary endpoints in a Phase 2b study for NASH [3] - The company is also developing VK0214 for X-ALD, which has shown safety and efficacy in reducing VLCFAs in a Phase 1b trial [3]

Core Viewpoint - Investors are expected to focus on Viking Therapeutics' progress with VK2735, a dual agonist for obesity treatment, during the upcoming Q4 and full-year 2025 results announcement [1] Company Overview - Viking Therapeutics is developing VK2735 for obesity treatment, with no marketed drugs currently in its portfolio, leading to no expected revenues for the upcoming quarter [2] - The Zacks Consensus Estimate for Q4 earnings is a loss of 89 cents per share [2] Pipeline Development - VK2735 is being studied in multiple late-stage studies, including VANQUISH-1 and VANQUISH-2, for both oral and subcutaneous formulations [5] - The VANQUISH-1 study, completed in November 2025, evaluates VK2735 in obese adults with weight-related co-morbid conditions, while VANQUISH-2 focuses on obese or overweight adults with type II diabetes [6][7] Competitive Landscape - Eli Lilly and Novo Nordisk dominate the obesity treatment market with their GLP-1 injections, which may increase competitive pressure on Viking Therapeutics [9] - Novo Nordisk recently launched an oral version of Wegovy, and an FDA decision on Lilly's oral obesity pill is expected in the first half of 2026 [9] Financial Performance - Viking Therapeutics has a history of earnings surprises, missing estimates in the last four quarters with an average negative surprise of 21.66% [11] - The company currently has an Earnings ESP of 0.00%, indicating no expected earnings beat for the upcoming report [12][13] Future Updates - Further updates on VK2735, as well as the company's NASH and X-ALD programs, are anticipated during the upcoming earnings call [10][8]

Company Overview - Viking Therapeutics is based in San Diego and focuses on novel therapeutics for metabolic and endocrine diseases [3]. Key Programs - The company is primarily concentrating on its metabolic disease programs, particularly a peptide called VK2735, which is a dual agonist of the GLP-1 and GIP receptors, currently in a Phase III program known as the VANQUISH program [3]. - An oral formulation of VK2735 has completed a Phase II study, with data submission planned for the European Congress on Obesity in the second quarter of this year [4]. - Viking Therapeutics is also developing an amylin program, with plans to file an Investigational New Drug (IND) application later this quarter [4]. Additional Programs - The company has earlier stage programs in the thyroid receptor space, including VK2809, a thyroid receptor beta agonist for MASH, which has completed a successful study [5].

Viking Therapeutics FY Conference Summary Company Overview - **Company**: Viking Therapeutics (NasdaqCM:VKTX) - **Focus**: Development of novel therapeutics for metabolic and endocrine diseases, particularly highlighted by the peptide VK2735, a dual agonist of GLP-1 and GIP receptors [2][28] Key Points on VK2735 and Clinical Programs - **VK2735**: Currently in a Phase III program called the Vanquish program, with two trials in progress for obesity [2][3] - **Oral Formulation**: An oral version of VK2735 has completed Phase II studies, with data submission planned for the European Conference on Obesity in Q2 2026 [3][28] - **Pipeline**: Includes VK2809 (thyroid receptor beta agonist for MASH) and VK0214 (for X-linked adrenal leukodystrophy), both of which have completed early-stage studies [3][28] Clinical Trial Results - **VK2735 Phase I and II Results**: - Phase I showed a dose-dependent reduction in body weight, with up to 8.2% weight loss after 28 days [9][10] - Phase II results indicated a weight loss of up to 12% at the highest dose (120 mg) after 13 weeks, with significant results across all cohorts except the lowest dose [11][23] - Maintenance of weight loss was observed, with 6.7%-10.3% maintained three weeks after the last dose [12][18] Tolerability and Safety - **Tolerability**: VK2735 demonstrated excellent tolerability, with most adverse events being mild to moderate, primarily gastrointestinal [10][21] - **Dosing Strategy**: Future studies may adopt a slower titration approach to mitigate gastrointestinal side effects [17][18] Vanquish Trials - **Trial Design**: The Vanquish program includes two studies, one for obesity and another for obesity with type 2 diabetes, both with a one-year extension for long-term safety and efficacy [25][28] - **Enrollment Status**: Vanquish I has completed enrollment, while Vanquish II is on track to complete enrollment in Q1 2027 [29] Financials - **Cash Position**: Viking Therapeutics reported over $700 million in cash as of the end of Q3 2026, providing a strong financial foundation for ongoing and future projects [28] Future Directions - **Amylin Program**: An IND filing for an amylin program is planned for Q1 2026, with potential for combination therapies with VK2735 [3][44] - **Market Positioning**: The oral formulation of VK2735 is envisioned as a maintenance therapy following injectable treatments, aiming to provide a seamless transition for patients [38][39] Industry Context - **Regulatory Environment**: The FDA's recent developments regarding trial requirements may influence Viking's future clinical strategies, although the company plans to proceed with two Phase III trials for the oral formulation [34][35] - **Competitive Landscape**: The company acknowledges the competitive nature of the obesity treatment market, emphasizing the importance of tolerability and efficacy in their product offerings [30][31] Strategic Interest - **Industry Interest**: There is a growing interest from pharmaceutical companies in the obesity treatment space, with Viking Therapeutics positioned to capitalize on this trend as they advance their programs [47][48]

Core Insights - Viking Therapeutics has completed patient enrollment in a Phase 1 maintenance dosing study for VK2735, a dual agonist targeting GLP-1 and GIP receptors, aimed at treating metabolic disorders like obesity [1][2]. Group 1: Study Details - The maintenance dosing study is a randomized, double-blind, placebo-controlled trial involving approximately 180 healthy adults with a BMI of 30 kg/m or higher [2]. - Participants initially receive weekly subcutaneous doses of VK2735 or placebo for 19 weeks, followed by various maintenance dosing regimens including weekly, bi-weekly, or monthly subcutaneous doses, as well as daily and weekly oral dosing options [3]. - The study aims to evaluate the safety, tolerability, and pharmacokinetic profile of VK2735, with exploratory endpoints focusing on changes in body weight from baseline and from Week 19 to Week 31 [3]. Group 2: Company Strategy and Product Differentiation - The development of effective maintenance dosing regimens is crucial for achieving long-term health benefits from weight loss, potentially differentiating VK2735 from existing obesity treatments [4]. - The same dual-acting GLP-1/GIP agonist is utilized in both subcutaneous and oral formulations, offering treatment flexibility and potentially improved adherence to therapy [4]. Group 3: Ongoing Clinical Trials - Viking is also conducting two Phase 3 studies (VANQUISH-1 and VANQUISH-2) to assess the efficacy and safety of subcutaneous VK2735 over 78 weeks, with VANQUISH-1 enrolling approximately 4,650 adults with obesity or overweight conditions, and VANQUISH-2 enrolling around 1,100 adults with type 2 diabetes [5]. - Patients in these trials are randomized into four treatment arms, receiving either VK2735 at doses of 7.5 mg, 12.5 mg, 17.5 mg, or placebo [5]. Group 4: Background on GLP-1 and GIP Agonists - GLP-1 receptor activation has been shown to decrease glucose levels, reduce appetite, lower body weight, and improve insulin sensitivity in patients with type 2 diabetes and obesity [6]. - Tirzepatide, a dual GLP-1/GIP receptor agonist, has been approved by the FDA, indicating a growing interest in this class of therapeutics [6]. Group 5: Company Overview - Viking Therapeutics is focused on developing novel therapies for metabolic and endocrine disorders, with VK2735 being a key product in their pipeline [8]. - The company is also advancing VK2809, a selective thyroid hormone receptor beta agonist, and VK0214 for rare diseases, showcasing a diverse portfolio aimed at improving patient outcomes [8].

Core Insights - Viking Therapeutics, Inc. has appointed Neil Aubuchon as chief commercial officer, bringing over two decades of experience in the biopharmaceutical industry, particularly in global commercialization and marketing within the cardiometabolic space [1][3] Company Overview - Viking Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel therapies for metabolic and endocrine disorders, leveraging expertise in metabolism to improve patients' lives [4] - The company's clinical programs include VK2735, a dual agonist for GLP-1 and GIP receptors, currently in Phase 3 trials for obesity, and VK2809, a selective thyroid hormone receptor beta agonist for lipid and metabolic disorders [4] Product Development - VK2735 is being evaluated in two Phase 3 clinical trials (VANQUISH-1 and VANQUISH-2) for obesity, with previous trials showing a favorable safety and tolerability profile [4] - VK2809 has successfully met primary and secondary endpoints in a Phase 2b study for non-alcoholic steatohepatitis (NASH) and fibrosis, demonstrating significant reductions in LDL-C and liver fat content in a Phase 2a trial for non-alcoholic fatty liver disease (NAFLD) [4] Strategic Direction - The appointment of Neil Aubuchon is seen as a strategic move to enhance Viking's commercialization capabilities for VK2735 and to engage with potential strategic partners, positioning the company for future commercial success [2][4]

Core Insights - Viking Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel therapies for metabolic and endocrine disorders [3] Group 1: Corporate Presentation - CEO Brian Lian, Ph.D., will present at the 44th Annual J.P. Morgan Healthcare Conference from January 12-15, 2026, in San Francisco, California [1][2] - The presentation is scheduled for January 12, 2026, from 2:15 to 2:55 p.m. Pacific Time, and will be available via live webcast [2] Group 2: Company Overview - Viking Therapeutics specializes in first-in-class or best-in-class therapies targeting metabolic and endocrine disorders, leveraging expertise in metabolism [3] - The company is advancing VK2735, a dual agonist for GLP-1 and GIP receptors, currently in a Phase 3 obesity program with two trials (VANQUISH-1 and VANQUISH-2) [3] - VK2809, an orally available small molecule for lipid and metabolic disorders, has shown positive results in Phase 2b studies for NASH and fibrosis, and in Phase 2a trials for NAFLD [3] - The company is also developing VK0214 for X-linked adrenoleukodystrophy (X-ALD), which has demonstrated safety and efficacy in reducing VLCFAs in a Phase 1b trial [3]

Company Overview - Viking Therapeutics, Inc. is a clinical-stage biotechnology company focused on metabolic and endocrine disorders, particularly in obesity, diabetes, and NASH [2] - The company is advancing both injectable and oral dual-agonist therapies, positioning itself as a strategically scarce asset within the GLP-1/GIP treatment revolution [2] Key Programs - The lead program, VK2735, targets obesity and type-2 diabetes, showing a mean weight loss of approximately 14–15% over 13 weeks in Phase 2 trials, with strong tolerability [3] - Viking is advancing two pivotal programs: VANQUISH (injectable) and VENTURE-Oral, with the oral formulation potentially expanding patient reach significantly if efficacy is maintained [3] - The second major asset, VK2809, is aimed at NASH and lipid disorders, demonstrating up to 55% median liver-fat reduction in Phase 2 trials, indicating a favorable safety profile [4] Financial Position - As of Q3 2025, Viking had approximately $715 million in cash and no debt, providing a strong balance sheet and sufficient runway to fund Phase 3 programs without near-term dilution [5] - Commercialization of VK2735 is anticipated around 2028, with profitability expected by 2029–2030 [5] Market Potential and Valuation - The base-case valuation suggests an enterprise value of roughly $11.5 billion, translating to approximately $110 per share, indicating significant upside potential [5] - The company is positioned at the intersection of two multi-billion-dollar markets, balancing near-term visibility with longer-term growth opportunities [4] Investor Sentiment - The stock price has appreciated approximately 27.64% since previous coverage due to increased investor optimism around clinical progress [6] - The current bullish thesis emphasizes balance sheet strength, NASH optionality, and potential for mergers and acquisitions from larger pharmaceutical players [6]

Group 1: Company Overview - Viking Therapeutics Inc is a healthcare service provider specializing in biopharmaceutical development focused on metabolic and endocrine disorders. The company's clinical program pipeline includes VK2809, VK5211, and VK0214 products, with VK2809 and VK0214 being orally available, tissue and receptor-subtype selective agonists of the thyroid hormone receptor beta, and VK5211 being an orally available, non-steroidal selective androgen receptor modulator [10]. Group 2: Options Trading Activity - Significant bullish positioning has been observed among high-rolling investors in Viking Therapeutics, with 13 options trades identified, indicating potential privileged information [1]. - The sentiment among major traders is evenly split, with 46% bullish and 46% bearish. Notably, there was one put option worth $35,245 and 12 call options totaling $547,650 [2]. - The predicted price range for Viking Therapeutics, based on volume and open interest analysis, is between $30.0 and $50.0 during the past quarter [3]. - The average open interest for options of Viking Therapeutics is 2,520.33, with total volume reaching 1,069.00, indicating active trading within the strike price corridor of $30.0 to $50.0 over the last 30 days [4]. Group 3: Options Trading Details - The largest options trades include a bullish call option with a strike price of $30.00, totaling $100.9K, and a neutral call option with a strike price of $37.50, totaling $100.0K. Other notable trades include a bearish call option at a strike price of $35.00 and another bullish call option at a strike price of $40.00 [9]. Group 4: Market Performance - The current trading volume for VKTX is 3,016,844, with the stock price down by 0.16%, reaching $38.49. Current RSI values indicate that the stock is neutral between overbought and oversold [15]. - A market expert has issued a consensus target price of $107.0 for Viking Therapeutics, with a Buy rating maintained by an analyst from Canaccord Genuity [12][13].