VKTX : When "weight" Losing Is Winning.
@JC888:
On Thu, 25 Jul 2024 - $Viking Therapeutics(VKTX)$ stock rocketed by +28.31% to $64.68 per share. This explosion comes about as the company announced that it is exploring a monthly dose of its weight-loss drug. The news came as a blow to obesity kingpins $Novo-Nordisk A/S(NVO)$ and leader $Eli Lilly(LLY)$, and their weight-loss drugs Wegovy (NVO) and Zepbound (LLY). Over 2 days, losses racked up by both: Thursday, NVO fell by -2.84% to $127.86 and fell further by -0.88% on Friday. Thursday, LLY fell by -4.5% to $821.19 and Friday, it fell further by -2.02%. The Good News. VKTX, the small biotech company also said it will accelerate its under-the-skin shot, dubbed “V