Viking Therapeutics’ dual GLP-1/GIP receptor agonist for obesity showed off positive topline data from a Phase II study, with analysts describing the drug as a potential competitor to Eli Lilly’s Zepbound.
The biotech’s stock $VKTX jumped more than 90% on Tuesday following the readout, trading at nearly $74.
In the 176-patient VENTURE trial, those taking the GLP-1/GIP injection, dubbed VK2735, once a week lost up to 14.7% of their mean body weight over 13 weeks (compared to just 1.7% on placebo). The trial also hit its secondary endpoint, with up to 88% of patients losing at least 10% of their weight compared with 4% on placebo.
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