Viking Therapeutics Shares Drop Over 30% Amidst Obesity Trial Setbacks
Viking Therapeutics' stock dropped 37% after revealing that its obesity drug VK2735 had a high dropout rate in a Phase 2 trial, despite showing some efficacy in weight loss. The high discontinuation rate raised concerns about the drug's tolerability and competitive position compared to Eli Lilly's offerings, leading to investor skepticism about Viking's prospects in the oral obesity market.