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0.000193204358690449 0.000154563486952272 -1.28802905793438E-05 -0.000283366392745709 -0.000837218887658076 -0.00190628300574449 -0.00190628300574449 -0.00190628300574449
Stock impact report

Viking Therapeutics Jumps on Early Weight-Loss Pill Results [BNN Bloomberg (Canada)]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: BNN Bloomberg
Patients in the study lost an average of 3.3% of their body weight in 28 days compared with a placebo and no serious adverse events were reported, Viking said in a statement. The shares rose as much as 21% in trading before US markets opened and have almost quadrupled in value this year through Monday's close. “Results are strong and we expect strong stock reaction today,” Joon Lee, a biotech analyst at Truist Securities, said in a note. Viking is one of a handful of companies, including market leaders Eli Lilly & Co. and Novo Nordisk A/S, racing to develop weight-loss drugs that can be taken by mouth rather than injected. The California biotech plans to move its medication, called VK2735, into mid-stage studies based on the results, according to the statement. Read More: Novo Nordisk's Obesity Pill Results Send Shares to Record Notably, there was a lower rate of stomach issues like diarrhea and vomiting among patients treated with Viking's drug compared to a placebo. Gastroi Show less Read more
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