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Stock impact report

Altimmune leads obesity drug developers lower after data for lead asset [Seeking Alpha]

Viking Therapeutics, Inc. (VKTX) 
Last viking therapeutics, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.vikingtherapeutics.com
Company Research Source: Seeking Alpha
Altimmune leads obesity drug developers lower after data for lead assetMar. 21, 2023 2:58 PM ETAltimmune, Inc. (ALT)AMGNPFENVOLLYVKTXRYTMBy:Dulan LokuwithanaSA News Editor5 Commentsmphillips007Leading weight loss drug developers are on the decline after clinical-stage biotech Altimmune (NASDAQ:50% lowerCiting topline data, Altimmune () said that pemvidutide, a GLP-1/glucagon dual receptor agonist, led to 10% or more weight loss in ~50% of subjects in its 48-week MOMENTUMPhase 2 obesity trial.Its Phase 1b trial for pemvidutide in patients with type 2 diabetes has indicated that the experimental therapy at 2.4 mg led to a 7.7% weight loss over 12 weeks, while patients on placebo experienced a mean weight gain of 0.8%.While Altimmune (Meanwhile, Viking Therapeutics (lost ~17%Pharma giants Eli Lilly (However, Novo Nordisk (According to Morgan Stanley, the market for anti-obesity drugs couldreach $54B by 2030 Show less Read more
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