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-0.00149650814765541 -0.00349185234452945 -0.00498836049218485 -0.00365813102760224 0.00500498836049222 0.0103092783505155 -0.00982041902228126 -0.0219487861656136
Stock impact report

How to Play VKTX Stock Amid Manufacturing Deal With CordenPharma [Yahoo! Finance]

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: Yahoo! Finance
agreement with CordenPharma for both the oral and subcutaneous (SC) formulations of its obesity drug. Viking Therapeutics is one of the few biotech stocks that has shown immense potential in the obesity space. It is developing VK2735, an investigational novel dual GLP-1 and GIP receptor agonist, in different clinical studies as oral and SC versions for treating obesity. Per the terms, CordenPharma will provide 100 million autoinjectors, 100 million vial and syringe products, and more than 1 billion oral VK2735 tablets annually through dedicated manufacturing lines. In addition, VKTX will retain an option to expand these capacities. In return, the company will make prepayments totaling $150 million over the next three years, which will be adjusted against future orders. This deal with CordenPharma reduces the supply chain risk on VKTX stock, which is a likely reason for this upside in stock price. Let's delve into the company's strengths and weaknesses to better analyze how to pl Show less Read more
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