logo-loader
viewViking Therapeutics

Viking Therapeutics stock rises on positive trial results for treatment of hip fractures

Some 108 patients received doses of the drug over the past 12 weeks

Body's internal organs.
Viking Therapeutics is a clinical-stage biopharmaceutical company.

Viking Therapeutics Inc (NASDAQ:VKTS) shares climbed on Monday after the company reported positive results in a Phase 2 study of a treatment for people who suffered from hip fractures.

The company said in a statement the trial "achieved its primary endpoint" after treatment of VK5211, its lead treatment for musculoskeletal disorders, in results presented at the American Society for Bone and Mineral Research's annual meeting held over the weekend in Quebec, Canada.

A total of 108 patients were randomized to receive once-daily VK5211 doses of 0.5 mg, 1.0 mg, 2.0 mg, or placebo for 12 weeks.

Shares of Viking Therapeutics rose 2.47% in the Monday premarket to $17.85, having closed on Friday down 2.35% at $17.42.

READ: Maxim bullish on latest data for Viking Therapeutics' key drug to fight fatty liver disease

"It is striking that these increases were coupled with reductions in fat mass, indicating a favorable shift in overall body composition," said Brian Lian, the CEO of Viking. 

"We are pleased with the safety and tolerability of VK5211 in this study, with no drug-related serious adverse events observed and no clinically meaningful changes in important markers such as hemoglobin, red blood cell counts and coagulation factors," he added.

The company believes VK5211 has the potential to produce the therapeutic benefits of testosterone with improved safety, tolerability and patient acceptance. 

Viking Therapeutics is a clinical-stage biopharmaceutical company focused on the development of novel therapies for metabolic and endocrine disorders. The company is based in San Diego, California.

Quick facts: Viking Therapeutics

Price: 6.4 USD

NASDAQ:VKTX
Market: NASDAQ
Market Cap: $462.15 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Vapen MJ Venture begins trading on the Canadian Securities...

Vapen MJ Ventures (CSE:VAPN-OTCQX: VAPNF) President and CFO BOB Brilon joined Steve Darling from Proactive Toronto to discuss the cannabis company has been very profitable in Arizona. Brilon telling Proactive what has made them such a success and what he sees as the keys to growing the...

2 days, 19 hours ago

2 min read