Viking Therapeutics Reports Second Quarter 2023 Financial Results and Provides Corporate Update
SAN DIEGO, July 26, 2023 /PRNewswire/ -- Viking Therapeutics, Inc. ("Viking") (NASDAQ: VKTX), a clinical-stage biopharmaceutical company focused on the development of novel therapies for metabolic and endocrine disorders, today announced its financial results for the second quarter and six months ended June 30, 2023, and provided an update on its clinical pipeline and other corporate developments.
- Highlights from the Quarter Ended June 30, 2023, and Other Recent Events:
"In the second quarter of 2023 Viking continued to build on the momentum achieved in the first quarter, following the successful Phase 1 results of the dual incretin receptor agonist VK2735 for obesity," stated Brian Lian, Ph.D., chief executive officer of Viking. - We ended the second quarter with approximately $393 million, placing us in a strong financial position, with runway to execute through multiple potential value-creating events."
- During the second quarter, the company announced positive top-line results from its Phase 2b VOYAGE study evaluating VK2809 in patients with biopsy-confirmed non-alcoholic steatohepatitis (NASH) and fibrosis.
- Management will host a conference call to discuss the company's second quarter financial results today at 4:30 pm Eastern.