Viking Therapeutics Stock Jumps as Obesity Drug Catalyst Nears
Viking Therapeutics surged 6% to $34.30 as investors bet on Phase 3 data for its lead obesity drug VK2735, expected in Q3 2026, despite no new company news and a broader market selloff; the stock’s rally reflects hopes for a late-stage win in a fiercely competitive $100 billion market dominated by Novo Nordisk and Eli Lilly, but Viking warns that delays or weak results could hit shares.