Viking Therapeutics’ promising weight-loss drug data makes the company a takeover target
Viking Therapeutics Inc.’s stock rose another 8% Wednesday to extend its week-to-date gains to 145%, as analysts weighed in on its positive weight-loss drug news with some bullish commentary and said the company has become an attractive takeover target. The news from Tuesday that a Phase 2 trial called Venture had produced positive data for its VK2735 weight-loss drug sent the stock VKTX, +10.33%up 121% to a record level and record one-day gain.The stock is viewed as a cheaper entry for in
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