Viking Therapeutics Announces Q3 Earnings Per Share of 81 Cents, Exceeding Consensus Estimate of 67 Cents
Financial Overview: As of September 30, Viking reported cash and short-term investments of $715M, down from $903M at the end of 2024.
Obesity Program Progress: Viking's lead obesity program, VK2735, showed promising results in the Phase 2 VENTURE-Oral Dosing study, achieving significant weight loss and demonstrating a differentiated profile with oral efficacy.
Phase 3 Trials Initiation: The company has initiated the Phase 3 VANQUISH registration program for VK2735, with enrollment progressing well and expected completion of the VANQUISH-1 study by the end of the quarter.
Pipeline Development: Viking is also advancing its amylin agonist program, planning to file an IND in Q1 of 2026, while maintaining a strong balance sheet to support ongoing clinical trials and development efforts.
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Investment Strategy Analysis for Biotech Stocks
- Viking Therapeutics Outlook: Viking Therapeutics is developing weight-loss drug VK2735, currently in phase 3 studies, and despite competition, its mid-stage results are stronger than many larger firms, with clinical progress expected in 2026 potentially boosting stock prices.
- New Drug Development: The company is also working on a new weight management candidate set to enter clinical trials this year, and if successful in clinical and regulatory aspects by 2028, it could yield long-term returns for investors.
- BioNTech Clinical Progress: Although BioNTech's financial results have been inconsistent, its cancer drug BNT113 is undergoing late-stage trials and has received FDA Fast Track designation, with important data expected this year that could enhance market performance.
- Rich Drug Pipeline: BioNTech is also advancing Trastuzumab Pamirtecan for endometrial cancer in phase 3 studies, and if these drugs are launched in the coming years, it will significantly improve financial results, thus providing superior returns for shareholders.

Eli Lilly vs. Viking: Who Will Dominate Weight Loss Market?
- Market Leadership of Eli Lilly: Eli Lilly's weight loss drugs Mounjaro and Zepbound generated over $10 billion in sales last quarter, demonstrating strong growth potential in the weight loss market while solidifying the company's leadership against Novo Nordisk.
- Regulatory Catalyst for New Drug: Lilly is seeking regulatory approval for its oral weight loss drug orforglipron, and if approved, it could act as a positive catalyst for stock performance, further boosting its market share.
- Clinical Progress of Viking: Viking's injectable and oral candidates are meeting trial goals, and the company ended the last quarter with over $700 million in cash, providing robust support for clinical development and indicating future growth potential.
- Market Opportunities and Risks: Although Viking has no products on the market yet, its market value of nearly $4 billion suggests significant upside potential if it secures regulatory approval and begins generating product revenue, positioning it as a potential millionaire-maker stock.









