Why Viking Therapeutics Stock Was Victorious This Week
Viking Therapeutics (NASDAQ: VKTX), a biotech that has shot to prominence thanks to a weight-loss drug it is developing, was a winning stock this week. Over the course of the past five trading days, its price rose by almost 18%, according to data compiled by S&P Global Market Intelligence. It seems a global health agency is ready to support the kinds of medications the company is working on. On Thursday, citing a memo it had reviewed, Reuters reported that no less a body than the United Nations' World Health Organization (WHO) is gearing up to back the use of obesity drugs. The agency will officially support the use of such medications by adults struggling to lose weight, and will make a push to improve access to the drugs for lower- and middle-income patients.Image source: Getty Images.Continue reading
Viking Therapeutics (NASDAQ: VKTX), a biotech that has shot to prominence thanks to a weight-loss drug it is developing, was a winning stock this week. Over the course of the past five trading days, its price rose by almost 18%, according to data compiled by S&P Global Market Intelligence. It seems a global health agency is ready to support the kinds of medications the company is working on.
On Thursday, citing a memo it had reviewed, Reuters reported that no less a body than the United Nations' World Health Organization (WHO) is gearing up to back the use of obesity drugs. The agency will officially support the use of such medications by adults struggling to lose weight, and will make a push to improve access to the drugs for lower- and middle-income patients.
Image source: Getty Images.
