Chart of Day: The "Next Ozempic?"

You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these emails, please unsubscribe here. On October 31, we said Viking Therapeutics (SYM: VKTX) was a solid opportunity. Especially as the company was set to jump into Obesity Week where they were presenting results from its Phase 2 VENTURE clinical trial with its subcutaneous formulation of VK2735. Its other presentation will highlight results from its Phase 1 multiple ascending dose clinical trial of its oral formulation of VK2735. Yesterday morning, the stock was up about $6 a share after VKTX showed strong results for its experimental obesity pill, with increased weight loss observed at higher doses. “Patients on 100-milligram doses of Viking’s VK2735 lost an average of 8.2% of their body weight after 28 days in an early-stage study, or 6.8% more than those taking a placebo, the company said in a presentation at the Obesity Week meeting Sunday in San Antonio,” added Seeking Alpha.  Plus, the company is about to start its Phase 2 study of the oral version of VK2735 before the end of the year. “The oral version is being developed as an alternative for patients hesitant for injection-based therapy, looking to maintain their weight loss, or transition away from the injectable version of VK2735.” Moving forward, we’d like to see VKTX closer to $100 a share. Did you miss yesterday's Chart of the Day? Click here to see it now. 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