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Viking Therapeutics surges as weight-loss drug succeeds in mid-stage study

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** Shares of Viking Therapeutics VKTX.O doubled to hit record high of $77.17, last up 73.3%

** Co's investigational obesity drug VK2735 helped obese patients achieve"significant" weight loss in a mid-stage study

** VK2735 helped obese or overweight patients lose 14.6 kgs on average in 13-week study that enrolled 176 patients, and was safe and well-tolerated

** Viking could have a potential best-in-class agent, said BTIG analyst Justin Zelin

** BTIG adds the data makes Viking "more attractive to both investors and obviously a big pharma from the standpoint of business development or M&A"

** VKTX plans to meet with the U.S. FDA around mid-year to discuss next steps

** Including session gains, stock has risen four-fold in the last 12 months

Reporting by Pratik Jain and Sneha S K in Bengaluru


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