Chart of Day: The next breakout obesity drug?

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. Weakness in Viking Therapeutics (SYM: VKTX) is an opportunity. For one, its VK2735 obesity treatment is that trial results show it's outperforming other products already on the market. As noted by Seeking Alpha, "Semaglutide (Wegovy) only showed an 8% loss after 20 weeks, while tirzepatide (Zepbound) took significantly longer to reach a larger weight loss. According to a new study, the weight losses from these GLP-1s on the market was far lower than the Viking Therapeutics drug candidate." With exemplary results like that, Viking Therapeutics could have a potential blockbuster hit on its hands. Plus, the company said the oral form of VK2735 helped patients lose about 3.3% of body weight after 28 days in Phase 1 trials.  Two, Goldman Sachs just raised its obesity treatment market estimates from $100 billion to $130 billion. "The estimate was revised as the firm projects the number of Americans on anti-obesity drugs could reach ~19M by 2030, up from its previous estimate of ~15M. This indicates a ~17% market penetration among U.S. adults," as noted by Seeking Alpha. Did you miss yesterday's Chart of the Day? Click here to view it now. DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264   Copyright © 2023 Daily Guru Trades, All rights reserved. You are receiving this email as part of your subscription to Daily Guru Trades. If you have any questions, please contact us at support@dailygurutrades.com. Daily Guru Trades is a newsletter offered to the public on a subscription basis. While subscribers receive the benefit of Daily Guru Trades opinions, none of the information contained therein constitutes a recommendation from Daily Guru Trades that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. 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