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Home Healthcare Biotechnology

Study Highlights the Life-Saving Potential of Obesity Drugs and Strengthens the Bullish Case for Viking Therapeutics

byLuca Blaumann
October 17, 2024
in Biotechnology, Mid-Cap
Reading Time: 4 mins read
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VKTX’s Innovative Drug Candidates Could Unlock Significant Value for Patients and Investors

A recent study has shone new light on the life-saving potential of GLP-1-based obesity drugs, further solidifying the bullish outlook for Viking Therapeutics (VKTX). As the battle against obesity intensifies, new therapies are increasingly viewed as crucial tools in reducing obesity-related deaths. Despite these benefits, the accessibility of these drugs remains limited due to financial barriers and restrictive insurance coverage. This gap in access represents a significant issue, but for companies like Viking Therapeutics, it also offers an opportunity to make a substantial impact on public health and generate meaningful shareholder value.

The study underscores the importance of expanding access to obesity drugs such as GLP-1 agonists, which can significantly improve survival rates among patients with obesity. Viking Therapeutics’ promising drug candidate VK2735, with both oral and subcutaneous (subQ) delivery options, is well-positioned to address these needs and potentially redefine how obesity treatments are accessed and administered. With upcoming data releases and pivotal trials on the horizon, VKTX is emerging as a key player in the fight against obesity.

Obesity: A Public Health Crisis

Obesity is a major public health issue in the U.S., affecting over 40% of the population and contributing to a host of related diseases such as diabetes, cardiovascular disease, and certain cancers. Despite its significant impact on health and mortality, obesity is often under-recognized as a direct cause of death. The new study reveals that expanding access to GLP-1-based obesity drugs could save thousands of lives annually. However, access remains unequal, with patients on private insurance more likely to benefit from these drugs than those on Medicare or without insurance.

The study suggests that with current access levels, approximately 6,000 deaths could be prevented annually, mostly among privately insured patients. By improving access, as many as 10,000 additional lives could be saved among Medicare beneficiaries, and 3,000 among uninsured patients. This stark disparity highlights the need for expanded drug coverage and increased availability of these life-saving treatments.

VK2735: A Promising Candidate in the Fight Against Obesity

Viking Therapeutics is making significant strides with its GLP-1 drug candidate, VK2735. The company is developing both oral and subQ versions of the drug, offering flexibility and broader access to patients who may have difficulty affording or obtaining these medications through traditional channels.

In a recent Phase 1 study, VK2735 demonstrated impressive results. Patients who took the oral form of the drug experienced a dose-dependent reduction in body weight over a 28-day period, with the highest dose group achieving a 5.3% reduction in weight compared to a 2.1% reduction in the placebo group. Notably, the drug exhibited a favorable safety profile, with most adverse events limited to mild nausea and no vomiting, making it a promising option for wider use.

The company is continuing to explore higher doses of VK2735, with additional data expected to be unveiled at the upcoming ObesityWeek conference on November 3rd. These results could further bolster the case for VK2735 as a best-in-class obesity treatment, unlocking significant value for patients and shareholders alike.

The Case for Over-the-Counter Access

Viking Therapeutics’ innovation in GLP-1 therapy doesn’t stop with prescription options. A survey conducted among primary care physicians (PCPs) revealed that approximately 50% of respondents would support the availability of an oral obesity agent over-the-counter (OTC). This would be a game-changer, making obesity treatments far more accessible to a broader population, particularly those facing financial barriers.

The OTC potential for VK2735 is an exciting prospect that could attract partnerships with larger pharmaceutical companies, seeking to capitalize on this opportunity. Expanding access through OTC availability would not only improve patient outcomes but also extend the product’s life cycle, providing long-term value for VKTX.

Upcoming Catalysts and Investment Potential

Viking Therapeutics’ lead candidate, VK2809, a THR-β agonist for non-alcoholic steatohepatitis (NASH), continues to show promise as well. The company’s upcoming catalysts include additional data from VK2735 in the second half of 2024 and the initiation of a Phase 2 study. Moreover, the outcome of an End-of-Phase 2 (EOP2) meeting with the FDA for VK2809 in NASH could pave the way for continued development into Phase 3, further boosting VKTX’s potential valuation.

With a combination of promising drug candidates, upcoming clinical milestones, and a favorable market landscape, Viking Therapeutics presents a compelling investment opportunity. The company’s innovative approach to obesity and NASH treatments could unlock significant value not only for patients in need but also for investors seeking upside in a growing therapeutic market.

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