Stocks were flat Tuesday as the market rally took another breather, with investors looking ahead to key data slated for release later this week.
Eli Lilly shares have been riding the excitement over anti-obesity drugs for quite a while, but not today. Shares were down slightly as investors rallied around Viking Therapeutics , a clinical stage biopharmaceutical company that is developing an oral drug that would compete with Lilly's Zepbound. Viking's therapy, VK2735, showed promising results in a phase 2 trial . Patients enrolled in the study tolerated the drug very well, with very few stopping treatment.
mountain Viking stock year to date. Viking shares were up more than 90% in recent trading. Even ahead of Tuesday's news, the stock has soared so far this year. Although Viking's results are promising, analysts believe the market is so vast for these drugs that there is an opportunity for additional players. Also both Novo Nordisk and Lilly, the market leaders, also have next-generation drugs in their pipeline.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live storm updates: Some schools remain closed Tuesday as 85K still without power in Bay AreaA number of schools in Sonoma County will remain closed Tuesday due to power loss and storm-related issues. Here's the latest.
Read more »
California Senate debate: How to watch it live on NBC 7 Tuesday Feb. 20NBC 7 will broadcast and stream a one-hour debate featuring four candidates vying for California's open U.S. Senate seat on Tuesday. Here's how to watch the…
Read more »
European markets lower as sentiment struggles; Barclays rises on earningsEuropean stocks were lower Tuesday as sentiment struggles to pick up in global markets.
Read more »
Jason Meade defense could begin TuesdayProsecutors in the Jason Meade murder trial could rest Tuesday, meaning the former Franklin County deputy's defense could begin.Meade is accused of shooting and
Read more »
Tuesday’s Digital Daily: February 6, 2024Tuesday’s Digital Daily: February 6, 2024
Read more »
Mega Millions numbers: Are you the lucky winner of Tuesday’s $365 million jackpot?Check your numbers to see if you hit it big in Tuesday's jackpot.
Read more »