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Viking Therapeutics | 10-Q: Q3 2024 Earnings Report

Viking Therapeutics | 10-Q: Q3 2024 Earnings Report

Viking Therapeutics | 10-Q:2024财年三季报
美股SEC公告 ·  2024/10/24 05:05

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Viking Therapeutics reported a net loss of $24.9 million for Q3 2024, compared to a $22.5 million loss in Q3 2023. Research and development expenses increased 24% to $22.8 million, while general and administrative expenses rose 55% to $13.8 million. The company ended the quarter with cash, cash equivalents and investments of $930.4 million.The company made significant progress across its clinical programs, including positive Phase 2 VENTURE trial results for VK2735 in obesity and Phase 2b VOYAGE trial results for VK2809 in MASH/NASH. Based on FDA feedback, Viking plans to advance subcutaneous VK2735 into Phase 3 development. Additionally, the company reported positive results from its Phase 1b trial of VK0214 in X-ALD patients.Management strengthened the company's financial position through a successful public offering in March 2024, raising net proceeds of $597.1 million. The company believes its current cash position will fund operations through at least December 2025. Viking continues to advance its pipeline while maintaining a strong balance sheet to support ongoing clinical development programs.
Viking Therapeutics reported a net loss of $24.9 million for Q3 2024, compared to a $22.5 million loss in Q3 2023. Research and development expenses increased 24% to $22.8 million, while general and administrative expenses rose 55% to $13.8 million. The company ended the quarter with cash, cash equivalents and investments of $930.4 million.The company made significant progress across its clinical programs, including positive Phase 2 VENTURE trial results for VK2735 in obesity and Phase 2b VOYAGE trial results for VK2809 in MASH/NASH. Based on FDA feedback, Viking plans to advance subcutaneous VK2735 into Phase 3 development. Additionally, the company reported positive results from its Phase 1b trial of VK0214 in X-ALD patients.Management strengthened the company's financial position through a successful public offering in March 2024, raising net proceeds of $597.1 million. The company believes its current cash position will fund operations through at least December 2025. Viking continues to advance its pipeline while maintaining a strong balance sheet to support ongoing clinical development programs.
Viking Therapeutics在2024年第三季度报告净亏损2490万元,相比于2023年第三季度的2250万元亏损。研发费用增加了24%,达到2280万元,而一般及管理费用上升了55%,达到1380万元。公司在本季度末的现金、现金等价物和投资总额为93040万元。公司在其临床项目中取得了重大进展,包括VK2735在肥胖症中的积极第二阶段创业公司试验结果和VK2809在MASH/NASH中的第二阶段20亿试验结果。根据FDA的反馈,Viking计划推进VK2735的皮下给药进入第三阶段开发。此外,公司还报告了VK0214在X-ALD患者中的第十亿阶段试验的积极结果。管理层通过在2024年3月进行成功的公开募股,增强了公司的财务状况,净募资59710万元。公司相信目前的现金状况将支持运营直到至少2025年12月。Viking继续推进其研发管线,同时保持强劲的资产负债表以支持持续的临床开发项目。
Viking Therapeutics在2024年第三季度报告净亏损2490万元,相比于2023年第三季度的2250万元亏损。研发费用增加了24%,达到2280万元,而一般及管理费用上升了55%,达到1380万元。公司在本季度末的现金、现金等价物和投资总额为93040万元。公司在其临床项目中取得了重大进展,包括VK2735在肥胖症中的积极第二阶段创业公司试验结果和VK2809在MASH/NASH中的第二阶段20亿试验结果。根据FDA的反馈,Viking计划推进VK2735的皮下给药进入第三阶段开发。此外,公司还报告了VK0214在X-ALD患者中的第十亿阶段试验的积极结果。管理层通过在2024年3月进行成功的公开募股,增强了公司的财务状况,净募资59710万元。公司相信目前的现金状况将支持运营直到至少2025年12月。Viking继续推进其研发管线,同时保持强劲的资产负债表以支持持续的临床开发项目。
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