Mar. 4 at 7:22 PM
Truist reiterated
$VKTX Buy/
$75, and said, We hosted VKTX mgmnt for NDR.
LLY
$NVO $GPCR
Truist added—The mood was upbeat as VK2735 was riding high on a winning combo of GLP+GIP as demonstrated by the recent REDEFINE4 toplined by NOVO. In this backdrop, mgmnt is executing on ongoing and forthcoming Ph3 programs for both SQ & oral VK2735. Offering of SQ and oral as well as monthly maintenance regimen of VK2735 could offer a comprehensive "closed-loop obesity ecosystem" with a commercial edge.
Bottom line, VKTX is marching towards what could very well be the most consequential data readout in the obesity pipeline over the next 12 to 18 months. We encourage investors to revisit the story as we see near-term catalysts for the stock. Reit BUY.