Viking Therapeutics Inc buy stratec

Viking Therapeutics is undervalued

At the end of November the company announced positive results from a 12-week mid-stage study evaluating VK5211 in patients who recently suffered a hip fracture. The drug candidate is an orally
available, non-steroidal selective androgen receptor modulator (SARM) which was created to stimulate bone and muscle formation with a reduction of activity in peripheral tissues.

Jay Magaziner, PhD, MSHyg, Professor and Chair, Department of Epidemiology and Public Health at the University of Maryland School of Medicine, had the following commentary:

The degree of improvement in lean body mass in this group of older persons who are prone to losing muscle is impressive. Having a drug like this available that can be taken easily and safely soon after hip fracture would provide a valuable adjunct to other therapeutic strategies such as physical therapy and a protein-rich diet to boost patients' chances for resuming usual activities.

In the future one can expect further updates on endpoints including exploratory measures of functional performance. Considering that the drug candidate could have blockbuster potential and even if peak sales were $500 million to be ultra conservative, based on this one candidate alone it would seem the company is undervalued. According to the company there are around 300,000 patients per year in the United States for the target indication.