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LLY
Benzinga
7 hrs

Like Eli Lilly, Viking Therapeutics' Oral Weight Loss Drug Disappoints, Stock Tanks

1. Viking's VK2735 shows significant weight loss in Phase 2 trial. 2. LLY's orforglipron previously underperformed compared to VK2735 results. 3. VK2735 achieved up to 12.2% weight loss, safe and well-tolerated. 4. Analysts suggest VK2735 could capitalize on LLY's recent setback. 5. Viking's trial data reflects potential market competition for LLY.

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FAQ

Why Bearish?

Viking's positive results for VK2735 heighten competitive pressure on LLY. Historical scenarios show competition can severely impact market share.

How important is it?

The significant weight-loss data impacts LLY, especially after their previous results.

Why Short Term?

Immediate market reaction expected as investors adjust to Viking's promising data. Previous shifts indicated rapid adjustments after competitive trials.

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