Viking Therapeutics Secures $706M Cash, Vanquish Trials Exceed 4,500 Enrollments

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Viking Therapeutics ended 2025 with $706 million in cash to fund Phase 3 VANQUISH trials for its subcutaneous VK2735, with VANQUISH-1 surpassing 4,500 patient enrollments and VANQUISH-2 nearing full enrollment. This robust cash position and accelerated enrollment pace set the stage for near-term clinical readouts and potential value catalysts.

1. Financial Results and Cash Position

Viking Therapeutics reported fourth quarter and full-year 2025 results, ending with $706 million in cash and investments to fund ongoing research and development initiatives.

2. VANQUISH Trial Enrollment Progress

Enrollment in its Phase 3 VANQUISH program for subcutaneous VK2735 advanced ahead of schedule, with VANQUISH-1 exceeding 4,500 patients and VANQUISH-2 approaching full enrollment.

3. Future Catalysts and Outlook

The strong cash runway and trial momentum positions the company for potential near-term catalysts from top-line data releases and regulatory milestones in its obesity portfolio.

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