Down 44%, Should You Buy the Dip on Viking Therapeutics?

Viking Therapeutics (NASDAQ: VKTX) soared to the forefront almost two years ago when it announced data on an investigational drug to serve an area of high need: weight loss. The biotech's candidate met the goals of its phase 2 trial, bringing it a step closer to entering this market that analysts say may approach $100 billion by the end of this decade.Viking's stock surged more than 100% in one trading session after announcing its clinical trial progress and as investors speculated that it would be the next to challenge weight loss market leaders Novo Nordisk and Eli Lilly -- or be acquired by a company eager to get into this lucrative space.Since, though, the stock progressively has lost those gains, and over the past year, it's declined 44%. Meanwhile, Viking's weight loss program -- the injectable I mentioned above and an oral version -- continues to deliver promising results, keeping the company on track to commercialization. Does this make Viking a buy on the dip? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool