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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Viking Therapeutics, Inc. – VKTX

January 26, 2022 GMT

NEW YORK, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Viking Therapeutics, Inc. (“Viking” or the “Company”) (NASDAQ: VKTX).   Such investors are advised to contact Robert S. Willoughby at   newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Viking and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

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On January 24, 2022, Viking filed a press release “announc[ing] that its Phase 1b clinical trial of VK0214 in patients with X-linked adrenoleukodystrophy (X-ALD) has been placed on clinical hold by the United States Food and Drug Administration (FDA)” and that “[t]he FDA has requested an additional preclinical study prior to continuing the Phase 1b study of VK0214 in X-ALD.”  Viking further stated that it “expects to provide the information to the FDA in the second quarter.” 

On this news, Viking’s stock price fell $0.25 per share, or 6.56%, to close at $3.56 per share on January 24, 2022.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:

Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980