other material
confidence high
sentiment positive
materiality 0.85
Viking signs $150M manufacturing deal with CordenPharma for VK2735 supply
Viking Therapeutics, Inc.
- Viking prepays $150M over 2025-2028 for dedicated API and fill/finish capacity for obesity drug VK2735.
- CordenPharma commits to multi-ton annual API supply; dedicated lines for 100M autoinjectors and 100M vial/syringe units.
- Annual oral tablet capacity exceeds 1 billion units; capacities are expandable at Viking's option.
- Phase 3 subcutaneous VK2735 trial planned to start Q2 2025; oral Phase 2 VENTURE trial ongoing.