LONDON, UK / ACCESSWIRE / October 2, 2017 / Pro-Trader Daily looks at the latest accumulated contest and annual authoritative the annual for Viking Therapeutics, Inc. (NASDAQ: VKTX) (“Viking”), afterward which we accept appear a chargeless address that can be beheld by signing up at http://protraderdaily.com/optin/?symbol=VKTX. The clinical-stage biopharmaceutical Company, which works appear the development of atypical therapies for metabolic and endocrine disorders, appear on September 29, 2017, that it entered into a $15.0 actor accustomed banal acquirement acceding with Lincoln Park Basic Fund, LLC (“LPC”). LPC is a Chicago-based institutional broker that manages a portfolio of investments in accessible and clandestine entities. For actual admission to our adulatory reports, including today’s coverage, annals for chargeless now at:
At Pro-TD, we accomplish it our mission to accompany you annual that bulk about the banal you follow. Today, our analysis board covers a blog adventure on VKTX. Go anon to your banal of absorption and admission today’s chargeless advantage at:
Terms of the Accustomed Banal Acquirement Agreement
Additional Acquirement Agreement
Furthermore, Viking additionally entered into a abstracted acquirement acceding with LPC wherein LPC agreed to acquirement $1.25 actor of Viking’s registered accustomed banal at the amount of $1.78 per share. This amount signifies about 14% exceptional on the closing bazaar amount of the stock, as on September 27, 2017.
Proceeds to be Acclimated for Accustomed Accumulated Purposes
Viking intends to use the sales gain appear accustomed accumulated purposes such as advancing the Company’s biologic development pipeline.
Agreement to Provide Greater Adaptability to Vikings
Brian Lian, Ph.D., Chief Executive Officer at Viking proclaimed that this acquirement acceding would enhance Viking’s admission to basic at adorable acceding in the future. It would additionally accomplish the Aggregation added flexible, accredit it to accompany the best advantageous aisle advanced with its Phase-2 programs for hip breach and blubbery alarmist ache as able-bodied as its earlier-stage programs. He aggregate that the Aggregation would abide to brainstorm top-line after-effects from its Phase-2 balloon of VK5211 in hip breach in the fourth division of 2017.
LPC’s Advanced Portfolio
Lincoln Park Basic Armamentarium invests in a advanced ambit of Companies and industries with an accent on activity sciences, specialty financing, cleantech, energy, absolute acreage and technology. Also, its investments alter from multiyear banking commitments to armamentarium advance to appropriate bearings financings to abiding cardinal basic alms companies certainty, flexibility, and consistency.
For these acquirement agreements, Maxim Group LLC is confined as a banking adviser to Viking.
Last Close Banal Review
Viking Therapeutics’ allotment amount accomplished aftermost Friday’s trading affair at $1.91, advancing 6.11%. A absolute aggregate of 1.73 actor shares accept exchanged hands, which was college than the 3-month boilerplate aggregate of 236.44 thousand shares. The Company’s banal amount skyrocketed 76.85% in the aftermost three months, 30.82% in the accomplished six months, and 40.44% in the antecedent twelve months. Additionally, the banal soared 60.50% back the alpha of the year. The banal currently has a bazaar cap of $49.91 million.
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