Why Viking Therapeutics is thriving in the $150 billion weight loss drug market

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Novo Nordisk News

Matt Higgins,Eli Lilly,Market Cap

Big pharma has been chasing the GLP-1 craze, with Novo Nordisk and Eli Lilly in the lead. One investor says a smaller player could have the 'holy grail' for ...

Over the last year, Lilly and Novo shares are up 72% and 44%, respectively. By market cap, Novo is the largest company in Europe while Lilly ranks eighth among US companies with a market cap of $900 billion.

Another big contrast with the pharma giants is that Viking doesn't yet have any revenue because its treatments are still in development. And as of June, the company didn't even have 30 full-time employees; combined, Novo and Lilly employ more than 100,000 people. Lydia Ko captured her third major title — and first in eight years — by breaking free from a logjam of world-class talent to win the Women’s British Open at the home of golf on Sunday, capping a summer when she also took gold at the Olympic Games. The 27-year-old Kiwi rolled in a left-to-right birdie putt at the storied 18th hole on the Old Course at St.

 

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