The company has not recorded any revenues for the current as well as previous quarter.

Operating loss for the quarter was $3.26 million, compared with an operating loss of $4.29 million in the previous year period.

"The third quarter was an exciting and productive period at Viking. We continued to advance our lead Phase 2 clinical program, VK5211 for hip fracture, and have now opened 30 international sites to enrollment," stated Brian Lian, Ph.D., chief executive officer of Viking. "We also initiated our Phase 2 trial of VK2809 in patients with hypercholesterolemia and fatty liver disease, and have opened more than half of our planned 30 clinical sites. As we look ahead, we currently expect to have read outs from each study in the first half of next year. We also made important progress with our third program, VK0214, for X-linked adrenoleukodystrophy, and recently reported positive in vivo proof-of-concept data at a prestigious international conference. On the corporate side, we ended the quarter with more than $14 million in cash and entered into an agreement providing access to up to an additional $12 million in capital on attractive terms. This provides the company with stability and flexibility as we approach our important 2017 milestones."