Novo Slides as Amgen Update Fuels Obesity Drug Competition Fears [BNN Bloomberg (Canada)]
Amgen Inc. (AMGN)
Last amgen inc. earnings: 4/30 04:01 pm
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Source: BNN Bloomberg
The stock fell as much as 4.9%, the most in six months, after Amgen Inc.'s chief executive officer said he was “very encouraged” by early results from a study of MariTide. That added to Thursday's 2.7% decline after the Danish drugmaker reported sales of its Wegovy weight-loss drug that missed analysts' elevated expectations. Optimism over soaring sales of the Wegovy and Ozempic drugs have seen Novo's market capitalization surpass $500 billion this year, reinforcing its position as Europe's most valuable listed company. The stock has more than quadrupled since the start of 2020. Amgen shares soared 13% in premarket trading on Friday following the comments from CEO Robert Bradway on a post-earnings conference call. Read: Amgen Soars After CEO Gives Update on Experimental Obesity Drug However, Barclays Plc analyst Emily Field said it's too early to judge the competitive threat to Novo or Eli Lilly & Co., maker of obesity treatment Zepbound. “As of today, we see no cause for c
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AMGN
News
- Amgen Inc. (NASDAQ: AMGN) had its "buy" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $380.00 price target on the stock.MarketBeat
- Amgen Inc. (NASDAQ: AMGN) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- NK Cell Therapy Clinical Trial Pipeline Appears Robust With 140+ Key Pharma Companies Actively Working in the Therapeutics Segment | DelveInsight [Yahoo! Finance]Yahoo! Finance
- AMGEN TO PRESENT AT THE 2024 UBS GLOBAL HEALTHCARE CONFERENCEPR Newswire
- Biosimilars Market Industry Report 2024 - Rising Demand for Biosimilars as a Cost-effective Alternative has Promoted the Need for Increased In-house Development and Outsourcing Operations [Yahoo! Finance]Yahoo! Finance
AMGN
Earnings
- 10/30/24 - Beat
AMGN
Sec Filings
- 11/6/24 - Form 4
- 11/6/24 - Form 4
- 11/6/24 - Form 4
- AMGN's page on the SEC website