What's Happening With Amgen Stock? [Forbes]
Amgen Inc. (AMGN)
Last amgen inc. earnings: 4/30 04:01 pm
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Source: Forbes
SOPA Images/LightRocket via Getty Images Amgen stock (NASDAQ: AMGN) saw a 7% fall on Tuesday, November 12, after an update on the progress with its weight-loss drug — MariTide. An early-stage trial for the drug showed loss of bone density, which could be a potential safety risk. MariTide is an important experimental treatment for Amgen. Earlier this year, the company decided to scrap its obesity pill but move forward with an injection, and Amgen's management seems satisfied with the results so far. The company is planning for a late-stage clinical trial of its weight-loss injection. Amgen's injection could stand out despite rising competition in the weight-loss treatment market, given that the injection could help patients stop gaining weight even after they discontinue the treatment. [ ] Although the recent update didn't bode well with the investors, we think that the fall appears to be stretched. The bone density loss is a known side effect of weight loss drugs, and it seems to
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News
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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