Amgen said on Monday its experimental cancer therapy, when combined with chemotherapy, met the main goal in a late-stage trial.
Amgen aims to challenge obesity drug leaders with MariTide, a potential monthly treatment now in late-stage trials.
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Amgen stock (NASDAQ:AMGN) fell 6% on Monday, June 23, 2025, after mid-stage clinical trial results for its long-acting experimental obesity drug, MariTide, revealed a need for a low starting dose to mitigate side effects like vomiting. Amgen plans to proceed with Phase 3 trials, initiating patients on a lower dosage that will gradually increase with an eight-week dose escalation period.
Amgen Inc. (NASDAQ:AMGN ) Special Call (IR Call) Conference June 23, 2025 5:30 PM ET Company Participants Justin Claeys - Vice President of Investor Relations James Bradner - Executive Vice President of Research & Development Susan Sweeney - Executive Vice President of Obesity & Related Conditions Murdo Gordon - Executive Vice President of Global Commercial Operations Conference Call Participants Salveen Richter - Goldman Sachs Group, Inc., Research Division Michael Yee - Jefferies LLC, Research Division Yaron Werber - TD Cowen, Research Division Terence Flynn - Morgan Stanley, Research Division Trung Huynh - UBS Investment Bank, Research Division Evan Seigerman - BMO Capital Markets Equity Research David Amsellem - Piper Sandler & Co., Research Division David Risinger - Leerink Partners LLC, Research Division Umer Raffat - Evercore ISI Institutional Equities, Research Division Taylor Hanley - JPMorgan Chase & Co, Research Division Matthew Phipps - William Blair & Company L.L.C., Research Division Courtney Breen - Sanford C.
In the latest trading session, Amgen (AMGN) closed at $272.44, marking a -5.84% move from the previous day.
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Despite the weak performance of Amgen's rare disease portfolio, it once again beat consensus non-GAAP EPS and revenue estimates. So, the main contributors to strengthening Amgen's balance sheet and improving its margins in the first quarter of 2025 were Blincyto, Tezspire, Prolia, and Imdelltra. In its oncology franchise, I highlight Imdelltra as the 'crown jewel,' with sales of $81 million in the first three months of 2025, up 20.9% quarter-on-quarter.
Amgen (AMGN) closed at $297.29 in the latest trading session, marking a +1.88% move from the prior day.
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Amgen Inc. (NASDAQ:AMGN ) Goldman Sachs 46th Annual Global Healthcare Conference Call June 10, 2025 9:20 PM ET Company Participants James E. Bradner - Executive Vice President of Research & Development Justin G.