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0.00185592953759036 0.00128971374646105 -0.000283107895564743 -0.00031456432840523 -0.00261088392576295 0.00314564328405159 -0.00283107895564654 -0.00597672223969812
Stock impact report

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 Check Earnings Report
US:NASDAQ Investor Relations: investors.amgen.com
Company Research 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 Show less Read more
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