Amgen shares are trading lower after following atopic dermatitis data, which some analysts noted did not meet expectations amid competition in the market.
Portfolio Pulse from Benzinga Newsdesk
Amgen's shares are declining due to atopic dermatitis data that failed to meet analysts' expectations, highlighting competitive pressures in the market.
September 25, 2024 | 2:34 pm
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Amgen's stock is experiencing a decline after the release of atopic dermatitis data that did not meet analysts' expectations, indicating challenges from market competition.
The release of atopic dermatitis data that did not meet expectations is a significant factor for Amgen, as it suggests potential difficulties in gaining market share against competitors. This has led to a negative reaction in the stock market, causing a decline in Amgen's share price.
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