Amgen sees no bone safety concerns around experimental obesity drug
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Amgen announced that its experimental obesity drug does not affect bone mineral density, addressing concerns that had previously led to a 7% drop in its stock price.
November 13, 2024 | 10:45 am
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POSITIVE IMPACT
Amgen clarified that its experimental obesity drug is not linked to changes in bone mineral density, countering concerns that caused a 7% stock drop.
The clarification from Amgen addresses the concerns that led to a significant stock price drop. This reassurance is likely to positively impact the stock as it alleviates investor fears about the drug's safety profile.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100