Amgen Stock Sinks as Obesity Drug Test Results Fail To Meet Expectations
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Amgen's stock dropped after its experimental obesity drug failed to meet expectations in a recent test.
November 26, 2024 | 8:00 pm
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Amgen's stock fell due to disappointing results from a test of its experimental obesity drug, which did not meet expectations.
The stock price of Amgen is likely to decline in the short term as the market reacts negatively to the news that its experimental obesity drug did not meet expectations. This is significant for investors as it impacts the potential future revenue from this drug.
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IMPORTANCE 80
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