AMGN Stock Down Despite Strong Data From Obesity Drug Study
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Amgen's stock (AMGN) is down despite positive results from a phase II study of its obesity drug, MariTide. The study showed sustainable weight loss, improvements in cardiometabolic parameters, and strong HbA1c reduction.
November 27, 2024 | 9:15 pm
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Amgen's stock is down despite positive phase II study results for its obesity drug, MariTide, which showed significant health benefits.
Despite the positive clinical data, the stock price of Amgen (AMGN) has decreased. This could be due to market expectations being higher than the results, or other external factors affecting the stock. The study results are promising, but the immediate market reaction is negative.
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