AMGN Stock Falls Despite Upbeat Data on Immunology Drugs: Here's Why
Amgen(AMGN) ZACKS·2024-09-27 00:41
Shares of Amgen (AMGN) fell by more than 5% on Wednesday after it reported top-line data on two different drugs in the autoimmune disease space. While the studies did meet their respective primary endpoints, Wall Street termed the results ‘lackluster’ and ‘underwhelming’.At a conference call on Tuesday, Amgen posted top-line data from two late-stage studies — HORIZON and MINT. The HORIZON study evaluated an investigational anti-OX40 therapy rocatinlimab in atopic dermatitis (AD or eczema) indication. In the ...