Amgen ‘very encouraged’ by data from weight-loss-drug trial, as stock jumps
Shares of Amgen Inc. rallied about 15% in the extended session Thursday after the drug manufacturer posted adjusted earnings above expectations and executives said they are “very encouraged” by preliminary data from a trial of an injectable weight-loss drug.
Amgen soars 16% after it talks up a new weight loss drug that could be injected monthly instead of weekly
Goldman Sachs said Amgen's experimental GLP-1 drug could have peak sales of $5 billion, or 5% of the estimated $100 billion weight loss drug market.
Amgen shares jump after teasing weight-loss drug data, rivals slip
Amgen shares jumped 14% premarket on Friday after the U.S. drugmaker hinted at encouraging interim trial data on its experimental obesity drug, denting rival stocks such as Novo Nordisk but leaving analysts frustrated over a lack of details.
Novo Nordisk: Wegovy, Ozempic prices fell in the first quarter
Wegovy prices in the United States were "slightly down" in the first quarter and Novo expects further decreases through the rest of 2024,
Blockbuster weight-loss drug Wegovy's sales just doubled — and could heat up even more with a price cut
Sales of Wegovy more than doubled in the first quarter year on year to $1.3 billion.
How the CFOs of Eli Lilly and Novo Nordisk are coping with ‘unprecedented demand’ for weight-loss drugs
And the demand isn't slowing down.
Novo Nordisk cuts price of weight loss drug Wegovy as competition heats up
Novo Nordisk cuts price of weight loss drug Wegovy as competition heats up on linkedin (opens in a new window)
Novo Nordisk drops 5% after rival Amgen teases weight-loss drug data
Shares in Danish drugmaker Novo Nordisk dropped as much as 5.3% on Friday, set for their biggest one-day fall since August 2022, after rival Amgen said it was encouraged by interim trial data on its experimental obesity drug.
Danish firm behind weight-loss drug Wegovy raises profit forecast to £15.3bn
Novo Nordisk, which is now Europe’s most valuable company, also reports strong sales of diabetes drug Ozempic
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