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57 days

Amgen Shares Fall on Weight-Loss Drug Tummy Troubles - Barron's

1. Amgen shares fell 6% after a weight-loss trial's disappointing results. 2. High dropout rates were reported due to gastrointestinal side effects. 3. MariTide is designed to be injected monthly, unlike competitors’ weekly options. 4. Phase 3 trials aim to reduce dropouts by ramping up doses slowly. 5. Average weight loss among patients was between 12% and 19.9%.

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FAQ

Why Bearish?

The significant drop in share price indicates investor disappointment, reminiscent of past drug trial failures impacting stock prices.

How important is it?

Trial results critically affect investor perception and future revenue potential, significantly influencing AMGN's valuation.

Why Short Term?

Current negative sentiment is directly tied to trial results, likely affecting stock price immediately.

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