Upcoming data from a mid-stage study of Amgen's experimental weight-loss drug MariTide will shed light on how well it might measure up against the popular GLP-1 drugs sold by Eli Lilly and Novo Nordisk.
With the recent spike in implied volatility, an iron condor on Amgen can use short strikes with a wide profit range. The post Amgen Stock Has High Implied Volatility.
Amgen's stock dropped nearly 15% last week due to safety concerns about its GLP-1 candidate MariTide. Amgen's management and analysts downplayed the bone mineral density concerns, emphasizing MariTide's potential and its ongoing Phase II study, which will be reported soon. Amgen's Q3 earnings call highlighted MariTide's promise, with plans for a broad Phase III program targeting obesity and typ...
Its future is bright, but that doesn't mean it'll always be smooth sailing.
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