Amgen updates underwhelm investors

26 September 2024

US biotech major Amgen rolled out senior executives and a swish presentation in providing an update on two of its drugs in Phase III trials this week.

But shares in the Californian firm closed more than 5% lower on Wednesday as investors questioned the strength of the prospects of the two immunology medicines.

The company’s experimental OX40 human monoclonal antibody rocatinlimab showed statistically-significant improvement versus placebo for patients with atopic dermatitis, a form of eczema.

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