Full-year results reveal upward trajectory for Amgen

7 February 2024

Beating estimates for revenues and profits, Californian biotech Amgen (Nasdaq: AMGN) presented strong results for the final quarter and full year of 2023 on Wednesday.

For the fourth quarter, total revenues increased 20% to $8.2 billion, driven by 23% volume growth, partially offset by slightly lower prices.

Touting broad-based growth, the firm said nine brands achieved record sales in the quarter, including double-digit growth for Repatha (evolocumab), Evenity (romosozumab-aqqg), Prolia (denosumab) and Blincyto (blinatumomab).

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