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Benzinga
Benzinga
Business
Henry Khederian

Amgen (AMGN) Stock Falls After Mixed MariTide Trial Update

Amgen AMGN Obesity
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Amgen Inc (NASDAQ:AMGN) shares are trading lower by 5.7% to $272.88 Monday afternoon after the company released full results from part one of its phase two study of MariTide, its investigational obesity treatment.

What To Know: The therapy, a long-acting, peptide-antibody conjugate administered monthly or less frequently, showed promising weight loss benefits but failed to boost investor confidence.

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