Monday, March 20, 2017

Amgen Inc. (AMGN) Sank To A 1-Month Low After Repatha Study

Amgen Inc. (AMGN) announced Friday morning that the 27,564-patient study of Repatha found that adding the drug to optimized statin therapy resulted in a statistically significant 20 percent reduction in heart attack, stroke or cardiovascular death. While the results were encouraging, analysts frowned upon the hefty price tag the drug will carry.

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