Pro Research: Wall Street dives into Amgen's diverse biopharma strategies
Amgen Inc. continues to be a prominent force in the biopharmaceutical sector, focusing on developing innovative therapies for serious illnesses. The company's involvement in areas such as oncology, cardiovascular disease, bone health, neuroscience, nephrology, inflammation, rare diseases, and its strategic interest in the treatment of obesity, showcases its commitment to addressing a wide spectrum of medical challenges.
Will Amgen's strategic acquisitions and involvement in obesity treatment discussions drive future growth? InvestingPro Data shows that Amgen has a substantial market capitalization of $166.99 billion, reflecting its significant presence in the sector. Despite trading at a high earnings multiple with a P/E ratio of 44.42, the company's revenue has grown by 12.76% over the last twelve months as of Q1 2024. This growth is even more pronounced in the quarterly figure, with a 21.
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