Amgen's stock price has dropped, analysts warn that the speculation on weight loss drugs has already been digested by the market.
Amgen Inc.'s stocks fell on Monday as an analyst no longer holds a positive view on this biotechnology giant. The concern is that investors' optimism about the candidate obesity drug has already been priced into the stock, with more downside risks than upside opportunities. Truist analyst Srikripa Devarakonda downgraded the stock from a buy rating for the past 11 months to a hold. However, she raised the target price from $320 to $333, but the new target price is only 1.4% higher than last Friday's closing price. The stock declined 1.1% in pre-market trading on Monday, following last Friday's gain.
eli lilly and co (LLY.US) shifts investment focus to europe, investing 0.36 billion US dollars in the biotechnology sector in the united kingdom.
The pharmaceutical giant will also study the promotion of anti-obesity drugs in the united kingdom; the Labour government in the united kingdom is trying to attract more foreign investment.
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The good news for the obese population in the USA: FDA is considering allowing the combination version of eli lilly and co (LLY.US) weight loss drug.
(FDA) agreed on Friday to reconsider the decision made last month, which banned private drug compounders from selling their own compounded versions of eli lilly and co's weight loss and diabetes treatment drugs.
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Express News | Weight loss drug manufacturer Zealand Pharma: the company is targeting the "next generation" of weight loss drugs.
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Are the side effects of GLP-1 drugs too severe? Danish pharmaceutical company Zealand is advancing the "next generation of weight loss drugs".
①Although novo-nordisk a/s and eli lilly and co's drugs are very effective in weight loss, the side effects they bring should not be ignored, including significant muscle loss and increased suicidal thoughts; ②Danish pharmaceutical company Zealand stated that a weight loss drug they are currently developing has higher weight loss quality - less muscle loss and fewer side effects.
Danish weight-loss drug newcomer accelerates the promotion of the "next generation weight-loss drug". Will the monopoly of "Norley" be broken?
Novo Nordisk and Eli Lilly's strong competitor Zealand Pharma announced the heavyweight launch of its obesity drug substitute: this is our "imperium crown gem".
U.S. stocks closed: The three major indexes are "unconcerned" about the bearish data, with Chinese concept stocks rebounding after the decline.
①Both inflation and unemployment data exceeded expectations, leading to a slight decline in the three major US stock indexes; ②The Nasdaq China Golden Dragon Index stabilized and rebounded; ③AMD released a competitor to nvidia in the AI chip market, causing a drop in stock price; ④A weight loss platform offering a "budget version of GLP-1 medication" saw continuous stock price increases, with analysts warning of risks.
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