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 after an analyst no longer holds a bullish view on this biotechnology giant, citing concerns that investor optimism about a candidate obesity drug has been reflected in the stock price, with more downside risks than upside opportunities. Truist analyst Srikripa Devarakonda downgraded the stock from buy for the past 11 months to 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 traded down 1.1% in pre-market trading, following a rise last Friday
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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Zealand Pharma is developing a new generation of obesity drug substitutes.
Danish biotechnology company Zealand Pharma is targeting the "next generation" of weight loss drugs. Meanwhile, competitors from various backgrounds are pouring into this weight loss drug market dominated by heavyweight companies novo-nordisk a/s and eli lilly and co. Zealand Pharma CEO Adam Steensberg stated that compared to traditional glp-1 receptor agonist treatment methods, early trials indicate that their experimental weight loss injection has higher weight loss quality - with less muscle loss and fewer side effects. He added that the company is now looking for a global pharmaceutical company to partner with.
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Is the side effect of GLP-1 drugs too big? Danish pharmaceutical company Zealand advances "next-generation weight loss drugs"
①Although novo-nordisk a/s and eli lilly and co's drugs are effective in weight loss, the side effects they bring should not be ignored. Currently known side effects include significant muscle loss and increased suicidal thoughts; ②Danish pharmaceutical company Zealand states that a weight loss drug they are developing has higher quality in weight loss - less muscle loss and fewer side effects.
U.S. stocks closed: The three major indices are "unconcerned" about the bearish data, Chinese concept stocks rebounded from the downturn.
①Both inflation and unemployment data exceeded expectations, causing a slight decline in the three major U.S. stock indexes; ② The Nasdaq China Golden Dragon Index stabilized and rebounded; ③ AMD released a competitor to Nvidia in the AI chip market, causing a drop in stock price; ④ A weight-loss platform offering a 'budget version GLP-1 medication' saw continuous stock price increase, with analysts warning of risks.
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