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AMGNNVSBEARISHFLIPPEDWSJ WHAT'S NEWS · BULLISH IN AUGUST → BEARISH IN SEPTEMBER

Amgen hit by Novartis drug trial setback

Amgen's stock suffered a sharp decline after a clinical trial setback for a similar heart disease drug from Novartis cast doubt on the entire drug class.

WSJ WHAT'S NEWS CHANGED ITS VIEW

BULLISH FOR 4 WEEKS, THEN THE TURN
THEN8 AUG · BULLISHThe report argued Amgen raised its full-year forecast and beat revenue expectations significantly, driven by strong sales of existing treatments, despite ending development on an obesity drug.NOW8 SEP · BEARISHAmgen's stock suffered a sharp decline after a clinical trial setback for a similar heart disease drug from Novartis cast doubt on the entire drug class.

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