Novo Nordisk, Eli Lilly drop on Amgen competition concerns

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Novo Nordisk, Eli Lilly drop on Amgen competition concerns

) disclosed that it looked at AMG133's unblinded phase 2 interim trial and came away confident in 133's differentiated profile.

AMGN reported earnings after the close Friday, with analysts at Deutsche Bank stating that the company "notes 133's differentiation is relative to currently approved GLP1s and most importantly, those in the pipeline." "133 dominated the Q&A session and rightfully so, there's so much at stake and left to the imagination until 133's full Ph2 read out at year-end 24," stated Deutsche Bank.

Elsewhere, analysts at Barclays said they believe it's "far too early to really make any sort of conclusions" regarding the competitive profile of AMG 133.

 

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