Amgen: Blockbusters, Emerging Therapies, And Investment Potential

Jan. 05, 2025 7:18 PM ETAmgen Inc. (AMGN) Stock2 Comments
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BioCGT Investor
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(22min)

Summary

  • Amgen's strong product portfolio and pipeline developments, including, but not limited to, IMDELLTRA and MariTide, support a "Strong Buy" rating for long-term investors despite upcoming patent expirations.
  • The company reported 24% YoY revenue growth in Q3 2024, with 10 products generating over $1 billion in revenue and six showing over 30% growth.
  • Financial health remains robust with a 22% revenue increase in 9M 2024, though net income decreased due to Horizon Therapeutics acquisition costs.
  • Risks include Prolia's patent expiration and potential litigation impacts on BLINCYTO, but promising pipeline assets are expected to offset these challenges.

Rising Medicine Cost

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Thesis

Amgen Inc. (NASDAQ:AMGN) is a biotechnology powerhouse with an excellent track-record on developing and commercialising products targeting four main therapeutic areas: general medicine, rare disease, oncology and inflammation/immunology. In their Q3 2024 financial report, the company showed 24% revenue

This article was written by

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772 Followers
Originally a Biologist, M.Sc in Biomedicine, PhD in Bioengineerings, and +20 years experience in the research and development of novel Cell & Gene Therapies (CGT) tackling several clinical needs including orthopaedics and rare diseases. As an investor, I have been utilising my background in life sciences to assess the potential of novel treatments, including those using CGT, as well as, their capacity to drive shareholders' returns. Thus, as SA analyst, I will be focusing on analysing biotechnology, pharmaceutical, Medtech and healthcare stocks, providing you with my view of the company.Disclosure: I am associated with another SA contributor, "Euro Invest." Each of us works independently, and we adhere to Seeking Alpha’s Shared Association Guidelines.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMGN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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