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Amgen Revenue Exceeds Expectations; Threats Remain Despite New Launches

This article was originally published in Scrip

Executive Summary

Amgen Inc. reported $5.7bn in third quarter revenue, exceeding analyst estimates by $400m and beating the year-ago period by 14%, but the growth was fueled by a combination of higher demand, product price increases and built-up inventories without significant contributions from new medicines.

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