Amgen Exec Says Spent $500M In Q2 On Capital Expenditures, Driven By Investments Across U.S. Manufacturing Sites; Continues To Expect Capital Expenditures Of About $2.6B In 2026 To Scale Manufacturing Capacity, Including For Maritide's Launch; Expect A Meaningful Sequential Increase In Operating Expenses In Q3
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Why It Matters
Amgen is spending lots of money to build and improve factories in the U.S., especially to make a new medicine called Maritide. When companies invest in factories, it usually means they believe their business will grow, but it also means less money for other things right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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