QUICK SPARK: Amgen Stock Eyes Worst Day Since October 2000
Amgen sank 9.8% Tuesday after Novartis' pelacarsen missed its Phase 3 endpoint, casting doubt on rival Lp(a) drug olpasiran.
A medicine test failed for a competitor, making people worried that Amgen's similar medicine might not work as well either. When big questions pop up about whether a company's important new product will succeed, the stock price can drop fast.
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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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