Amgen to Buy Human Heavy Chain Antibodies Biotech Teneobio

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  • #26624
    Super Harley
    Participant

    Amgen today announced it will acquire privately held,…

    [article]2570[/article]

    #26638
    Truman
    Participant

    Reads like a solid acquisition = the rats sound interesting

    #26976
    ThePitBoss
    Participant

    Morgan Stanley downgraded Amgen (AMGN) to Equal Weight from Overweight with a price target of $251, down from $280.

    While the firm is not changing his near-term forecasts and thinks management continues to run the business successfully, the firm believes more work needs to be done to improve the growth outlook after the mid-decade loss of exclusivity of Prolia, XGEVA, and Evenity and sees better risk/reward elsewhere based on a broad review of the stocks the firm covers.

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