Amgen Inc.’s investment sentiment has suddenly improved after a US court ruling found its patents for blockbuster rheumatoid arthritis drug Enbrel (etanercept) valid and enforceable, removing a big cloud that had weighed on the pharma's share price.
Amgen’s Future Looks Brighter After Ruling Lifts Threat Of Enbrel Copycat
Markets are re-assessing Amgen’s long-term value after a US judge upheld two patents relating to Amgen's blockbuster rheumatoid arthritis drug Enbrel, denying a challenge by Novartis and allowing investors to focus now on the pharma’s promising pipeline.
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