Amgen Delivers Solid Q3 Sales, Little Insight On Key R&D Programs

Question Of Omecamtiv, Sotorasib Filing Plans Unanswered

Amgen had a good third quarter despite some COVID-19 impacts but did not shed any light on filing plans for two key late-stage programs nor provide any insight into Phase III asthma results for tezepelumab.

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Amgen left questions unanswered regarding sotorasib, omecamtiv and tezepelumab

Amgen, Inc.’s third quarter financials generally met or beat analyst consensus despite COVID-19 impacts on individual product sales and the company essentially maintained its revenue guidance for 2020. However, investors’ biggest questions going into Amgen’s 28 October earnings call about three key late-stage programs remained unanswered.

The company did not say whether it will seek accelerated approval from the US Food and Drug Administration for sotorasib (AMG 510) in the treatment of non-small cell lung cancer...

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