Movement Alert｜Amgen Rises 3.06% in Regular Trading, EU Approves Its Small Cell Lung Cancer Drug Imdylltra

Market Focus06-04 03:57

On June 4, Amgen rose 3.06% in regular trading, trading at $338.39/share, with trading volume of $498 million.

On the news front, the European Commission officially approved Amgen's Imdylltra® for the treatment of extensive-stage small cell lung cancer (ES-SCLC), providing patients with a new therapeutic option. The approval expands Amgen's commercial footprint in the oncology space and is expected to contribute a new revenue growth driver for the company, boosting market sentiment.

Within the Biotechnology sector where Amgen belongs, individual stocks generally trended positive. Among them, Abivax S.A. up 23.49%, Regeneron Pharmaceuticals up 2.61%, AbbVie up 1.2%, Gilead Sciences up 1.16%, Vertex Pharmaceuticals up 0.86%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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