Amgen Faces Lawsuit Over Discount Drug Sales Termination
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
0mins
Should l Buy AMGN?
Source: Benzinga
Amgen Inc's stock rose 3.65% and reached a 20-day high amid positive market conditions, with the Nasdaq-100 and S&P 500 both showing strong gains.
However, the company is facing a lawsuit from Sagebrush Health Services, which claims Amgen unlawfully terminated discounted drug sales, impacting its ability to serve over 10,000 patients. The lawsuit seeks over $7 million in damages and alleges that Amgen's actions compromised patient access to care by unilaterally determining ineligibility for the 340B Program without following federal processes.
This legal challenge could pose risks to Amgen's reputation and financial standing, potentially affecting investor confidence despite the current stock performance.
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Analyst Views on AMGN
Wall Street analysts forecast AMGN stock price to fall
24 Analyst Rating
14 Buy
9 Hold
1 Sell
Moderate Buy
Current: 369.190
Low
280.00
Averages
363.10
High
425.00
Current: 369.190
Low
280.00
Averages
363.10
High
425.00
About AMGN
Amgen Inc. is a biotechnology company. It discovers, develops, manufactures and delivers medicines for the toughest diseases. It focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve people’s lives. It operates in the human therapeutics segment. Its marketed products portfolio includes EPOGEN (epoetin alfa); Aranesp (darbepoetin alfa); Parsabiv (etelcalcetide); Neulasta (pegfilgrastim); KANJINTI (trastuzumab-anns); Otezla; BLINCYTO (blinatumomab); ACTIMMUNE (interferon gamma-1b); Neulasta (pegfilgrastim); Sensipar/Mimpara (cinacalcet); Prolia (denosumab); ENBREL; QUINSAIR (levofloxacin); Repatha (evolocumab) and others. It markets ENBREL, a tumor necrosis factor blocker, in the United States and Canada. It markets Otezla, a small molecule that inhibits phosphodiesterase 4, in many countries around the world. It markets Repatha, a proprotein convertase subtilisin/kexin type 9 (PCSK9) inhibitor, in many countries around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rising Patient Numbers: In 2024, approximately 53 million diagnosed cases of atopic dermatitis are expected in the 7MM, with the increase in patient numbers directly fueling the demand for advanced treatment options and promoting market growth.
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- Clinical Research Support: The approval is based on data from the MINT study, the largest Phase 3 trial for gMG, involving 238 patients, where 87.4% of UPLIZNA patients successfully reduced their steroid dosage to 5mg or less per day by week 26.
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- Webcast Availability: The presentation will be broadcast live over the internet, accessible to media, investors, and the public, ensuring broad dissemination of information, and will be archived on Amgen's website for at least 90 days for later viewing.
- Company Background: Founded over 45 years ago, Amgen is dedicated to discovering, developing, and manufacturing innovative medicines targeting cancer, heart disease, inflammatory conditions, rare diseases, and obesity, continuously pushing the boundaries of the biotechnology industry and showcasing strong market competitiveness.
- Industry Recognition: Amgen has been recognized for its innovation and workplace culture by Fast Company and Forbes, and is a constituent of the Dow Jones Industrial Average and Nasdaq-100 Index, highlighting its leadership and influence in the biopharmaceutical sector.
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Size Disclosure: The specific size of the offering has not been disclosed in the filing.
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