Amgen's TEPEZZA Approved In Japan For Treatment Of Active Thyroid Eye Disease
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 25 2024
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Should l Buy AMGN?
Source: Business Insider
Approval of TEPEZZA in Japan: Amgen's TEPEZZA (Teprotumumab) has been approved by Japan's Ministry of Health for treating active Thyroid Eye Disease (TED), following a nine-month regulatory review due to its orphan drug designation.
Global Status of TEPEZZA: TEPEZZA is already approved in the U.S., Brazil, and Saudi Arabia, and is currently under review in Europe, Canada, and Australia, with its approval based on positive results from a Phase 3 clinical trial in Japan.
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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: 375.500
Low
280.00
Averages
363.10
High
425.00
Current: 375.500
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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