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Amgen's Weight-Loss Drugs Market Entrance
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Amgen's stock slumps as it enters the weight-loss drugs market, facing competition from industry leaders Lilly and Novo. Preclinical results show potential competition, with analysts expecting no sales by 2028. Amgen's stock is trading at a record high.
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How might Amgen's entry into the weight-loss drugs market impact the competitive landscape in the industry?
What implications does Amgen's stock performance have for investor confidence in the pharmaceutical industry?
What strategies could Amgen employ to differentiate itself and gain a competitive edge in this market?
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