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Amgen Inc. (AMGN) Presents at Goldman Sachs 46th Annual Global Healthcare Conference Transcript
AmgenAmgen(US:AMGN) Seeking Alphaยท2025-06-10 21:28

Core Insights - Amgen Inc. is experiencing positive momentum in its business as the first half of 2025 approaches its conclusion [3] - The company reported a 9% increase in first-quarter revenues and a 24% rise in non-GAAP EPS year-over-year, driven by strong performance across its product portfolio [4] - Fourteen products within Amgen's portfolio achieved double-digit growth in the first quarter of 2025 [4] Financial Performance - First-quarter revenues reached a growth of 9% year-over-year [4] - Non-GAAP EPS increased by 24% compared to the previous year [4] - Repatha, a key product, generated $656 million in revenue for Q1 2025, marking a 27% increase [4] Market Context - Cardiovascular disease continues to be a leading cause of mortality globally, which supports the ongoing demand for Amgen's products [5]