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Amgen Inc. stock: Pipeline pivot eyes $37-38B sales amid biosimilar risks
Amgen Inc. is strategically pivoting its pipeline to achieve $37-38.4 billion in sales by 2026, driven by next-generation drugs like the obesity candidate MariTide. This move is crucial for counteracting biosimilar erosion on its legacy products and positions Amgen as a resilient biotech play with strong dividend potential for global investors. The company aims to balance mature cash cows with innovative treatments in key areas like obesity and oncology, while maintaining robust financial health and attractive margins.