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Market awaits more direction on Amgen despite positive earnings and guidance

This article was originally published in Scrip

Executive Summary

Despite issuing guidance for increased revenue and earnings per share (EPS) for 2013, Amgen's stock price took a small hit in after-hours trading when the company reported 2012 earnings gains on 23 January, but said it wouldn't offer many specifics around its growth strategy beyond currently marketed therapies until February.

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