Amgen second-quarter revenue rises 6%, shares fall 2%

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Amgen second-quarter revenue rises 6%, shares fall 2%
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Amgen Inc on Tuesday reported second-quarter revenue rose 6% as higher sales of newer drugs, including recently-added psoriasis treatment Otezla, offset declining sales of older medicines.

FILE PHOTO: An Amgen sign is seen at the company's office in South San Francisco, California October 21, 2013. REUTERS/Robert Galbraith/File Photo

“The pandemic interrupted many physician-patient interactions, which led to delays in diagnosis and treatment with varying degrees of impact across our portfolio,” the company said in a statement. Total revenue for the quarter of $6.2 billion was in line with the average Wall Street estimate as compiled by Refinitiv.

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