Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Robbie Stephens Keeps 'Buy' on Amgen

Robertson Stephens reiterates its buy rating and the $77 one-year target on Amgen (AMGN ).

Amgen and Praecis Pharmaceuticals (PRCS) received FDA non-approvable letter for Plenaxis, and analyst Michael King says while the news is psychologically negative, he believes its should have little long-term impact for Amgen. Plenaxis is one of four launches in 2001 to 2003. He views any weakness in Amgen shares as a buying opportunity. King notes Amgen and Praecis will

further discuss with the FDA the necessary steps to be taken for

approval. He believes Amgen's Aranesp drug is key to Amgen's future top-line and bottom-line growth, and will be larger than any of other products combined.

blog comments powered by Disqus