BUZZ-Amgen falls after FDA's clinical hold on weight-loss drug study

Reuters
02-05
BUZZ-Amgen falls after FDA's clinical hold on weight-loss drug study

** Drugmaker Amgen's AMGN.O shares fall 2.8% to $281 in extended trading

** Company says U.S. FDA placed a clinical hold on an early-stage study for its experimental weight-loss drug AMG 513

** Amgen says discussions are underway on a path forward to reopen the study

** Company posts Q4 adj profit of $5.31/shr vs analysts' average est. of $5.08/shr - LSEG

** Up to last close, stock down 10.2% in the last 12 months

(Reporting by Christy Santhosh)

((Christy.Santhosh@thomsonreuters.com))

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