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Amgen's Q2 Sales Rise 9%, Earnings Beat Expectations Amid Strong Demand for Key Drugs

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Amgen's second-quarter sales rose 9%, driven by demand for cholesterol drug Repatha, bone drug Evenity and medications for rare diseases.

The California-based biotech company reported quarterly revenue of $10.1 billion, surpassing the average Wall Street estimate of $9.42 billion.

Adjusted earnings per share increased 4% from a year earlier to $6.29 per share, beating analysts' expectations of $5.62.

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