Amgen Boosts Full-Year Sales Forecast Following Horizon-Driven Revenue Surge

Revenue Growth::
Amgen reported a 20% increase in product sales for the second quarter, driven by a 26% volume growth.

Full-Year Forecast::
The company has raised its full-year sales forecast, citing the significant revenue jump from the Horizon acquisition.

Profit Margins::
Despite the revenue increase, Amgen's profit margins have narrowed due to higher expenses.

Horizon Acquisition::
The acquisition of Horizon has been a key driver of Amgen's revenue growth, contributing significantly to the company's sales performance.

Product Sales Performance::
Total product sales for the fourth quarter of 2023 increased by 20%, with volume growth of 23%, partially offset by a 3% lower net selling price.