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Amgen shares fall after trial failure clouds cholesterol-drug prospects

Amgen shares fell 10% after a Novartis trial failure raised concerns about the cholesterol-drug class; Novartis shares reportedly fell 14%. The development affected major pharmaceutical companies and investor expectations.

By DoomRadar · Published on DoomRadar .

Why it matters

The trial result could alter valuations and expectations across the cholesterol-treatment market.

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  1. Amgen Falls 10% as Novartis Trial Failure Clouds a Cholesterol Drug Class; NVS Stock Drops 14% ↗finance.yahoo.com · Recorded source date: Sep 10, 2026, 5:02 AM UTC

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EARLIER READING

Novartis shares fall after pelacarsen trial failure

Novartis shares fell 1.9% after failure of the pelacarsen trial erased CHF4.9 billion in market value. The setback affects development of the company's cardiovascular treatment candidate.

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