Amgen falls after reporting mixed data on two drugs
** Shares of Amgen AMGN.O fall as much as 4.4% to a near two-month low of $316.22
** Stock is set for its worst day in nearly two months if losses hold
** Late on Tuesday drugmaker said its drugs Uplizna and rocatinlimab, for a rare muscular disorder and a skin disease, respectively, met the main goals in their late-stage studies
** However, results from its drug rocatinlimab for treating atopic dermatitis or eczema, fell short of its competitors' drugs, which have already been approved
** Results from the trial "appear to fall short" of already approved drugs like Eli Lilly's LLY.N Ebglyss and Sanofi SASY.PA-Regeneron's REGN.O blockbuster drug Dupixent - Brokerage BMO Capital Markets
** Brokerage Piper Sandler says it's tough to see Uplizna unseating rival Argenx' ARGX.BR Vyvgart, but believes the market to be sizable
** YTD, AMGN stock up 9.7%
Reporting by Puyaan Singh
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