Apr 23rd, 2009 - Wall Street Journal
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Amgen Inc.'s first-quarter net income fell 7.4% as product sales slumped, prompting the company to lower its revenue projection for the year.
"Our first-quarter sales were affected by the continued deterioration of the global economy, which has led to changes in patient and physician behavior," said Kevin Sharer, the company's chairman and chief executive.
Drug companies, like most everyone else, are suffering from weak economic conditions that market-research firm IMS Health Inc. said will likely cause the U.S. pharmaceutical market to shrink ...
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