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Amgen gains ground during first quarter

Increased demand, higher prices make 2015 outlook positive

It was a good first quarter for Amgen.

Product sales during the first quarter of 2015, were 12% higher, total revenue grew 11% and net income rose 34% when all compared to the same period last year, according to Medical Marketing & Media.

What is driving this? Experts say higher prices and increased demand are part of the reason.

Sales of Enbrel, a drug used to treat rheumatoid arthritis also rose 13%, whiles sales of Xgeva increase by 22%, in the first quarter of this year compared to last year during the same period, according to the article.

This comes as the company introduced its cardiovascular strategy, which includes a sales push of Corlanor, a heart failure medication recently approved by the FDA.

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