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the first few months of the year, but have since rebounded significantly. In contrast, biotech giant Amgen (NASDAQ: AMGN) started the year strong, but has not maintained that momentum. Over the past six months, Amgen's shares have declined by 9%. The drugmaker is facing some issues, including upcoming patent cliffs.Even so, there remain strong reasons to invest in Amgen and hold on to its shares for the long haul. Let's consider four of them.Amgen lost patent protection for Prolia, a medicine for bone health, earlier this year. In the next few years, it will encounter other patent cliffs, including that of the cancer drug Krypolis and the immunosuppressant Otezla. The loss of exclusivity for these therapies will impact top-line growth, but as every drugmaker knows, the best way to overcome this challenge is to develop newer drugs.Amgen is working on that project. One of its more promising candidates is MariTide, an investigational weight management medicine. The anti-obesity market remains the hottest, fastest-growing therapeutic area in the pharmaceutical industry.Image source: Getty Images.While this market is dominated by the likes of Eli Lilly and Novo Nordisk, which also have the most promising pipeline candidates in the niche, MariTide appears to be one of the most promising mid-stage candidates. The medicine resulted in a mean weight loss of up to 20% over 52 weeks, with no plateau observed. Importantly, MariTide is administered subcutaneously once a month, whereas the current weight management leaders are taken weekly.A monthly medicine could attract a decent number of patients even with lower efficacy, thanks to its more favorable dosing schedule. According to some projections, MariTide could generate sales of up to $3.7 billion by 2030. So it could be a significant growth driver for Amgen in the next decade, helping the company overcome the loss of patent exclusivity for some of its current medicines.While MariTide might be the most promising candidate Amgen has, the company's pipeline is deep beyond this single product. The biotech leader boasts a few dozen ongoing programs, at least a handful of which should lead to new approvals and contribute to its overcoming patent cliffs.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,715.79 +0.44 (+0.01%)Dow 3046,758.28 +238.56 (+0.51%)Nasdaq22,780.51 -63.54 (-0.28%)Russell 20002,476.18 +17.69 (+0.72%)VIX16.65 +0.02 (+0.12%)Gold3,908.90 +40.80 (+1.05%)PortfolioSign in to access your portfolioSign inTop gainersMFH Mercurity Fintech Holding Inc. 29.41 +7.80 (+36.09%)LAC Lithium Americas Corp. 9.04 +2.18 (+31.78%)QUBT Quantum Computing Inc. 24.62 +4.64 (+23.22%)RUM Rumble Inc. 8.56 +1.17 (+15.83%)USAR USA Rare Earth, Inc. 25.96 +3.25 (+14.31%)Top losersHIMS Hims & Hers Health, Inc. 52.54 -5.33 (-9.21%)RBLX Roblox Corporation 122.69 -10.81 (-8.10%)MENS Jyong Biotech Ltd. 48.00 -4.00 (-7.69%)PLTR Palantir Technologies Inc. 173.07 -13.98 (-7.47%)LVS Las Vegas Sands Corp. 50.97 -4.08 (-7.41%)Most activePLUG Plug Power Inc. 3.8100 +0.9800 (+34.63%)OPEN Opendoor Technologies Inc. 8.11 +0.10 (+1.25%)LAC Lithium Americas Corp. 9.04 +2.18 (+31.78%)SNAP Snap Inc. 8.54 +0.32 (+3.89%)RGTI Rigetti Computing, Inc. 40.06 +4.66 (+13.16%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 123,288.11 +1,183.72 (+0.97%)ETH-USD Ethereum USD 4,548.70 +57.41 (+1.28%)SOL-USD Solana USD 232.14 +3.09 (+1.35%)DOGE-USD Dogecoin USD 0.26 +0.01 (+3.65%)XRP-USD XRP USD 3.02 +0.03 (+0.94%)Top economic events