11 Most Profitable NASDAQ Stocks to Buy Now

5. Amgen Inc. (NASDAQ:AMGN)

TTM Net Income as of June 13: $5.93 billion

Forward P/E Ratio as of June 13: 14.24

Number of Hedge Fund Holders: 69 

Amgen Inc. (NASDAQ:AMGN) is one of the 11 most profitable NASDAQ stocks to buy now. On June 2, Amgen announced new interim results from the global Phase 3 DeLLphi-304 trial for its drug IMDELLTRA (tarlatamab-dlle). The data were presented at the 2025 ASCO Annual Meeting and published in The New England Journal of Medicine.

It showed that IMDELLTRA reduced the risk of death by 40% and extended median overall survival by over 5 months compared to standard-of-care/SOC chemotherapy in patients with small cell lung cancer/SCLC who had progressed on or after one line of platinum-based chemotherapy. IMDELLTRA is a first-in-class targeted immunotherapy engineered by Amgen.

It binds to DLL3, which is a protein expressed on the surface of SCLC cells in ~85-96% of patients but minimally on healthy cells, and CD3 on T-cells. This dual binding activates T-cells to specifically target and kill DLL3-expressing SCLC cells. The DeLLphi-304 trial is a global Phase 3, randomized, controlled, and open-label clinical study. It enrolled 509 patients. The results support the potential conversion of IMDELLTRA’s accelerated FDA approval, which was granted last year based on tumor response rates, into a full approval.

Amgen Inc. (NASDAQ:AMGN) discovers, develops, and manufactures human therapeutics globally.