# If Amgen moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/amgen · Facet: ripple · Updated: 2026-09-04T23:12:09.296557+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Amgen is directly linked to 4 companies (1 supply, 3 revenue relationships) and reaches 8 companies within two hops; the links are backed by 5 dated sources, 2 of them primary filings (as of 2026-09-04).

Amgen operates across S&P 500, Biotech, Prolia, Repatha, MariTide. It is +36.3% in 2026. The stock (+36.3%) and its supply side (avg -54.7%) are moving in step. R&D spend is $7.27B a year, 20.7% of product sales.

## Demand chain (leading)
- T1 Cardinal Health, Inc. (https://valuechain.wiki/cardinal-health.md)
- T2 CVS Health (https://valuechain.wiki/cvs-health.md)
- T3 Elevance Health, Inc. (https://valuechain.wiki/elevance-health.md)
- T1 McKesson Corporation (https://valuechain.wiki/mckesson.md)
- T2 Walmart Inc (https://valuechain.wiki/walmart.md)
- T3 UnitedHealth Group Incorporated (https://valuechain.wiki/unitedhealth-group.md)
- T1 Cencora, Inc. (https://valuechain.wiki/cencora.md)

## Supply chain (benefiting)
- T1 LigaChem Biosciences (https://valuechain.wiki/ligachem-biosciences.md)
- T2 Samsung Biologics (https://valuechain.wiki/samsung-biologics.md)
- T3 Samsung E&A (https://valuechain.wiki/samsung-e-a.md)
- T3 Danaher Corporation (https://valuechain.wiki/danaher.md)
- T2 Orion (https://valuechain.wiki/orion.md)

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Full node: https://valuechain.wiki/amgen.md · JSON: https://valuechain.wiki/amgen.json