AMGEN OPENS STATE-OF-THE-ART BIOMANUFACTURING SITE IN CENTRAL OHIO

Rhea-AI Summary

Amgen (AMGN) unveils its cutting-edge manufacturing facility, Amgen Ohio, in Central Ohio. The facility, spanning 300,000 square feet, will employ 400 staff, focusing on innovative biomedicines. Amgen aims for carbon neutrality by 2027, emphasizing sustainability. The site also supports the local community through job creation and a manufacturing apprenticeship program.

Insights

Market Research Analyst

The opening of Amgen's new manufacturing site in Central Ohio signifies a strategic expansion within the pharmaceutical industry. This move is likely to bolster Amgen's manufacturing capabilities, potentially reducing the lead time in drug supply chains and enhancing the company's ability to meet the increasing demand for biomedicines. With 400 new full-time positions, the facility not only contributes to the local economy through job creation but also through a substantial annual payroll estimated at $40 million. The emphasis on environmental sustainability aligns with the growing investor interest in companies with strong environmental, social and governance (ESG) practices.

From a market perspective, the increased production capacity may position Amgen favorably against competitors, especially in the biologics market which is known for its complexity and high entry barriers. The partnership with Columbus State Community College for an apprenticeship program is an innovative approach to talent acquisition and skill development in the biotech manufacturing sector, which may set a precedent for industry-wide educational collaborations.

Financial Analyst

The establishment of Amgen Ohio represents a significant capital investment, reflecting on Amgen's balance sheet and future cash flow projections. Investors should consider the implications of this capital expenditure on Amgen's financial health and its potential to drive long-term revenue growth. The investment in advanced technology and innovation is indicative of Amgen's commitment to maintaining a competitive edge in the biopharmaceutical sector. This could potentially lead to improved margins due to operational efficiencies and reduced production costs over time.

Moreover, the strategic location within the United States may offer Amgen certain tax advantages and reduce logistical expenses, which are critical factors in the highly regulated pharmaceutical industry. The facility's alignment with carbon neutrality goals might also attract impact investors who focus on sustainability as part of their investment criteria.

Environmental Sustainability Expert

Amgen's commitment to achieving carbon neutrality by 2027 is a significant undertaking, especially for a new manufacturing facility of this scale. The design of Amgen Ohio to meet the highest environmental sustainability standards is an ambitious move that could set a new benchmark for the pharmaceutical industry. The integration of green technologies and sustainable practices is likely to reduce the operational carbon footprint and could lead to cost savings in energy consumption.

Investors are increasingly scrutinizing the environmental impact of their investments and Amgen's proactive stance could enhance its reputation and appeal to a broader investor base. It is important to monitor how these sustainability measures translate into tangible outcomes and whether they meet the stated environmental objectives, as these can impact both the company's public image and its financial performance.

THOUSAND OAKS, Calif., Feb. 26, 2024 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today announced the opening of its manufacturing site in Central Ohio, the newest in its global operations network and the most advanced facility to date.

"Our new facility, known as Amgen Ohio, was designed with the latest innovation and technology to deliver safe, reliable medicines for 'every patient, every time,'" said Robert A. Bradway, chairman and chief executive officer at Amgen. "As part of Amgen's global biomanufacturing network, Amgen Ohio will play an important role in helping us address serious disease around the world with our innovative biomedicines."

The nearly 300,000-square-foot facility will employ 400 full-time staff. It also features open workspaces to foster collaboration and has been designed to meet the highest environmental sustainability standards, in support of Amgen's commitment to achieve carbon neutrality for all operations by 2027.  

"This new Ohio facility is a success story in advanced healthcare manufacturing and the Made-in-America supply chain we need to live and thrive," said Lt. Governor Jon Husted. "Winning this project for Ohio creates 400 high-paying jobs and a $40 million annual payroll, supporting families and further growing the Ohio economy."

Amgen is a strong supporter of the communities in which its staff members work and live. In partnership with Columbus State Community College, Amgen is hosting an inaugural 18-month manufacturing apprenticeship at the site. This program, designed for those new to the field or changing careers, offers a blend of classroom and practical training, aiming to expand opportunities for skilled individuals without the requirement for a formal bachelor's degree.

About Amgen 
Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology. 

Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world's leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential. 

Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average and is also part of the Nasdaq-100 index. In 2023, Amgen was named one of "America's Greatest Workplaces" by Newsweek, one of "America's Climate Leaders" by USA Today and one of the "World's Best Companies" by TIME.

For more information, visit Amgen.com and follow us on X (formerly known as Twitter), LinkedIn, Instagram, TikTok, YouTube and Threads.

Amgen Forward-Looking Statements
This news release contains forward-looking statements that are based on the current expectations and beliefs of Amgen. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including any statements on the outcome, benefits and synergies of collaborations, or potential collaborations, with any other company (including BeiGene, Ltd. or Kyowa Kirin Co., Ltd.), the performance of Otezla® (apremilast) (including anticipated Otezla sales growth and the timing of non-GAAP EPS accretion), our acquisitions of Teneobio, Inc., ChemoCentryx, Inc., or Horizon Therapeutics plc (including the prospective performance and outlook of Horizon's business, performance and opportunities, any potential strategic benefits, synergies or opportunities expected as a result of such acquisition, and any projected impacts from the Horizon acquisition on our acquisition-related expenses going forward), as well as estimates of revenues, operating margins, capital expenditures, cash, other financial metrics, expected legal, arbitration, political, regulatory or clinical results or practices, customer and prescriber patterns or practices, reimbursement activities and outcomes, effects of pandemics or other widespread health problems on our business, outcomes, progress, and other such estimates and results. Forward-looking statements involve significant risks and uncertainties, including those discussed below and more fully described in the Securities and Exchange Commission reports filed by Amgen, including our most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K. Unless otherwise noted, Amgen is providing this information as of the date of this news release and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.

No forward-looking statement can be guaranteed and actual results may differ materially from those we project. Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments involving current and future products, sales growth of recently launched products, competition from other products including biosimilars, difficulties or delays in manufacturing our products and global economic conditions. In addition, sales of our products are affected by pricing pressure, political and public scrutiny and reimbursement policies imposed by third-party payers, including governments, private insurance plans and managed care providers and may be affected by regulatory, clinical and guideline developments and domestic and international trends toward managed care and healthcare cost containment. Furthermore, our research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. We or others could identify safety, side effects or manufacturing problems with our products, including our devices, after they are on the market. Our business may be impacted by government investigations, litigation and product liability claims. In addition, our business may be impacted by the adoption of new tax legislation or exposure to additional tax liabilities. If we fail to meet the compliance obligations in the corporate integrity agreement between us and the U.S. government, we could become subject to significant sanctions. Further, while we routinely obtain patents for our products and technology, the protection offered by our patents and patent applications may be challenged, invalidated or circumvented by our competitors, or we may fail to prevail in present and future intellectual property litigation. We perform a substantial amount of our commercial manufacturing activities at a few key facilities, including in Puerto Rico, and also depend on third parties for a portion of our manufacturing activities, and limits on supply may constrain sales of certain of our current products and product candidate development. An outbreak of disease or similar public health threat, such as COVID-19, and the public and governmental effort to mitigate against the spread of such disease, could have a significant adverse effect on the supply of materials for our manufacturing activities, the distribution of our products, the commercialization of our product candidates, and our clinical trial operations, and any such events may have a material adverse effect on our product development, product sales, business and results of operations. We rely on collaborations with third parties for the development of some of our product candidates and for the commercialization and sales of some of our commercial products. In addition, we compete with other companies with respect to many of our marketed products as well as for the discovery and development of new products. Discovery or identification of new product candidates or development of new indications for existing products cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate or development of a new indication for an existing product will be successful and become a commercial product. Further, some raw materials, medical devices and component parts for our products are supplied by sole third-party suppliers. Certain of our distributors, customers and payers have substantial purchasing leverage in their dealings with us. The discovery of significant problems with a product similar to one of our products that implicate an entire class of products could have a material adverse effect on sales of the affected products and on our business and results of operations. Our efforts to collaborate with or acquire other companies, products or technology, and to integrate the operations of companies or to support the products or technology we have acquired, may not be successful. There can be no guarantee that we will be able to realize any of the strategic benefits, synergies or opportunities arising from the Horizon acquisition, and such benefits, synergies or opportunities may take longer to realize than expected. We may not be able to successfully integrate Horizon, and such integration may take longer, be more difficult or cost more than expected. A breakdown, cyberattack or information security breach of our information technology systems could compromise the confidentiality, integrity and availability of our systems and our data. Our stock price is volatile and may be affected by a number of events. Our business and operations may be negatively affected by the failure, or perceived failure, of achieving our environmental, social and governance objectives. The effects of global climate change and related natural disasters could negatively affect our business and operations. Global economic conditions may magnify certain risks that affect our business. Our business performance could affect or limit the ability of our Board of Directors to declare a dividend or our ability to pay a dividend or repurchase our common stock. We may not be able to access the capital and credit markets on terms that are favorable to us, or at all.

CONTACT: Amgen, Thousand Oaks 
Elissa Snook, 609-251-1407 (media)
Jessica Akopyan, 805-440-5721 (media) 
Justin Claeys, 805-313-9775 (investors) 

 

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SOURCE Amgen

FAQ

What is the name of Amgen's newest manufacturing site in Central Ohio?

Amgen's newest manufacturing site in Central Ohio is known as Amgen Ohio.

How many full-time staff will Amgen Ohio employ?

Amgen Ohio will employ 400 full-time staff.

What is Amgen's commitment regarding carbon neutrality for all operations?

Amgen aims to achieve carbon neutrality for all operations by 2027.

What partnership does Amgen have with Columbus State Community College?

Amgen is partnering with Columbus State Community College to host a manufacturing apprenticeship program at the site.

What is the duration of the manufacturing apprenticeship program at Amgen Ohio?

The manufacturing apprenticeship program at Amgen Ohio is an inaugural 18-month program.