Amgen Inc Stock Price, News & Analysis

Amgen and Arrakis Therapeutics have formed a collaboration to develop RNA degrader therapeutics targeting difficult-to-drug proteins across various therapeutic areas. Amgen will pay $75 million upfront for five initial programs, with potential payments reaching several billion for milestone achievements. This partnership leverages Amgen's expertise in multispecific molecules and Arrakis' RNA-targeted small molecule platform to create innovative treatments for previously undruggable targets. The collaboration may significantly expand Amgen's drug development capabilities.

Amgen has awarded the second Amgen Golden Ticket to Karma Biotechnologies, granting them a year of lab space at BioLabs LA at the Lundquist Institute. This initiative aims to bolster life science startups in Southern California, with Karma receiving benefits such as access to Amgen's business leaders. Karma's Xavine™ platform focuses on treating autoimmune diseases. The Golden Ticket program, now in its 26th iteration, is part of Amgen's commitment to support biotech innovation across various hubs including San Francisco and Boston.

Amgen has received conditional marketing authorization from the European Commission for LUMYKRAS (sotorasib), a KRAS^G12C inhibitor to treat advanced non-small cell lung cancer (NSCLC) in adults after prior therapy. This approval, following a positive recommendation from the CHMP, is based on the CodeBreaK 100 clinical trial results, showing a 37.1% objective response rate and an 11.1-month median duration of response. With this authorization, Amgen aims to provide a critical treatment option for European patients affected by this challenging cancer.

Amgen (NASDAQ:AMGN) will virtually present at the 40th Annual J.P. Morgan Healthcare Conference on January 11, 2022, at 11:15 a.m. ET. CEO Robert A. Bradway will lead the presentation. The live audio will be available for media, investors, and the public via Amgen's website, where it will also be archived for at least 90 days. Amgen is renowned for its innovative human therapeutics, focusing on high unmet medical needs since its inception in 1980. It is part of the Dow Jones Industrial Average and Nasdaq-100, recognized as one of the world's best workplaces and sustainable companies.

Amgen has entered a research collaboration with Generate Biomedicines to develop protein therapeutics targeting five clinical indications. Amgen will provide $50 million upfront, with potential total deal value reaching $1.9 billion. The agreement includes milestone payments of up to $370 million per program, along with royalties. This partnership aims to combine Amgen's protein engineering expertise with Generate's AI-driven drug discovery platform, significantly enhancing the efficiency of creating innovative treatments for complex diseases.

Amgen will present at the Goldman Sachs 14th Annual Healthcare CEOs Unscripted Conference on January 6, 2022, at 1:00 p.m. ET. The presentation will be led by Robert A. Bradway, the CEO. The live audio will be available for public access via Amgen's website. This event underscores Amgen's commitment to addressing serious illnesses through innovative therapeutics. The webcast will also be archived for at least 90 days for those unable to attend live.

Amgen announced FDA approval for Otezla^® (apremilast) to treat adults with plaque psoriasis, making it the first oral treatment approved for all severity levels. The approval stems from the Phase 3 ADVANCE trial, which showed significant efficacy, with 21.6% achieving treatment success at week 16 compared to 4.1% for placebo (p<0.0001). Otezla, which has been used by over 650,000 patients globally, offers an alternative for those inadequately managed by topical therapies. Approximately 8 million Americans suffer from plaque psoriasis, indicating a substantial market opportunity for Amgen.

Amgen has announced the FDA approval of Tezspire (tezepelumab-ekko), a first-in-class biologic for severe asthma treatment in patients aged 12 and older. This landmark approval allows it to be used without phenotypic limitations, targeting inflammation directly. Tezspire outperformed placebos in the NAVIGATOR Phase 3 trial across primary and secondary endpoints. The drug aims to aid the 34 million individuals suffering from severe asthma worldwide, offering a new treatment option for those previously inadequately addressed by existing therapies.

Amgen (NASDAQ: AMGN) announced new data from its hematology pipeline to be presented at the 63rd ASH Annual Meeting from Dec. 11-14, 2021. The data emphasizes Amgen's dedication to improving patient outcomes in blood cancers. Key presentations include updated Phase 3 trial results for BLINCYTO showing improved survival rates in children with B-ALL, and promising safety and efficacy data for subcutaneous BLINCYTO in adults. Results from the Pregnancy Surveillance Program for Nplate highlighted no significant safety concerns. Important abstracts detailing real-world outcomes in multiple myeloma will also be presented.