Welcome to our dedicated page for Amgen news (Ticker: AMGN), a resource for investors and traders seeking the latest updates and insights on Amgen stock.
Amgen Inc. (NASDAQ: AMGN) is a leading American multinational biopharmaceutical company, established in 1980 and headquartered in Thousand Oaks, California. As one of the largest independent biotechnology companies globally, Amgen specializes in discovering, developing, manufacturing, and delivering innovative human therapeutics. The company focuses on areas of high unmet medical need and leverages its expertise in advanced human genetics to develop solutions that dramatically improve people's lives.
Amgen's portfolio includes a range of flagship drugs such as red blood cell boosters Epogen and Aranesp, immune system enhancers Neupogen and Neulasta, and treatments for inflammatory diseases like Enbrel and Otezla. Additionally, the company has a strong presence in the oncology sector with products like Vectibix, Prolia, Evenity, and Kyprolis. Notably, the acquisition of Onyx Pharmaceuticals bolstered Amgen's oncology portfolio.
Recent launches include innovative therapies such as Repatha for cholesterol management, Aimovig for migraines, Lumakras for lung cancer, and Tezspire for asthma. In 2023, Amgen's acquisition of Horizon Therapeutics introduced several rare-disease drugs to its portfolio, including Tepezza for thyroid eye disease. Amgen also continues to expand its biosimilar portfolio, reinforcing its commitment to making advanced treatments more accessible.
Amgen's financial health is robust, with significant growth in revenues and product sales. The company's strategic partnerships and acquisitions have continually strengthened its market position. For instance, the recent Phase 3 SPROUT study demonstrated the efficacy and safety of Otezla in pediatric patients, highlighting Amgen's ongoing commitment to addressing various health needs. Furthermore, the company’s dedication to innovation is evident from its extensive pipeline of investigational drugs targeting various conditions.
Amgen has been acknowledged for its workplace culture and environmental initiatives, being named one of
Amgen (NASDAQ:AMGN) and MBC BioLabs have awarded the 2020 Amgen Golden Ticket to BigHat Biosciences and Trilo Therapeutics. This grant provides priority lab space and access to core facilities for one year, supporting innovative biotech companies in their research. BigHat focuses on advancing antibody discovery using AI, while Trilo specializes in developing novel therapeutic inhibitors for diseases. Amgen's partnership with MBC BioLabs has expanded from one site to three, benefiting over 90 startups since its inception.
Amgen (NASDAQ:AMGN) will present at the Bank of America Virtual Global Healthcare Conference at 12:35 p.m. ET on Sept. 17, 2020. The presentation will be made by Peter H. Griffith, executive vice president and CFO of Amgen. Interested parties can access the live audio on Amgen's website under the Events Calendar, with replays available for 90 days following the event. Amgen is dedicated to innovative therapeutics to improve health outcomes and has a strong pipeline of medicines aimed at serious illnesses.
Amgen will present at Morgan Stanley's 18th Annual Virtual Global Healthcare Conference on Sept. 16, 2020, at 11:45 a.m. ET. CEO Robert A. Bradway will lead the presentation, which can be accessed live via Amgen's website. A replay will be available for 90 days post-event. Amgen focuses on innovative therapeutics for serious illnesses, leveraging advanced human genetics to improve health outcomes. With a history dating back to 1980, Amgen is a leader in biotechnology.
Amgen will present at Citi's 15th Annual Virtual BioPharma Conference on September 10, 2020, at 2:25 p.m. ET. Key executives, Murdo Gordon and Peter H. Griffith, will deliver the presentation. Interested parties can access live audio via Amgen's website, with a replay available for 90 days post-event. Founded in 1980, Amgen is a leading biotechnology company focused on innovative therapeutics, emphasizing solutions for serious illnesses and unmet medical needs. For more details, visit www.amgen.com.
Amgen announced positive results from the HAUSER-RCT Phase 3b study for Repatha® (evolocumab) in pediatric patients aged 10-17 with heterozygous familial hypercholesterolemia (HeFH). The study demonstrated a significant 38.3% reduction in LDL-C levels compared to placebo, meeting its primary endpoint. It was presented at ESC 2020 and published in The New England Journal of Medicine. No new safety risks were noted, with adverse events being generally mild. The study emphasizes Repatha's potential as a safe and effective option for managing high cholesterol in children.
Amgen has announced the presentation of 12 scientific abstracts at ESC Congress 2020, showcasing research on Repatha® (evolocumab). This includes the first Phase 3 study involving pediatric patients with heterozygous familial hypercholesterolemia (HeFH) and studies on lipid-lowering therapy across Europe. Key findings highlight Repatha’s role in managing LDL cholesterol in high-risk patients, addressing unmet medical needs in cardiology. The congress will take place from Aug. 29 to Sept. 1, 2020, with various presentations scheduled.
Amgen's KYPROLIS® (carfilzomib) has received FDA approval for expanded use in combination with DARZALEX® (daratumumab) and dexamethasone (DKd) for treating relapsed or refractory multiple myeloma (R/R MM). This regimen can be administered once or twice weekly and is aimed at patients who have undergone one to three lines of therapy. The Phase 3 CANDOR trial demonstrated a 37% reduction in disease progression risk for DKd compared to Kd alone. The approval meets the growing need for effective treatments following the use of immunomodulatory drugs.
Amgen (NASDAQ:AMGN) has announced new terms for its Exchange Offers, now increasing the maximum principal amount of New Senior Notes to $940 million. The Exchange Offers involve a variety of its Senior Notes, exchanging them for a mix of cash and new notes due 2053. The offers include notable yields such as 2.370% for 6.90% Senior Notes due 2038. The early settlement date for validly tendered notes is set for August 17, 2020. The Exchange Offers are aimed at qualified institutional buyers and select non-U.S. investors only.
Amgen announced early results for its private Exchange Offers to exchange certain series of its senior notes for new Senior Notes due 2053. The total principal amount of New Notes issued will not exceed $800 million, and the New Notes Premium is capped at $350 million. The Exchange Offers include ten series of Old Notes, with a total outstanding principal of approximately $2.19 billion. Validly tendered Old Notes as of August 12, 2020, are prioritized for exchange, with completion expected by August 28, 2020. The Offers are limited to certified institutional holders.
Amgen announced on July 30, 2020, the launch of nine private exchange offers for its outstanding senior notes, totaling up to $800 million in New Notes due 2053. The offers include various senior notes due between 2037 and 2045, with specific cash payment percentages based on acceptance priority levels. The exchange is contingent on meeting certain conditions, including a minimum issuance of $300 million in New Notes and adherence to yield conditions. The offers will expire on August 26, 2020, unless extended. Eligible holders can receive early exchange premiums if they participate by August 12, 2020.
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