Last $165.31 USD
Change Today +0.59 / 0.36%
Volume 1.8M
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As of 1:30 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

amgen inc (AMGN) Snapshot

Open
$165.00
Previous Close
$164.72
Day High
$167.35
Day Low
$164.52
52 Week High
11/28/14 - $167.35
52 Week Low
04/28/14 - $108.20
Market Cap
125.7B
Average Volume 10 Days
3.1M
EPS TTM
$6.75
Shares Outstanding
760.7M
EX-Date
11/10/14
P/E TM
24.5x
Dividend
$2.44
Dividend Yield
1.48%
Current Stock Chart for AMGEN INC (AMGN)

amgen inc (AMGN) Details

Amgen Inc., a biotechnology company, discovers, develops, manufactures, and delivers human therapeutics in the areas of oncology, hematology, inflammation, bone health, nephrology, cardiovascular, and general medicine worldwide. Its principal products include Neulasta, a pegylated protein for the treatment of chemotherapy-induced febrile neutropenia; NEUPOGEN, a recombinant-methionyl human granulocyte colony-stimulating factor for treating the patients with non-myeloid malignancies; and Enbrel for the treatment of rheumatoid arthritis, plaque psoriasis, and psoriatic arthritis in adult patients. The company’s principal products also comprise Aranesp and EPOGEN erythropoiesis-stimulating agents for the treatment of anemia and dialysis; XGEVA and Prolia for the prevention of skeletal-related events and treatment of postmenopausal women with osteoporosis; and Sensipar/Mimpara products for use in the treatment of secondary hyperparathyroidism in CKD patients on dialysis. Its other marketed products include Nplate, a thrombopoietic compound; and Vectibix, a human monoclonal antibody. The company’s products in phase 3 clinical trial comprise Evolocumab, a human monoclonal antibody used for the treatment for dyslipidemia; Talimogene Laherparepvec for the treatment of unresected stage IIIB, IIIC, or IV melanoma; and Trebananib for the treatment of ovarian cancer. Its other product in development stage includes Ivabradine, an oral drug for chronic heart failure and stable angina in patients with elevated heart rates. The company markets its products to healthcare providers, including physicians or their clinics, dialysis centers, hospitals, and pharmacies; consumers; and pharmaceutical wholesale distributors. It has collaborative arrangements with Pfizer Inc.; Glaxo Group Limited; AstraZeneca Plc.; Takeda Pharmaceutical Company Limited; UCB; and Bayer HealthCare Pharmaceuticals Inc. Amgen Inc. was founded in 1980 and is headquartered in Thousand Oaks, California.

20,000 Employees
Last Reported Date: 02/24/14
Founded in 1980

amgen inc (AMGN) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.5M
Executive Vice President of Operations
Total Annual Compensation: $1.1M
Executive Vice President of Global Commercial...
Total Annual Compensation: $1.0M
Executive Vice President of Research & Develo...
Total Annual Compensation: $896.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $845.9K
Compensation as of Fiscal Year 2013.

amgen inc (AMGN) Key Developments

Amgen Inc. and AstraZeneca PLC Announce Positive Results from Third and Final Pivotal Phase 3 Study of Brodalumab in Patients with Moderate-To-Severe Plaque Psoriasis

Amgen and AstraZeneca announced that AMAGINE-2(TM), a pivotal, multi-arm Phase 3 trial evaluating two doses of brodalumab in more than 1,800 patients with moderate-to-severe plaque psoriasis, met its primary endpoints when compared with both Stelara(R) (ustekinumab) and placebo at week 12. Brodalumab 210 mg given every two weeks and the brodalumab weight-based analysis group were each shown to be superior to Stelara on the primary endpoint of achieving total clearance of skin disease, as measured by the Psoriasis Area Severity Index (PASI 100). When compared with placebo, a significantly greater proportion of patients treated with brodalumab achieved at least a 75% improvement from baseline in disease severity at week 12, as measured by the Psoriasis Area Severity Index (PASI 75). A significantly greater proportion of patients treated with brodalumab also achieved clear or almost clear skin at week 12 compared with placebo, according to the static Physician Global Assessment (sPGA 0 or 1). Results showed that 44.4% of patients in the brodalumab 210 mg group, 33.6% of patients in the brodalumab weight-based group, 25.7% of patients in the brodalumab 140 mg group, 21.7% of patients in the Stelara group and 0.6% of patients in the placebo group achieved total clearance of skin disease (PASI 100). In addition, 86.3% of patients in the brodalumab 210 mg group, 77.0% of patients in the brodalumab weight-based group, 66.6% of patients in the brodalumab 140 mg group, 70.0% of patients in the Stelara group and 8.1% of patients in the placebo group achieved PASI 75. All key secondary endpoints comparing brodalumab with placebo were met. The first key secondary endpoint comparing PASI 100 for brodalumab (140 mg) with Stelara at week 12 was numerically greater but not statistically significant (p=0.078). The remaining secondary endpoints against Stelara were also numerically greater (all nominal p-values were less than 0.05), but could not be deemed statistically significant due to the sequential testing method. The most common adverse events that occurred in the brodalumab groups (more than 5% of patients in either group) were common cold, upper respiratory tract infection, headache and joint pain. Serious adverse events occurred in 1.0% of patients in the 210 mg group, 1.2% of patients in the weight-based group, and 2.1% of patients in the 140 mg group compared with 1.3% for Stelara and 2.6% for placebo during the placebo-controlled period. There was one (0.2%) fatal event of stroke in the brodalumab 210 mg group during the 12-week placebo-controlled induction phase, deemed by the study investigator as unrelated to treatment. Brodalumab is the only investigational treatment in development that binds to the interleukin-17 (IL-17) receptor and inhibits inflammatory signaling by blocking the binding of several IL-17 cytokines (A, F and A/F) to the receptor. The IL-17 receptor and cytokine family play a central role in development and clinical manifestations of plaque psoriasis. AMAGINE-2 is a Phase 3 study that assessed the safety and efficacy of brodalumab given at two doses every two weeks via subcutaneous injection compared with Stelara and placebo in patients with moderate-to-severe plaque psoriasis. The study also assessed the safety and efficacy of four maintenance regimens of brodalumab. The primary endpoint comparing 210 mg of brodalumab as well as a pre-specified weight-based analysis group with Stelara was the proportion of patients achieving total clearance of skin disease, as measured by PASI 100 at week 12. When comparing brodalumab with placebo, the primary endpoints included the proportion of patients achieving at least a 75% improvement from baseline in disease severity (PASI 75) at week 12, and the achievement of clear or almost clear skin, according to the sPGA (0 or 1) at week 12. The study began with a 12-week, double-blind, active comparator- and placebo-controlled induction phase, where patients were randomized in a 2:2:1:1 ratio to receive brodalumab (210 mg or 140 mg), Stelara (per the labeled dose), or placebo. At week 12, patients originally randomized to either brodalumab arm were re-randomized 2:2:2:1 into the maintenance phase to receive brodalumab 210 mg or 140 mg at four different maintenance regimens. Patients originally randomized to Stelara continued to receive the same treatment, and those originally randomized to receive placebo began 210 mg of brodalumab every two weeks. At week 52, patients entered the long-term extension portion of the study, and those who were originally randomized to receive Stelara began receiving 210 mg of brodalumab every two weeks. All other patients continued on treatment with brodalumab at the same dose they were being treated with at week 52. Patients may be enrolled in the study for up to 271 weeks (approximately five years). Amgen will continue to collect efficacy and safety data during this long-term exposure period.

Amgen Expects to Roll Out its Products for Treating Osteoporosis and Bone Cancers from its New Plant in Tuas by the End of 2016

Amgen expects to roll out its products for treating osteoporosis and bone cancers from its new plant in Tuas by the end of 2016. The SGD 200 million plant in Tuas Biomedical Park is the first next-generation biomanufacturing facility in the world. A model of efficiency, it is cheaper to build and run than conventional facilities; it took only a quarter of the capital cost to construct, and will need only a third of the operating expenses of a conventional facility. And 15 months was all it took for it to be built - half the time it takes to build a traditional plant. Despite this, it will still be able to churn out about a tonne of products annually, the same output as that of a conventional facility. The flexible, modular design means that the 120,000 square foot plant can be replicated in future locations; production capabilities can also be ramped up to accommodate the production of future cell-culture products. On top of this, the plant will run with more than 75% reduction in the usage of energy and water and in carbon dioxide emissions; solid waste generated and chemical usage will also be lower, which dovetails with Singapore's commitment to sustainable and innovative economic development. Amgen disclosed its plans for a second synthetic-molecule plant, to be ready in about three years. This plant will be near the first one and will produce the active pharmaceutical ingredient for a drug that treats multiple myeloma.

Amgen Completes Construction of its First Next-Generation Biomanufacturing Facility Located in Singapore

Amgen has completed construction of its first Next-Generation Biomanufacturing facility, located in Singapore, heralding a new stage of efficient and innovative production of medicines that treat serious diseases. Biologic medicines are produced in living cells and the new Tuas facility encompasses multiple technologies to enable greater speed, productivity and flexibility in commercial-scale manufacturing. Built in less than two years, the Next-Generation Biomanufacturing facility was completed in half the time required for conventional biomanufacturing plants. It uses single-use bioreactors, disposable plastic containers, continuous purification processing and real-time quality analysis. This flexible, modular design can be replicated in future facilities, enabling higher production and greater accessibility to patients around the world. The Next-Generation Biomanufacturing facility is expected to have the same annual output as a conventional facility but in a single building that will use less energy and water and have lower solid waste and emission levels - all in line with Singapore's commitment to sustainable and innovative economic development. Amgen also announced it will continue building at its Tuas site in Singapore and will soon open another facility where it will make carfilzomib, the active ingredient for Kyprolis(R).

 

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