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. reports developments across its biotechnology medicines business, including discovery, development, manufacturing and delivery of human therapeutics. Company updates center on a portfolio and pipeline spanning cancer, inflammatory conditions, rare diseases, heart disease, obesity and obesity-related conditions, with named products and programs such as TEPEZZA, Repatha and IMDELLTRA appearing in clinical and commercial announcements.
Recurring news also covers quarterly financial results, non-GAAP performance measures, manufacturing network investments, supply-chain capacity, research collaborations, medical and investor conference presentations, and executive or organizational changes tied to the integration of biology, technology, artificial intelligence and data across Amgen's operations.
Amgen has appointed Amy E. Miles to its Board of Directors, effective July 23, 2020. Ms. Miles brings extensive experience, having served as the CEO and chair of Regal Entertainment Group. With this appointment, Amgen's Board consists of 12 directors, 11 of whom are independent. Robert A. Bradway, Amgen's chairman and CEO, expressed confidence in Miles' ability to contribute value to the company. Her previous roles include board positions at Norfolk Southern Corporation and Gap Inc., suggesting a strong governance background.
Amgen has announced a significant $421 million investment in BeiGene's direct offering, maintaining a pro rata ownership of approximately 20.3%. This investment underscores Amgen's confidence in their ongoing oncology collaboration in China, the second-largest pharmaceutical market globally. Amgen, a biotechnology leader, focuses on discovering and delivering innovative therapies to address serious diseases, leveraging advanced human genetics.
Amgen announced that the United States Court of Appeals for the Federal Circuit upheld the validity of two patents related to Enbrel® (etanercept). This decision affirms an August 9, 2019 ruling from the New Jersey District Court, which ruled against Sandoz Inc. regarding its biosimilar version of Enbrel. The appellate court's decision upholds a permanent injunction preventing Sandoz from manufacturing or selling its product. This victory is significant for Amgen as it protects its intellectual property and market position for Enbrel.
deCODE genetics, a subsidiary of Amgen, in collaboration with the Icelandic healthcare system and international partners, has published groundbreaking research in Nature on autoimmune thyroid disease (AITD). The study analyzed over 30,000 AITD patients and identified 99 gene sequence variants, with 84 being newly associated with the disease. Notably, a variant in the FLT3 gene was found to significantly elevate the risks of AITD and other autoimmune diseases, as well as nearly double the risk of acute myeloid leukemia (AML). These findings underscore the variant's functional importance in disease pathology.
Amgen (NASDAQ: AMGN) is advancing its study of AMG 634, a PDE4 inhibitor, targeting tuberculosis and erythema nodosum leprosum (ENL). Acquired through the Otezla purchase, AMG 634 is undergoing Phase 2 trials led by The Aurum Institute NPC and The Leprosy Mission Nepal. With 225,000 annual leprosy cases and over 10 million TB cases, Amgen aims to address significant global health challenges. The company plans to partner with a non-government organization for further development and intends to supply the study drug for these trials.
Amgen (NASDAQ: AMGN) will present at the BMO Capital Markets 2020 Prescriptions for Success Healthcare Conference on June 23, 2020, at 4:00 p.m. ET. The presentation will be delivered by Elliott Levy, senior vice president of R&D Strategy and Operations. Interested parties can access a live audio stream through the Events Calendar on Amgen's website, with a replay available for 90 days post-event.
Amgen focuses on developing innovative therapies to address unmet medical needs, utilizing advanced human genetics to enhance health outcomes.