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Amgen tops Street 4Q forecasts
2015-01-28 02:07:54| Biotech - Topix.net
Amgen Inc. cruised to a 27 percent jump in fourth-quarter profit and beat Wall Street expectations, due to higher sales of nearly all its medicines, tight cost controls and a tax benefit. The world's biggest biotech drugmaker by revenue said it's starting a cycle of several important new product launches - big enough that last year it announced major job reductions and other cost cuts to free up money for the launches.
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Category:Biotechnology and Pharmaceuticals
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