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Amgen 4Q profit leaps 30 percent on higher sales

2014-01-29 01:15:16| Biotech - Topix.net

Amgen Inc. 's fourth-quarter profit jumped 30 percent mainly due to a tax benefit from prior-year audits, an acquisition and higher sales for nearly all its drugs - much of it from price hikes.

Tags: sales higher percent profit

Amgen cholesterol drug meets goal of third late stage trial

2014-01-23 21:17:14| Biotech - Topix.net

A cholesterol fighter developed by Amgen Inc from a new class of medicines succeeded in significantly lowering levels of "bad" LDL cholesterol in a late stage trial in patients unable to tolerate statin drugs, the company said on Thursday.

Tags: late stage trial goal

Amgen CFO Peacock to quit Friday, get $1.3 million severance

2014-01-10 04:38:51| Biotech - Topix.net

Jonathan Peacock will quit as chief financial officer of Amgen Inc. on Friday, though he'll keep working until May to help his successor get up to speed.

Tags: friday million quit cfo

Amgen cholesterol drug appears safe, cut LDL 52 percent at 1 year: study

2013-11-20 13:55:40| Biotech - Topix.net

Amgen Inc's experimental heart medicine from a closely watched new class of drugs called PCSK9 inhibitors lowered "bad" LDL cholesterol 52 percent after one year with no major increase in serious adverse side effects compared with standard drugs, such as statins, according to data from a study.

Tags: year study safe cut