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Amgen Inc. (AMGN)

  • Tue, Jan. 27, 5:21 PM
    • Amgen (NASDAQ:AMGN) submits a Supplemental New Drug Application (sNDA) to the FDA and a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for the use of Kyprolis (carfilzomib) to treat patients with relapsed multiple myeloma (MM) who have received at least one prior therapy.
    • Kyprolis is currently cleared for the treatment of patients with MM who have already received at least two other treatments including bortezomib and an immunomodulatory agent such as lenalidomide and/or thalidomide.
    | Tue, Jan. 27, 5:21 PM | 1 Comment
  • Tue, Jan. 27, 4:57 PM
    • Amgen (NASDAQ:AMGN) Q4 Results ($M): Total Revenues: 5,331 (+6.4%); Product Sales: 5,174 (+7.8%), U.S.: 4,003 (+8.6%), Intl: 1,171 (+5.3%).
    • Sales By Product: Neulasta/Neupogen: 1,454 (+3.3%), Neulasta: 1,180 (+7.5%), Neupogen: 274 (-11.3%), Enbrel: 1,337 (+11.4%), Aranesp: 479 (+1.9%), Epogen: 539 (+2.7%), Sensipar/Mimpara: 317 (+3.3%), Vectibix: 132 (+29.4%), Nplate: 119 (-0.8%), Xgeva/Prolia: 640 (+22.6%), Xgeva: 325 (+13.6%), Prolia: 315 (+33.5%), Kyprolis: 91 (+24.7%).
    • COGS: 1,183 (+15.0%); R&D Expense: 1,234 (-1.2%); SG&A Expense: 1,327 (-12.8%); Net Income: 1,294 (+26.7%); EPS: 1.68 (+26.3%); CF Ops: 2,445 (+33.2%), Quick Assets: 27,026 (+39.3%).
    • Gross Profit: 4,148 (+4.2%); COGS: 22.2% (+8.1%); Gross Margin: 77.8% (-2.1%); Operating Earnings: 1,587 (+30.9%); Operating Earnings Yield: 29.8% (+23.1%); Net Earnings Yield: 24.3% (+19.1%).
    • 2015 Guidance: Revenues: $20.8B - 21.3B; EPS: $7.48 - 7.87; Non-GAAP EPS: $9.05 - 9.40; CAPEX: ~$800M; Tax Rate: 18 - 19%.
    | Tue, Jan. 27, 4:57 PM | Comment!
  • Tue, Jan. 27, 4:03 PM
    • Amgen (NASDAQ:AMGN): Q4 EPS of $2.16 beats by $0.11.
    • Revenue of $5.34B (+6.6% Y/Y) beats by $140M.
    • Press Release
    | Tue, Jan. 27, 4:03 PM | 1 Comment
  • Mon, Jan. 26, 5:35 PM
  • Mon, Jan. 26, 7:31 AM
    • Regeneron Pharmaceuticals (NASDAQ:REGN) and Sanofi (NYSE:SNY) announced that the FDA has accepted under priority review the Biologics License Application (BLA) for Praluent (alirocumab) for the treatment of hypercholesterolemia.
    • Priority review status shortens the review time to six months so the PDUFA date is July 24.
    • The European Medicines Agency accepted the companies' Marketing Authorization Application (MAA) several weeks ago.
    • Alirocumab is an investigational monoclonal antibody targeting proprotein subtilisin/kexin type 9 (PCSK9). It will be competing with Amgen's (NASDAQ:AMGN) evolocumab for supremacy in the post-statin anti-cholesterol market. The PDUFA date for the FDA's review of evolocumab is August 27.
    • Previously: European regulator accepts Regeneron/Sanofi application for cholesterol-lowering med (Jan. 12)
    • Previously: FDA OK with Amgen's BLA for cholesterol-lowering drug (Nov. 10, 2014)
    | Mon, Jan. 26, 7:31 AM | Comment!
  • Thu, Jan. 22, 4:07 PM
    • Amgen (NASDAQ:AMGN) will report Q4 and full-year results on January 27 after the close. The conference call will begin at 2:00 pm PT/5:00 pm ET.
    • Consensus views for Q4 and 2014 are EPS of $2.05 and $8.59 on revenues of $5.2B and $19.9B, respectively.
    | Thu, Jan. 22, 4:07 PM | Comment!
  • Mon, Jan. 19, 5:11 PM
    | Mon, Jan. 19, 5:11 PM | 1 Comment
  • Wed, Jan. 14, 9:13 AM
    • Express Scripts' (NASDAQ:ESRX) success in containing the prices of new HCV therapies by pitting Gilead Sciences (NASDAQ:GILD) against AbbVie (NYSE:ABBV) is sending shock waves through the biotech/pharma industry. Most of the big players slumped yesterday as investors fear that ESRX's tactics will spread to other high cost areas like cancer and cholesterol.
    • At JPM15 yesterday, CEO George Paz said that the new cholesterol-lowering post-statin PCSK9 inhibitors will be the next big opportunity to pit drug firms against each other in order to drive costs down. FDA clearance of the first two therapies, one from Amgen (NASDAQ:AMGN) and the other from Regeneron Pharmaceuticals (NASDAQ:REGN) (NYSE:SNY), is expected to occur at about the same time.
    • The prices of emerging cancer therapies will also be in payers' crosshairs. Amgen's Blincyto, for example, costs $178,000 per standard course of treatment while Merck's (NYSE:MRK) Keytruda is close behind at $150,000.
    | Wed, Jan. 14, 9:13 AM | 56 Comments
  • Wed, Jan. 14, 8:25 AM
    • Ziopharm (NASDAQ:ZIOP) jumps 50% premarket on robust volume in response to its announcement of an exclusive license deal with partner Intrexon (NYSE:XON) (+12%) with The University of Texas MD Anderson Cancer Center covering technology and intellectual property related to non-viral adoptive cellular cancer immunotherapies. The technologies originate from two researchers who have pioneered the design and clinical investigation of chimeric antigen receptor (CAR) T cell therapies for the potential treatment of cancer using non-viral gene integration platforms.
    • The two researchers are Laurence Cooper, M.D., Ph.D, professor of pediatrics at MD Anderson who has expertise in immunotherapies and Perry Hackett, Ph.D., professor within the College of Biological Sciences at Minnesota, who discovered and developed a system called Sleeping Beauty, a non-viral DNA plasmid-based gene transfer system.
    • The deal brings the CAR-T technology together Intrexon's technology suite and Ziopharm's clinically tested RheoSwitch Therapeutic System interleukin-12 modules. Up to five CARs are expected to enter the clinic this year and off-the-shelf programming initiating in 2016.
    • Under the terms of the agreement, MD Anderson will receive $100M from the companies in the form of $50M of common stock from each firm. In addition, the companies have committed $15M - 20M over each of the next three years for researching and developing the technologies.
    • CAR-T therapies are the "next big thing" in cancer treatment.
    | Wed, Jan. 14, 8:25 AM | 2 Comments
  • Mon, Jan. 12, 4:52 PM
    • Amgen (NASDAQ:AMGN) enters into a research collaboration with MD Anderson Cancer Center focused on the company's bispecific T cell engager (BiTE) antibody constructs. The partnership will identify targets for the therapy in myelodysplastic syndrome, a bone marrow disorder in which the body does not produce enough healthy blood cells. It can cause severe anemia and lead to the development of acute myelogenous leukemia.
    • The collaboration will leverage the expertise of Anderson's Moon Shots Program, which aims to accelerate the conversion of scientific discoveries into clinical advances and significantly fewer cancer deaths.
    | Mon, Jan. 12, 4:52 PM | Comment!
  • Mon, Jan. 12, 9:46 AM
    • Hospira (HSP) submits its Biologics License Application (BLA) to the FDA for Retacrit, a biosimilar to Amgen's (AMGN +1.3%) Epogen (epoetin alfa) and Janssen's (JNJ +0.5%) Procrit (epoetin alfa). The submission was actually made on December 16 under the new 351(k) approval pathway created by the Biologics Price Competition and Innovation Act of 2009.
    • Last week, an FDA advisory committee voted in favor of the approval of Sandoz's BLA for its biosimilar to Amgen's Neupogen (filgrastim).
    • Previously: FDA Ad Comm gives thumbs up to Sandoz biosimilar filgrastim (Jan. 7)
    | Mon, Jan. 12, 9:46 AM | Comment!
  • Mon, Jan. 5, 2:00 PM
    • The FDA's Oncologic Drugs Advisory Committee meets Wednesday to review the Biologics License Application (BLA) submitted by Sandoz (NVS +0.1%) for a biosimilar version of Amgen's (AMGN -0.8%) Neupogen (filgrastim).
    • In the briefing documents, reviewers determined that there are no clinically meaningful differences compared to Neupogen. This bodes well for the approval of the first biosimilar in the U.S.
    • Briefing doc
    | Mon, Jan. 5, 2:00 PM | Comment!
  • Mon, Jan. 5, 10:01 AM
    • Amgen (AMGN -2.8%) and Kite Pharma (KITE +3.4%) enter into a strategic research collaboration and license agreement to commercialize the next generation of novel Chimeric Antigen Receptor (CAR) T cell immunotherapies based on Kite's engineered autologous cell therapy (eACT) platform and Amgen's library of cancer targets.
    • Under the terms of the agreement, Amgen will contribute cancer targets while Kite will employ its CAR platform, R&D and manufacturing capabilities and expertise. It will be responsible for all preclinical research, cell manufacturing and processing through the Investigational New Drug (IND) filing. Each company will be responsible for the development and commercialization of their respective CAR-T candidates including all related expenses.
    • Kite will receive an upfront payment of $60M, funding for R&D expenses through IND filing, up to $525M in milestones and high single- to double-digit royalties on product sales and the license of Kite's IP for CAR-T cell products.
    • Amgen is eligible to receive up to $525M in milestones from Kite and tiered single-digit royalties on sales.
    • Kite will host a conference call today at 4:00 pm ET to discuss the deal.
    | Mon, Jan. 5, 10:01 AM | Comment!
  • Dec. 18, 2014, 7:01 AM
    • Amgen (NASDAQ:AMGN) declares $0.79/share quarterly dividend, 29.5% increase from prior dividend of $0.61.
    • Forward yield 1.93%
    • Payable March 6; for shareholders of record Feb. 12; ex-div Feb. 10.
    | Dec. 18, 2014, 7:01 AM | 1 Comment
  • Dec. 17, 2014, 2:06 PM
    • According to Bloomberg, Amgen (AMGN +1%) intends to charge $178,000 per standard course of treatment for its blood cancer therapy, Blincyto (blinatumomab). The price assumes two cycles of treatment at $89,000 per cycle, the median duration of treatment for patients who responded to therapy in clinical trials.
    • For comparison purposes, Merck's (MRK +0.7%) Keytruda (pembrolizumab) costs $150,000 per year and Bristol-Myers Squibb's (BMY +2.2%) Yervoy (ipilimumab) costs $120,000 per course.
    • Previously: FDA clears Amgen blood cancer immunotherapy (Dec. 3, 2014)
    | Dec. 17, 2014, 2:06 PM | 6 Comments
  • Dec. 10, 2014, 7:36 AM
    • Bristol-Myers Squibb (NYSE:BMY), Ono Pharmaceutical Co., Ltd. and Kyowa Hakko Kirin Co., Ltd. enter into a clinical trial collaboration agreement to conduct a Phase 1 study of the combination of the PD-1 immune checkpoint inhibitor Opdivo (nivolumab) and mogamulizumab, an anti-CCR4 antibody, for the treatment of advanced or metastatic solid tumors.
    • Opdivo was cleared for sale in Japan in September. Mogamulizumab was launched there in May 2012 for the treatment of certain blood cancers.
    • The trial will be conducted in Japan and managed by Ono and Kyowa.
    • Kyowa licensed mogamulizumab to Amgen (NASDAQ:AMGN) in 2008 for non-oncology indications but nothing came of it. The companies terminated their agreement in April.
    | Dec. 10, 2014, 7:36 AM | Comment!
Company Description
Amgen Inc is a biotechnology company that discovers, develops, manufactures and delivers human therapeutics. It operates in one business segment being human therapeutics.
Sector: Healthcare
Industry: Biotechnology
Country: United States