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AMGN - Kevin Sharer, Amgen Chairman and CEO, Announces Plan to Retire With Robert Bradway to Become CEO on May 23, 2012; Sharer Will Continue as Chairman of the Board Until End of 2012
4:36 PM ET 12/15/11 | PR Newswire
Kevin W. Sharer, chairman and chief executive officer of Amgen (NASDAQ:AMGN) since 2000, has announced his plan to retire from the Company at the end of 2012, following 20 years of service to Amgen. To facilitate an orderly transition process, Sharer will step down as CEO effective May 23, 2012, and remain as chairman of the Company's Board of Directors until December 31, 2012, at which time he will retire from the Board and from the Company. Robert Bradway, currently president and chief operating officer, will become CEO on May 23, 2012. It is the intention of the Board of Directors to elect Bradway chairman of the Board when Sharer retires from that position at the end of 2012. The Board will also elect a lead independent director at that time.
On behalf of the Board of Directors, Vance Coffman, chairman of the Board's governance and nominating committee said, "The Board thanks Kevin Sharer for his service in leading Amgen over the past decade. During that time Amgen grew significantly in every dimension and is well positioned for the future. Amgen's core mission to serve patients remains our bedrock. The Board is excited to have a talented executive in Bob Bradway as the fourth CEO in our Company's history."
"Today Amgen announces its next generation of leaders as we pass the reins to Bob Bradway and Sean Harper," said Kevin Sharer. "Bob and Sean have demonstrated sound judgment, delivered consistently excellent operating results and provided strong leadership in a variety of challenging roles. Amgen will be in good hands. I would particularly like to thank Roger Perlmutter for his eleven years of service. He has been an outstanding head of research and development, and his accomplishments have benefited millions of patients. In the months ahead, we will focus on making the transition to Bob and Sean seamless."
Sharer, 63, joined Amgen in 1992 and served as president until 2000 when he was named chairman and CEO. Under his tenure Amgen grew from $3.6B in revenue with a presence in 17 countries to a company today with revenues approaching $16B and operations in 55 countries.
Bob Bradway, 48, joined Amgen in 2006 as a vice president in operations. He was appointed CFO in 2007, and was named president and chief operating officer in 2010. Prior to joining Amgen, Bradway worked for 19 years with Morgan Stanley. Bradway holds a BA in Biology from Amherst College and an MBA from Harvard University.
Roger Perlmutter, 59, will retire as executive vice president of research and development effective February 12, 2012. Dr. Perlmutter will then work with Amgen as a consultant to aid in the transition until February, 2013. Dr. Perlmutter joined Amgen in 2000, and during his tenure Amgen has gained the approval for many new drugs, including Aranesp®, Neulasta®, Vectibix®, Nplate®, Sensipar® and Amgen's newest drugs, Prolia® and Xgeva®.
Sean Harper, 49, will assume his new role on February 13, 2012, reporting to Bob Bradway. Dr. Harper will be responsible for Amgen's global research and development functions. Dr. Harper joined Amgen in 2002, and has held leadership roles in early development, medical sciences and global regulatory and safety. His current role is senior vice president, global development and he serves as chief medical officer for Amgen. Prior to joining Amgen, Dr. Harper worked for 6 years at Merck Research Laboratories. He attended medical school at UCSF, was board certified in internal medicine and gastroenterology after training at the Massachusetts General Hospital and was a postdoctoral fellow at the Massachusetts Institute of Technology.
About AmgenAmgen discovers, develops, manufactures and delivers innovative human therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first companies to realize the new science's promise by bringing safe, effective medicines from lab to manufacturing plant to patient. Amgen therapeutics have changed the practice of medicine, helping millions of people around the world in the fight against cancer, kidney disease, rheumatoid arthritis, bone disease and other serious illnesses. With a deep and broad pipeline of potential new medicines, Amgen remains committed to advancing science to dramatically improve people's lives. To learn more about our pioneering science and vital medicines, visit www.amgen.com. Follow us on www.twitter.com/amgen.
CONTACT: Amgen, Thousand OaksChristine Regan, 805-447-5476 (media)Arvind Sood, 805-447-1060 (investors)
(Logo: http://photos.prnewswire.com/prnh/20081015/AMGENLOGO)
SOURCE Amgen
AMGN - : Amgen Announces Final Results of Its Tender Offer --
THOUSAND OAKS, Calif., Dec. 14, 2011 /PRNewswire/ -- Amgen (NASDAQ:AMGN)
today announced the final results of its modified Dutch auction tender offer,
which expired at 12:00 midnight, New York City time, on Wednesday, Dec. 7,
2011.
Amgen has accepted for purchase 83,333,333 shares of its common stock at a
price of $60.00 per share, for an aggregate cost of approximately $5 billion,
excluding fees and expenses relating to the tender offer. These shares
represent approximately 9.5 percent of the shares outstanding. The tender offer
was oversubscribed and pursuant to the terms of the tender offer, shares will
be accepted on a pro rata basis, except for tenders of odd lots, which will be
accepted in full. Amgen has been informed by the depositary that the proration
factor for the tender offer is approximately 87.79 percent.
BofA Merrill Lynch and Credit Suisse acted as dealer managers for the tender
offer. Stockholders who have questions or would like additional information
about the tender offer may contact the information agent for the tender offer,
Georgeson Inc. toll-free at (877) 278-9672.
08:03 AMGN Amgen says a total of 98,062,630 shares of its common stock were properly tendered and not properly withdrawn at or below the purchase price of $60.00/share in preliminary results of its modified Dutch auction
Co says a total of 98,062,630 shares of its common stock were properly tendered and not properly withdrawn at or below the purchase price of $60.00/share in preliminary results of its modified Dutch auction, including 30,827,827 shares that were tendered through notice of guaranteed delivery. Amgen has been informed by the depositary that the preliminary proration factor for the tender offer is approximately 85 percent. In accordance with the terms and conditions of the tender offer, and based on the preliminary count by the depositary, Amgen expects to acquire approximately 83.3 million shares of its common stock at a price of $60.00 per share, for an aggregate cost of approximately $5 billion, excluding fees and expenses relating to the tender offer. These shares represent approximately 9.5 percent of the shares outstanding.
09:29:59 AMGN - FDA Approves New Indications For Prolia(R) (Denosumab) For The
Treatment Of Bone Loss In Patients With Prostate Or Breast Cancer Undergoing
Hormone Ablation Therapy >AMGN
DOW JONES NEWSWIRES
Amgen Inc. (AMGN) said the U.S. Food and Drug Administration approved two new
indications for its Prolia osteoporosis treatment, making it the first drug for
cancer treatment-induced bone loss.
The expanded approval allows the use of Prolia in women being treated for
breast cancer and in men being treated for non-metastatic prostate cancer.
The biotechnology giant launched sales of Prolia in June 2010 for the
treatment of postmenopausal women with osteoporosis.
Amgen reported in July its second-quarter earnings fell 2.7% as higher
expenses masked a 4.1% revenue increase. Sales of Prolia were a
better-than-expected $44 million. The initial performance of the drug had
disappointed some on Wall Street, as its sales were below expectations for the
three prior quarters.
Shares slipped 0.4% to $56.50 premarket. The stock has risen 2.7% over the
past year through Friday's $56.71 close.
-By Melodie Warner, Dow Jones Newswires; 212-416-2283;
melodie.warner@dowjones.com
(END) Dow Jones Newswires
09-19-11 0929ET
Copyright (c) 2011 Dow Jones & Company, Inc.
09:29 091911
09:03:15 AMGN Amgen says the FDA will target a PDUFA action date of April 26, 2012 for the supplemental Biologics License Application to expand the indication for XGEVA to treat men with castrate-resistant prostate cancer to reduce the risk of developing bone metastases
Noticed there was an article on Amgen here that may be useful.. THey want you to register to read it though, so I didn't.. (LAZY)
Anyways, take a read if you're interested: http://bit.ly/n1phdU
Amgen beats by $0.08, beats on revs; sees FY11 EPS and revs at upper end of ranges; 28c/share dividend
Reports Q2 (Jun) earnings of $1.37 per share, $0.08 better than the Capital IQ Consensus Estimate of $1.29; revenues rose 4.1% year/year to $3.96 bln vs the $3.79 bln consensus. Co sees FY11 EPS at the upper end of the $5.00-5.20 range vs. $5.17 Capital IQ Consensus Estimate; sees FY11 revs at the upper end of the $15.1-15.5 bln range vs. $15.29 bln Capital IQ Consensus Estimate. Aranesp (darbepoetin alfa) sales decreased 3 percent to $585 million in the second quarter of 2011 versus $603 million in the second quarter of 2010. EPOGEN (Epoetin alfa) sales decreased 17 percent to $543 million in the second quarter of 2011 versus $657 million in the second quarter of 2010, due primarily to a decline in unit demand. Combined Neulasta (pegfilgrastim) and NEUPOGEN (Filgrastim) sales increased 13 percent to $1,326 million in the second quarter of 2011 versus $1,174 million in the second quarter of 2010. Enbrel (etanercept) sales increased 9 percent to $956 million in the second quarter of 2011 versus $877 million in the second quarter of 2010, driven primarily by increases in the average net sales price and unit demand.
AMGN looks a good company. It's financials for the past 10 years are great - with the exception of 2002 which was a bad year. Further investigation is required as to what happened in 2002, but history has shown that it was a one off.
The balance sheet is reasonable with a net debt to equity of 42%. Cash flow is great - this is a company that generates a lot of cash which is exactly what you want to see. They retain all their earnings, and use a lot of their earnings to buy back stock which I like to see.
I have an intrinsic value of just under $50 which is rising to $60 next year and $80 in 2013.
The current shareprice is $53 so there is no current margin of safety. If the shareprice pulls back it will be a buying opportunity for me.
Jim.
Amgen's Bone-Drug Xgeva Approved By EU Regulators --
DOW JONES NEWSWIRES
Amgen Inc. (AMGN) received approval from European Union regulators to market
its bone-drug Xgeva to prevent complication in patients with cancer that has
spread to the bones.
The European Commission also granted Xgeva an additional year of data and
marketing exclusivity in the E.U. because it is a new use of the drug and shows
a significant clinical benefit in comparison with existing therapies.
The drug in studies showed protection from complications such as fractures
and spinal cord compression and also delayed the progression of pain.
Amgen's various iterations of the drug, also known as denosumab, are
considered a key to the company's future growth, as challenges from competition
and regulatory issues have risen.
Amgen markets denosumab as Xgeva and Prolia at different doses for different
uses. The U.S. Food and Drug Administration approved Xgeva in November for
helping prevent bone complications in cancer patients with solid tumors whose
disease has spread to the bone.
Shares closed Thursday at $55.68 and were inactive premarket.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com
(END) Dow Jones Newswires
07-15-11 0740ET
Copyright (c) 2011 Dow Jones & Company, Inc.
07:40 071511
AMGN MITI - Micromet Strikes Cancer Research Deal With Amgen
DOW JONES NEWSWIRES
Biopharmaceutical company Micromet Inc. (MITI) has struck a deal to partner
with Amgen Inc. (AMGN) in the research of cancer therapies in a deal worth up
to EUR695 million.
Shares of Micromet were recently up 4.2% in premarket trade. The stock is
down 29% since the start of the year.
Under the terms of the agreement, Micromet will receive EUR10 million upon
the execution of the deal. The company is eligible to receive further payments,
in addition to royalties, upon certain milestones.
Micromet will work primarily in the discovery and preclinical development
stages, while Amgen will lead clinical development, manufacturing and
commercialization of any products resulting from the arrangement.
"We are very pleased to collaborate with Amgen, an industry leader with a
proven track record of success in oncology and biologics," said Micromet Chief
Executive Christian Itin. "This collaboration aligns well with our strategy to
expand development of BiTE antibodies into solid tumor indications with support
from a partner and brings important nondilutive capital into the company."
In May, Micromet reported a wider operating loss in its first quarter as
research and development expenses jumped 53%.
-By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com
(END) Dow Jones Newswires
07-11-11 0831ET
Copyright (c) 2011 Dow Jones & Company, Inc.
08:31 071111
New here. I'm long AMGN, a bit too early on my entry. My indicators are still bullish, and am looking at Friday's low as a good candidate for a pivot. If that's correct I'm looking for a 9-day swing, but will begin locking in profit by the 6th day.
Any thoughts?
Bill
Wall-Street-Stocks.com
Amgen’s Space Mice Test Bone-Loss Antibody on Last NASA Shuttle Mission
By Ryan Flinn - Jul 8, 2011 9:32 AM PT .
Amgen Inc. (AMGN), the world’s largest biotechnology company, launched 30 mice into space today on NASA’s final shuttle mission to test a bone-loss drug.
The project, a collaboration between Thousand Oaks, California-based Amgen and UCB SA (UCB) in Brussels, will gauge the effectiveness of a sclerostin antibody designed to boost bone formation, Amgen said in a statement.
“What we’re hoping to show is the sclerostin antibody can build bone in a weightless environment,” said Chris Paszty, Amgen’s scientific executive director, in a telephone interview. “We don’t know yet what we are going to learn, but it may turn out to be something important in terms of understanding how one might develop therapeutics from this pathway.”
The lack of gravity’s weight on human bodies during space flight causes the loss of bone mass, a significant issue for long-term flights, Paszty said. Half of the mice aboard the Shuttle Atlantis will receive the antibody while half will get a placebo. The findings may offer insights into how the antibody could be used to offset the effects from immobilization, stroke, cerebral palsy, muscular dystrophy, spinal cord injury and reduced physical activity.
Amgen currently has a different sclerostin antibody, known as AMG 785, in clinical trials, the second of three phases generally required for regulatory approval, the company said.
To contact the reporter on this story: Ryan Flinn in San Francisco at rflinn@bloomberg.net
To contact the editor responsible for this story: Reg Gale at rgale5@bloomberg.net.
AMGN submits Xgeva sBLA for prevention of PCa bone mets:
#msg-64665824
On recent trend and news, adding AMGN to portfolio now and going long. It is the right time.
Amgen Reaffirms Guidance For 2011 And 2015
PRESS RELEASE: Amgen Announces Modifications to U.S. Prescribing
Information for Use of Erythropoiesis-Stimulating Agents in Chronic Kidney
Disease
Modified Labeling Provides Different Treatment Guidance for Patients on
Dialysis and Not on Dialysis
Changes to Prescribing Information Include Modification to the Boxed Warning
THOUSAND OAKS, Calif., June 24, 2011 /PRNewswire/ -- Amgen (NASDAQ: AMGN)
announced today that the U.S. Food and Drug Administration (FDA) has approved
modified language in the prescribing information for the use of
erythropoiesis-stimulating agents (ESAs), including Aranesp(R) (darbepoetin
alfa) and EPOGEN(R) (Epoetin alfa), in patients with chronic kidney disease
(CKD). The modified language, including changes to the Boxed Warning, provides
important new information for the treatment of patients with CKD who are on
dialysis, as well as those not on dialysis, to inform prescribers and patients
of safety risks that have been identified in clinical trials. In recognition of
the different benefit-risk profiles of ESA therapy in patients on dialysis
compared to patients not on dialysis, the modified labeling provides separate
treatment guidance for these two CKD populations.
Specifically, for patients on dialysis, the label advises physicians to
initiate ESA therapy when the hemoglobin level is less than 10 g/dL and guides
physicians to reduce or interrupt the dose when the hemoglobin approaches or
exceeds 11 g/dL. For patients not on dialysis, physicians are asked to consider
initiating ESA therapy when the hemoglobin level is below 10 g/dL, when
reducing red blood cell transfusion-related risks is a clinical goal and when
the rate of hemoglobin decline suggests a transfusion will be likely. Further,
for those not on dialysis, physicians should reduce or interrupt the dose when
the hemoglobin exceeds 10 g/dL. This guidance replaces the previous label
language specifying a hemoglobin target range of 10-12 g/dL for both
populations. The modified prescribing information continues to recognize the
benefit of reducing the need for transfusions in CKD patients.
In addition, the Boxed Warning, Warnings and Precautions and Clinical Studies
sections have been modified to advise that the use of ESAs to target a
hemoglobin level of greater than 11 g/dL increases the risk of serious adverse
cardiovascular reactions.
For complete dosing and safety information for Aranesp and EPOGEN, see the
full prescribing information.
"Amgen supports the modified ESA prescribing information as it informs
physicians of important safety information," said Roger M. Perlmutter, M.D.,
Ph.D., executive vice president of Research and Development at Amgen. "The
revised label also provides physicians with more individualized treatment
guidance by distinguishing between patients undergoing dialysis as compared
with those who are not on dialysis."
The language in the prescribing information was informed by the results from
clinical trials, including TREAT (the Trial to Reduce Cardiovascular Events
with Aranesp(R) Therapy), which targeted high hemoglobin levels (13 g/dL) in
CKD patients who were not on dialysis and found an increased risk of stroke in
the patients treated with ESAs compared to those receiving placebo. While TREAT
was a study of patients who were not on dialysis, the modified Boxed Warning
and other warnings in the label apply to all CKD patients.
Amgen is informing healthcare professionals about the revisions to the
prescribing information through a joint "Dear Healthcare Professional" letter
with Janssen Products, LP and will post the letter, along with the modified
prescribing information on Amgen's website, www.amgen.com.
Amgen is in ongoing discussions with the FDA regarding additional
post-marketing required studies to further understand the benefit-risk profile
of ESAs in CKD patients on dialysis and not on dialysis.
About Aranesp and EPOGEN
Aranesp is indicated for the treatment of anemia due to CKD, including
patients on dialysis and not on dialysis.
EPOGEN is indicated for the treatment of anemia due to CKD, including
patients on dialysis and not on dialysis to decrease the need for red blood
cell (RBC) transfusions.
Aranesp and EPOGEN have not been shown to improve quality of life, fatigue,
or patient well-being.
Aranesp and EPOGEN are not indicated for use as a substitute for RBC
transfusions in patients who require immediate correction of anemia.
IMPORTANT SAFETY INFORMATION
WARNING: ESAs INCREASE THE RISK OF DEATH, MYOCARDIAL INFARCTION, STROKE,
VENOUS THROMBOEMBOLISM, THROMBOSIS OF VASCULAR ACCESS AND TUMOR PROGRESSION OR
RECURRENCE
Chronic Kidney Disease:
-- In controlled trials, patients experienced greater risks for death,
serious adverse cardiovascular reactions, and stroke when administered
erythropoiesis-stimulating agents (ESAs) to target a hemoglobin level of
greater than 11 g/dL.
-- No trial has identified a hemoglobin target level, ESA dose, or dosing
strategy that does not increase these risks.
-- Use the lowest Aranesp or EPOGEN dose sufficient to reduce the need for
red blood cell (RBC) transfusions.
Cancer:
-- ESAs shortened overall survival and/or increased the risk of tumor
progression or recurrence in clinical studies of patients with breast,
non-small cell lung, head and neck, lymphoid, and cervical cancers.
-- Prescribers and hospitals must enroll in and comply with the ESA APPRISE
Oncology Program to prescribe and/or dispense Aranesp or EPOGEN to
patients with cancer.
-- Use the lowest dose to avoid RBC transfusions.
-- Use ESAs only for anemia from myelosuppressive chemotherapy.
-- ESAs are not indicated for patients receiving myelosuppressive
chemotherapy when the anticipated outcome is cure.
-- Discontinue following the completion of a chemotherapy course.
Perisurgery: (EPOGEN)
-- Due to increased risk of deep venous thrombosis (DVT), DVT prophylaxis is
recommended.
-- Aranesp and EPOGEN are contraindicated in patients with uncontrolled
hypertension; pure red cell aplasia that begins after treatment with
Aranesp, EPOGEN, or other erythropoietin protein drugs; or serious
allergic reactions to Aranesp or EPOGEN.
-- EPOGEN from multidose vials is contraindicated in neonates, infants,
pregnant women, and nursing mothers.
For all patients who take Aranesp or EPOGEN, including patients with cancer
or chronic kidney disease:
-- If you decide to take Aranesp or EPOGEN, your healthcare provider should
prescribe the smallest dose of Aranesp or EPOGEN that is needed to reduce
your chance of getting red blood cell transfusions.
-- You may get serious heart problems such as heart attack, stroke, heart
failure, and may die sooner if you are treated with Aranesp or EPOGEN to
reach a normal or near-normal hemoglobin level.
-- You may get blood clots at any time while taking Aranesp or EPOGEN. If
you are receiving Aranesp or EPOGEN for any reason and you are going to
have surgery, talk to your healthcare provider about whether or not you
need to take a blood thinner to lessen the chance of blood clots during
or following surgery. Clots can form in blood vessels (veins),
especially in your leg (deep venous thrombosis or DVT). Pieces of a
blood clot may travel to the lungs and block the blood circulation in the
lungs (pulmonary embolus).
About Amgen
Amgen discovers, develops, manufactures and delivers innovative human
therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first
companies to realize the new science's promise by bringing safe and effective
medicines from lab, to manufacturing plant, to patient. Amgen therapeutics have
changed the practice of medicine, helping millions of people around the world
in the fight against cancer, kidney disease, rheumatoid arthritis, bone disease
and other serious illnesses. With a deep and broad pipeline of potential new
medicines, Amgen remains committed to advancing science to dramatically improve
people's lives. To learn more about our pioneering science and our vital
medicines, visit www.amgen.com.
Forward-Looking Statements
This news release contains forward-looking statements that are based on
management's current expectations and beliefs and are subject to a number of
risks, uncertainties and assumptions that could cause actual results to differ
materially from those described. All statements, other than statements of
historical fact, are statements that could be deemed forward-looking
statements, including estimates of revenues, operating margins, capital
expenditures, cash, other financial metrics, expected legal, arbitration,
political, regulatory or clinical results or practices, customer and prescriber
patterns or practices, reimbursement activities and outcomes and other such
estimates and results. Forward-looking statements involve significant risks and
uncertainties, including those discussed below and more fully described in the
Securities and Exchange Commission (SEC) reports filed by Amgen, including
Amgen's most recent annual report on Form 10-K and most recent periodic reports
on Form 10-Q and Form 8-K. Please refer to Amgen's most recent Forms 10-K, 10-Q
and 8-K for additional information on the uncertainties and risk factors
related to our business. Unless otherwise noted, Amgen is providing this
information as of June 24, 2011 and expressly disclaims any duty to update
information contained in this news release.
(MORE TO FOLLOW) Dow Jones Newswires
06-24-11 1151ET
11:51 062411
Amgen, J&J Anemia Drugs Won't Face New U.S. Coverage Policy
San Francisco Chronicle16 Jun 2011
Summary
Amgen and J&J won't face new reimbursement limits for their anemia medicines after U.S. regulators decided against issuing a national coverage policy. CMS proposed in March to maintain current standards for using Amgen's Aranesp and Epogen and J&J's Procrit, leaving coverage determination to regional Medicare contractors that process reimbursement claims. The agency made the proposal final. "Given the totality of the currently available evidence, CMS will not issue a national coverage determination at this time," the agency said.
Article Text
Amgen Inc. and Johnson & Johnson won't face new reimbursement limits for their anemia medicines after U.S. regulators decided against issuing a national coverage policy.
The Centers for Medicare and Medicaid Services proposed in March to maintain current standards for using Amgen's Aranesp and Epogen and J&J's Procrit, leaving coverage determination to regional Medicare contractors that process reimbursement claims. The agency made the proposal final today.
"Given the totality of the currently available evidence, CMS will not issue a national coverage determination at this time," the agency said on its website.
The decision removes an "overhang" on shares of Thousand Oaks, California-based Amgen, said Michael Yee, an analyst with RBC Capital Markets, in a research note last week. Maintaining the coverage policy won't affect revenue at the company, the world's largest biotechnology firm, he said.
"There simply, and rationally, isn't enough info at this time to change current treatment guidelines," Yee, based in San Francisco, wrote in a June 9 note to clients.
J&J, the world's second-biggest seller of health-care products after New York-based Pfizer Inc., is based in New Brunswick, New Jersey.
why thank you marked you also :)
19:01:00 UK's NICE Backs Amgen's Nplate In ITP Bleeding Disorder
LONDON (Dow Jones)--U.K.'s healthcare cost-effectiveness regulator Wednesday
said it backed Amgen Inc. (AMGN) injectable product Nplate's use on the
publicly-funded National Health Service for treating certain patients with a
bleeding disorder called chronic idiopathic immune thrombocytopenic purpura, or
ITP.
ITP is a bleeding disorder caused by abnormally low levels of platelets in
the blood. Platelets assist in blood-clotting.
Nplate is a protein that mimics the action of thrombopoietin, a glycoprotein
hormone produced mainly by the liver and the kidney that regulates the
production of large bone marrow cells called megakaryocytes.
Explaining its final guidance on the issue, the National Institute for Health
and Clinical Excellence, or NICE, said it would recommend Nplate--also known as
romiplostim--be used by the NHS in treating adults with chronic ITP if their
condition doesn't respond to standard active treatments and rescue therapies,
or if they have severe disease and a high risk of bleeding that requires
frequent courses of rescue therapies, and provided that Amgen makes romiplostim
available with the rebate on the list price agreed under the patient access
scheme.
NICE Director Carole Longson in a statement said: "We are pleased to be able
to recommend the use of romiplostim as a clinically and cost effective
treatment for some people with severe, chronic ITP, a serious and sometimes
debilitating disorder. The manufacturer submitted a patient access scheme, and
the cost of the treatment to the NHS is reduced."
-By Sten Stovall, Dow Jones Newswires; +44 207 842 9292;
sten.stovall@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=YcrIY3p5tzkpolxAZ7HN9w%3D%3D. You can use
this link on the day this article is published and the following day.
(END) Dow Jones Newswires
04-26-11 1901ET
Copyright (c) 2011 Dow Jones & Company, Inc.
19:01 042611
All good points --- thx. for bounceback. Gotcha' marked!
Hello EZ2 The dividend is very good news along with the $5B share buy back. But there are head winds... "Amgen projected
tepid revenue growth over the next few years, due in part to increased competition and the challenge of launching a pair of new bone drugs."
Ok that said... Amgen's been in a channel for at least a year and a half now. Support is about $50 with the ceiling being about $60. So if I was looking at getting into AMGN I'd give it at least a week or two (especially next week) to see if the weakness continues from Thursdays sell off. Nearer to $50 would be a better buying start point....with a scale in process...then I'd stop somewhere in the mid 50's and then wait for the dividend.
Stocks then usually pull back a little bit on that div date so you then can da little more addition if your inclined. imho.
Thoughts on the recent "dividend" announcement --- thinking of taking a position here, but need to do a bit more research.
Thx !
EZ
08:58:51 AMGN HYPE3. HYPMY Amgen Buys Bergamo For About $215M >AMGN
Amgen Acquires Privately Held Brazilian Pharmaceutical Company Bergamo and
Agrees to Reacquire Rights to Certain Amgen Products in Brazil from Hypermarcas
THOUSAND OAKS, Calif., April 8, 2011 /PRNewswire/ -- Amgen (NASDAQ: AMGN),
the world's largest biotechnology company, announced today the expansion of its
operations in Brazil, including the acquisition of Bergamo, a privately-held
Brazilian pharmaceutical company. Amgen has also agreed to reacquire rights in
Brazil to its products that were previously granted to Mantecorp (subsequently
acquired by Hypermarcas). Together, these transactions will provide Amgen a
significant presence in Brazil and immediate, direct access to one of the
fastest growing pharmaceutical markets in the world.
Bergamo is a leading supplier of medicines to the hospital sector in Brazil
with capabilities in oncology medicines and has manufacturing facilities in Sao
Paulo state. Bergamo had gross revenues of US $80 million in 2010 and has been
growing at an annual rate of 19 percent since 2007. Under terms of the
transaction announced today, Amgen gained full ownership of Bergamo by
purchasing it for approximately US $215 million.
Amgen has entered into an agreement in principle with Hypermarcas to
reacquire the rights in Brazil to several of Amgen's innovative medicines, two
of which are already approved in Brazil, Vectibix(R) (panitumumab) and
Mimpara(R) (cinacalcet), and a third, romiplostim, (registered as Nplate(R) in
the United States), a treatment for the blood disorder ITP, which is currently
under review by ANVISA, the regulatory authority in Brazil.
"Amgen's strategic goal is to make our innovative medicines available to
patients in major markets around the world," said Kevin Sharer, Amgen's
chairman and chief executive officer. "Acquiring Bergamo, a profitable company
with an established local infrastructure, and regaining the rights to our
products in Brazil, provides us an attractive entry into the Brazilian market."
The focus on Brazil is part of a wider international expansion strategy for
Amgen. Brazil is among the top 10 pharmaceutical markets in the world and in
recent years has been growing at a rate of about 12 percent per year. It is
expected to be the world's fifth largest pharmaceutical market by 2015.
About Amgen
Amgen discovers, develops, manufactures, and delivers innovative human
therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first
companies to realize the new science's promise by bringing safe, effective
medicines from lab to manufacturing plant to patient. Amgen therapeutics have
changed the practice of medicine, helping millions of people around the world
in the fight against cancer, kidney disease, rheumatoid arthritis, bone
disease, and other serious illnesses. With a deep and broad pipeline of
potential new medicines, Amgen remains committed to advancing science to
dramatically improve people's lives. To learn more about our pioneering science
and vital medicines, visit www.amgen.com.
Forward Looking Statements
This news release contains forward-looking statements that involve
significant risks and uncertainties, including those discussed below and others
that can be found in our Form 10-K for the year ended Dec. 31, 2010, and in our
periodic reports on Form 10-Q and Form 8-K. Amgen is providing this information
as of the date of this news release and does not undertake any obligation to
update any forward-looking statements contained in this document as a result of
new information, future events or otherwise.
No forward-looking statement can be guaranteed and actual results may differ
materially from those we project. The Company's results may be affected by our
ability to successfully market both new and existing products domestically and
internationally, clinical and regulatory developments (domestic or foreign)
involving current and future products, sales growth of recently launched
products, competition from other products (domestic or foreign), difficulties
or delays in manufacturing our products. In addition, sales of our products are
affected by reimbursement policies imposed by third-party payors, including
governments, private insurance plans and managed care providers and may be
affected by regulatory, clinical and guideline developments and domestic and
international trends toward managed care and healthcare cost containment as
well as U.S. legislation affecting pharmaceutical pricing and reimbursement.
Government and others' regulations and reimbursement policies may affect the
development, usage and pricing of our products. Furthermore, our research,
testing, pricing, marketing and other operations are subject to extensive
regulation by domestic and foreign government regulatory authorities. We or
others could identify safety, side effects or manufacturing problems with our
products after they are on the market. Our business may be impacted by
government investigations, litigation and products liability claims. Further,
while we routinely obtain patents for our products and technology, the
protection offered by our patents and patent applications may be challenged,
invalidated or circumvented by our competitors. We depend on third parties for
a significant portion of our manufacturing capacity for the supply of certain
of our current and future products and limits on supply may constrain sales of
certain of our current products and product candidate development. In addition,
we compete with other companies with respect to some of our marketed products
as well as for the discovery and development of new products. Discovery or
identification of new product candidates cannot be guaranteed and movement from
concept to product is uncertain; consequently, there can be no guarantee that
any particular product candidate will be successful and become a commercial
product. Further, some raw materials, medical devices and component parts for
our products are supplied by sole third-party suppliers.
Contact, Amgen Mary Klem, 805-447-6979 (U.S. media) Helen Mills, +41 41 3690
315 (EU media) Shirley Emerick +55 11 8924 8608 (Brazil media) Arvind Sood,
805-447-1060 (investors)
(Logo: http://photos.prnewswire.com/prnh/20081015/AMGENLOGO)
SOURCE Amgen
/Web site: http://www.amgen.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=3Bt%2BJHGJLtgZwhzC5SkF8g%3D%3D. You can
use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
04-08-11 0856ET
08:56 040811
very possible. With $17B in cash on hand now.... it will be VERY interesting how this quarter turns out...and what's ahead Z
The time of truth for Amgen (AMGN) in the aftermath of its vertical decline from the Jan 25 high at 58.19 to its Feb 24 low at 50.61.
Let's notice that on the enclosed weekly chart that last week's violation of a near two-year support line at 52.60 followed-through to the downside to 50.61 last Thursday, but then AMGN reversed powerfully to the upside -- perhaps in reaction to positive news about its phase 3 study on cancer drug XGEVA.
From a technical perspective, the sharp recover back to 52.67 earlier today leaves behind a potential weekly Bear Trap within a huge sideways, contracting pattern off of the high from September 2008 at 66.51. All of the price action since that time represents a digestion period of the powerful upleg from the March 2008 low at 39.16 to 66.51, which should be followed by another powerful recovery upleg when the digestion period is complete.
As long as the 50.60/50 area contains any forthcoming weakness, AMGN is ready for a powerful upside continuation move.
http://www.mptrader.com/middayminute/2/2011/28/
19:06:31 AMGN Amgen reports positive XGEVA (Denosumab) news
Amgen (AMGN) announced the publication of results from a Phase 3 head-to-head trial that compared XGEVA(TM) (denosumab) to Zometa (zoledronic acid) in preventing bone complications called skeletal-related events (SREs) in 1,901 men with prostate cancer and bone metastases. The study, published in The Lancet, met its primary and secondary endpoints and demonstrated XGEVA's superiority compared to Zometa in preventing SREs.
I know that Dr. Rubinfeld has been approched and may have and really mean "may have" joined the board. That's not uncommon....but I do have reservations that he really has. It's not uncommone for these startups to just "pay" these guys to use there name to get investors to buy in more. Be VERY VERY careful here....DO NOT go all in. imho. Z
Regenicin inc (RGIN) I was wondering if any of you guys have heard of this stock? Also that Dr. Joseph Rubinfeld co-founder of Amgen (AMGN) is part of (RGIN) now? Do you think he is a good fit?
07:36:41 CYTK Cytokinetics, Amgen Plan To Start Phase IIb Trial Of Intravenous Formulation Of Omecamtiv Mecarbil.
16:13:57 Today AMGN Amgen beats by $0.06, reports revs in-line; guides FY11 EPS below consensus, revs in-line
Reports Q4 (Dec) earnings of $1.17 per share, $0.06 better than the Thomson Reuters consensus of $1.11; revenues rose 0.8% year/year to $3.84 bln vs the $3.81 bln consensus. Co reports Q4 drug sales as follows: Enbrel: $939 mln vs $907 mln consensus; Neulasta & Neupogen $1.24 bln vs the $1.21 bln consensus; Epogen $591 mln vs the $660.6 mln consensus; Arenesp $633 mln vs the $615.7 mln consensus. Co issues mixed guidance for FY11, sees EPS of $5.00-5.20 vs. $5.26 Thomson Reuters consensus; sees FY11 revs of $15.1-15.5 bln vs. $15.22 bln Thomson Reuters consensus.
16:57:13 Today AMGN Amgen to acquire BioVex, a privately held biotechnology co, for up to $1 bln
AMGN announced that the cos have entered into a definitive acquisition agreement under which Amgen has agreed to acquire BioVex Group, a privately held, venture-funded, biotechnology co headquartered in Woburn, Mass. BioVex is developing OncoVEX(GM-CSF), a novel oncolytic vaccine in Phase 3 clinical development, that may represent a new approach to treating melanoma and head and neck cancer. Under terms of the agreement, AMGN will pay up to $1 bln: $425 mln in cash at closing and up to $575 mln in additional payments upon the achievement of certain regulatory and sales milestones. The transaction has been approved by the boards of directors of each co. It is subject to customary closing conditions, including regulatory approvals, and is expected to close in Q1 of 2011. Following the completion of the transaction, BioVex will become a wholly owned subsidiary of Amgen.
My work is telling me that Amgen (AMGN) has an extremely bullish near and intermediate term technical set-up. Call it a giant base pattern that started in early 2007, or call it a giant coil type of sideways consolidation period. Both patterns argue for possibly acute bullish outcomes that propel AMGN towards 62.50, and then 65.00 subsequently.
Now that earnings are due for release after today's close, it is possible -- perhaps likely -- that the bullish catalyst will be coming in the form of revenues, very constructive guidance, and the company outlook for the future. Then again, earnings -- and reaction to earnings -- can be, and usually are, very tricky and volatile periods. While we are holding our AMGN model portfolio position into and through earnings because my work is telling me the chart structure is ripe for an upside breakout, I encourage you to seriously examine your own risk tolerance if you plan to hold AMGN into tonight's report.
Otherwise, take profits into today's strength, and sit tight for tonight's results.
http://www.mptrader.com/middayminute/1/2011/24/
16:45:22 Today AMGN PRESS RELEASE: Boehringer Ingelheim to Purchase Amgen's Fremont
(California) Facility
Boehringer Ingelheim to Strengthen Global Biopharma Presence and Amgen to
Maintain Strong Presence in San Francisco Bay Area Biotech Hub
THOUSAND OAKS, Calif. and INGELHEIM, Germany, Jan. 18, 2011 /PRNewswire/ --
Amgen Inc. (Nasdaq: AMGN) and Boehringer Ingelheim today announced they have
signed an agreement under which Boehringer Ingelheim will acquire Amgen's
rights in and substantially all assets at Amgen's Fremont California
development and manufacturing facility.
The transaction has been approved by the board of directors of each company
and is expected to close in March of this year. The Amgen Fremont facility
currently employs approximately 360 employees and is a state-of-the-art,
100,000-square-foot manufacturing facility with pilot plant and process
development labs.
"With great enthusiasm, we look forward to welcoming the Amgen Fremont
employees into the Boehringer Ingelheim family of companies," said Prof. Dr.
Wolfram Carius, Boehringer Ingelheim Board of Managing Directors. "The
technological expertise at Fremont and the state-of-the-art facility will
enable us to further strengthen our global Contract Manufacturing Business
including new biological entity process development and manufacturing efforts.
We greatly value our relationship with Amgen and are enthusiastic about joining
the San Francisco Bay Area biotechnology community and for the opportunity to
better serve our current and future contract manufacturing customers."
Boehringer Ingelheim has been a contract manufacturer for Amgen for more than
ten years.
"We are pleased to be able to build upon a successful contract manufacturing
relationship with Boehringer Ingelheim," said Fabrizio Bonanni, Dr. Chem.,
Amgen executive vice president of Operations. "We look forward to continuing to
work closely with them to support Amgen's delivery of safe and effective
medicines to patients around the world."
Amgen obtained the Fremont facility through its 2006 acquisition of Abgenix.
Amgen will continue to have a key presence in the San Francisco Bay Area
biotechnology community through its South San Francisco facility, one of the
company's key research centers.
About Amgen
Amgen discovers, develops, manufactures and delivers innovative human
therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first
companies to realize the new science's promise by bringing safe and effective
medicines from lab, to manufacturing plant, to patient. Amgen therapeutics have
changed the practice of medicine, helping millions of people around the world
in the fight against cancer, kidney disease, rheumatoid arthritis, psoriasis,
psoriatic arthritis and other serious illnesses. With a deep and broad pipeline
of potential new medicines, Amgen remains committed to advancing science to
dramatically improve people's lives. To learn more about our pioneering science
and our vital medicines, visit www.amgen.com.
About Boehringer Ingelheim
Boehringer Ingelheim is one of the world's leading companies for contract
development and manufacturing of biopharmaceuticals. All types of services from
mammalian cell line or microbial strain development to final drug production
and global market supply can be delivered within a one-stop-shop concept.
Boehringer Ingelheim has brought 18 molecules to market and has many years of
experience in multiple molecule classes such as monoclonal antibodies,
recombinant proteins, interferons, enzymes, fusion molecules, novel scaffold
proteins and plasmid DNA. For more information please visit
www.biopharma-cmo.com.
The Boehringer Ingelheim group is one of the world's 20 leading
pharmaceutical companies. Headquartered in Ingelheim, Germany, it operates
globally with 142 affiliates in 50 countries and more than 41,500 employees.
For over 125 years, the family-owned company has been committed to researching,
developing, manufacturing and marketing novel products of high therapeutic
value for human and veterinary medicine. In 2009, Boehringer Ingelheim posted
net sales of 12.7 billion euro while spending 21% of net sales in its largest
business segment Prescription Medicines on research and development. For more
information please visit www.boehringer-ingelheim.com.
Forward-Looking Statements
This news release contains forward-looking statements that involve
significant risks and uncertainties, including those discussed below and others
that can be found in our Form 10-K for the year ended Dec. 31, 2009, and in our
periodic reports on Form 10-Q and Form 8-K. Amgen is providing this information
as of the date of this news release and does not undertake any obligation to
update any forward-looking statements contained in this document as a result of
new information, future events or otherwise.
No forward-looking statement can be guaranteed and actual results may differ
materially from those we project. The Company's results may be affected by our
ability to successfully market both new and existing products domestically and
internationally, clinical and regulatory developments (domestic or foreign)
involving current and future products, sales growth of recently launched
products, competition from other products (domestic or foreign) and
difficulties or delays in manufacturing our products. In addition, sales of our
products are affected by reimbursement policies imposed by third-party payors,
including governments, private insurance plans and managed care providers and
may be affected by regulatory, clinical and guideline developments and domestic
and international trends toward managed care and health care cost containment
as well as U.S. legislation affecting pharmaceutical pricing and reimbursement.
Government and others' regulations and reimbursement policies may affect the
development, usage and pricing of our products. Furthermore, our research,
testing, pricing, marketing and other operations are subject to extensive
regulation by domestic and foreign government regulatory authorities. We or
others could identify safety, side effects or manufacturing problems with our
products after they are on the market. Our business may be impacted by
government investigations, litigation and product liability claims. Further,
while we routinely obtain patents for our products and technology, the
protection offered by our patents and patent applications may be challenged,
invalidated or circumvented by our competitors. We depend on third parties for
a significant portion of our manufacturing capacity for the supply of certain
of our current and future products and limits on supply may constrain sales of
certain of our current products and product candidate development. In addition,
we compete with other companies with respect to some of our marketed products
as well as for the discovery and development of new products. Discovery or
identification of new product candidates cannot be guaranteed and movement from
concept to product is uncertain; consequently, there can be no guarantee that
any particular product candidate will be successful and become a commercial
product. Further, some raw materials, medical devices and component parts for
our products are supplied by sole third-party suppliers.
CONTACT: Amgen, Thousand Oaks
Mary Klem, 805-447-6979 (media)
Arvind Sood, 805-447-1060 (investors)
Contact: Boehringer Ingelheim
U.S. Media Inquiries:
Jason Kurtz, Communications & PR
440-201-3668
Jason.Kurtz@boehringer-ingelheim.com
Outside the U.S.:
Heidrun Thoma, Corporate Communications, Germany
49/6132 77 3966
Heidrun.Thoma@boehringer-ingelheim.com
Media + PR
Boehringer Ingelheim GmbH
55216 Ingelheim/Germany
E-mail: press@boehringer-ingelheim.com
Twitter: www.twitter.com/boehringer
(Logo: http://photos.prnewswire.com/prnh/20081015/AMGENLOGO)
(Logo: http://photos.prnewswire.com/prnh/20110118/LA31949LOGO)
SOURCE Amgen
/CONTACT: media, Mary Klem, +1-805-447-6979, or investors, Arvind Sood,
+1-805-447-1060, both of Amgen, Thousand Oaks; or U.S. Media Inquiries, Jason
Kurtz, Communications & PR, +1-440-201-3668,
Jason.Kurtz@boehringer-ingelheim.com, or Outside the U.S., Heidrun Thoma,
Corporate Communications, Germany, 49/6132 77 3966,
Heidrun.Thoma@boehringer-ingelheim.com, both of Boehringer Ingelheim, or Media
+ PR of Boehringer Ingelheim GmbH, press@boehringer-ingelheim.com, Twitter,
www.twitter.com/boehringer
/Web site: http://www.amgen.com
/Web site: http://www.boehringer-ingelheim.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=THT59nwDROUCYEhWfIqATQ%3D%3D. You can use
this link on the day this article is published and the following day.
(END) Dow Jones Newswires
01-18-11 1645ET
16:45 011811
My longer-term work on Amgen (AMGN) argues very strongly that the massive coil formation that has been carved out since the March 2008 low at 39.16 is morphing into a major base-like pattern that has the set-up and the potential to propel the stock to test its multi-year resistance at 65.00-66.50, possibly on the way to 70.00 thereafter.
As long as last week's low at 54.77 remains intact, my current very bullish scenario is my preferred outlook. Key near-term resistance resides at the Dec rally peak of 57.98, which if (when) hurdled will trigger strong buy signals that AMGN is starting to fulfill its technical upside potential.
http://www.mptrader.com/middayminute/1/2011/5/
17:52:46 AMGN Amgen announced : XGEVA (Denosumab) Significantly Improved Bone Metastasis-Free Survival in Men With Prostate Cancer
Co announced top-line results from a Phase 3 trial evaluating XGEVA(TM) (denosumab) versus placebo in 1,432 men with castrate-resistant prostate cancer. The trial, known as the '147 study, demonstrated that XGEVA significantly improved median bone metastasis-free survival by 4.2 months (HR=0.85, 95 percent CI 0.73-0.98, p=0.03) compared to placebo (primary endpoint), and significantly improved time to first occurrence of bone metastases (secondary endpoint). Overall survival was similar between the XGEVA and placebo groups (secondary endpoint).
16:18:00 Today AMGN Amgen Highlights Data to Be Presented at American Society of Hematology Annual Meeting
Amgen Highlights Data to Be Presented at American Society of Hematology Annual
Meeting
--Final Results From The Largest And Longest Study Of Nplate(R) For The Treatment
Of Adult Chronic ITP To Be Presented --Amgen Expands Amgen FIRST STEP(TM) Program
Co-Pay Coupon Benefits To Help Patients With Out-of-Pocket Costs For Neulasta(R)
And Nplate(R)
THOUSAND OAKS, Calif., Dec. 2, 2010 /PRNewswire via COMTEX/ -- Amgen (AMGN) today
announced that it will present data from several key Nplate(R) (romiplostim)
studies at the 52nd Annual Meeting and Exposition of the American Society of
Hematology (ASH), Dec. 4-7, 2010, in Orlando, Fla. Results from six studies
evaluating Nplate in adult patients with chronic immune (idiopathic)
thrombocytopenic purpura (ITP) add to the growing body of data supporting the use
of Nplate in this setting, including the final efficacy and safety results from
the largest and longest study of Nplate in adult chronic ITP. Amgen will also
present data for other marketed products including Neulasta(R) (pegfilgrastim)
and Aranesp(R) (darbepoetin alfa).
"The complete results from a 5-year open-label extension study of Nplate in the
adult chronic ITP setting show that Nplate increases and sustains platelet counts
in these patients and that adverse event rates were consistent with those
reported in previous studies," said Sean Harper, M.D., senior vice president,
Global Development and Chief Medical Officer at Amgen. "This is the largest and
longest study of Nplate in this setting, and reinforces the potential of Nplate
as a long-term treatment option."
Amgen also announced the expansion of its Neulasta FIRST STEP(R) Program to its
newly established co-pay coupon umbrella program, the Amgen FIRST STEP(TM)
Program for commercially insured patients. The Amgen FIRST STEP(TM) Program will
feature the Nplate FIRST STEP(TM) Program and Neulasta FIRST STEP(R) Programs.
The Amgen FIRST STEP(TM) Program is significant among oncology commercial co-pay
coupon programs, as it is the first program under the medical benefit with no
income eligibility requirement. The program is intended to help eligible patients
meet their deductible, co-insurance, and/or co-payment requirements under the
medical benefit for Neulasta and Nplate. Under this program, eligible patients
will incur no out of pocket costs for their first Nplate or Neulasta treatment
associated with a new treatment regimen and will pay a maximum of $25 for
subsequent injections. More information, eligibility requirements, restrictions
and limitations about the co-pay coupon program are available at
AmgenFIRSTSTEP.com.
SELECTED ABSTRACTS OF INTEREST INCLUDE:
Abstracts are available on the ASH website at http://www.hematology.org and
updated data will be presented at the meeting.
Nplate ITP Data
Long-Term Efficacy and Safety of Romiplostim Treatment of Adult Patients with
Chronic Immune Thrombocytopenia (ITP): Final Report from an Open-Label Extension
Study
(Abstract No. 68; Oral Presentation; Sunday, Dec. 5, 4:45 p.m. EST, room 230)
The Effects of Romiplostim or Standard of Care (SOC) on Splenectomy and Treatment
Failure of Patients Who Had Immune Thrombocytopenia (ITP) for Less Than or Equal
to One Year
(Abstract No. 3702; Poster III-481; Monday, Dec. 6, 6:00 p.m.-8:00 p.m. EST, Hall
A3/A4)
Analysis of Mortality Rates During Romiplostim Clinical Studies of Patients (Pts)
with Immune Thrombocytopenia (ITP)
Abstract No. 3701; Poster III-480; Monday, Dec. 6, 6:00 p.m.-8:00 p.m. EST, Hall
A3/A4)
Patient Quality of Life (QoL) in Nonsplenectomized Immune Thrombocytopenia (ITP)
Patients Receiving Romiplostim or Medical Standard of Care (SOC)
(Abstract No. 569; Oral Presentation; Monday, Dec. 6, 3:45 p.m. EST, Room 340)
Evaluation of Romiplostim in a Randomized Placebo-Controlled Phase 3 Study of a
Japanese Population with Chronic Immune Thrombocytopenia (ITP)
(Abstract No. 3704; Poster III-483; Monday, Dec. 6, 6:00 p.m.-8:00 p.m. EST, Hall
A3/A4)
Impact Assessment of Immunogenicity of Romiplostim in Subjects with Immune
Thrombocytopenic Purpura (ITP)
Abstract No. 2517; Poster II-397; Sunday, Dec. 5, 6:00 p.m.-8:00 p.m. EST, Hall
A3/A4)
Nplate MDS Data
Update from an Open-Label Extension Study Evaluating the Long-Term Safety and
Efficacy of Romiplostim in Thrombocytopenic Patients (Pts) with Myelodysplastic
Syndromes (MDS)
(Abstract No. 1885; Poster I-865; Saturday, Dec. 4, 5:30 p.m.-7:30 p.m. EST, Hall
A3/A4)
Associations Between Platelet Count and Survival and Disease Progression in
Thrombocytopenic Patients with Myelodysplastic Syndromes
Abstract No. 2905; Poster II-785; Sunday, Dec. 5, 6:00 p.m. EST, Hall A3/A4)
Neulasta
Pegfilgrastim Use Associated with Lower Risk of Hospitalization Than Filgrastim
Use: A Retrospective US Claims Analysis
(Abstract No. 3801; Poster III-580; Monday, Dec. 6, 6:00 PM-8:00 p.m. EST, Hall
A3/A4)
Underreporting of Myelotoxicity with Emerging Regimens for Selected Hematologic
Malignancies
(Abstract No. 1501; Poster I-481; Saturday, Dec. 4, 5:30 p.m.-7:30 p.m. EST, Hall
A3/A4)
Clinic Staff Time and Labor Costs Associated with Administering Pegfilgrastim as
Compared with Filgrastim to Patients Receiving Myelosuppressive Chemotherapy:
Results of a Health Economic Model
(Abstract No. 1515; Poster I-495; Saturday, Dec. 4, 5:30 p.m.-7:30 p.m. EST, Hall
A3/A4)
Aranesp
Real-Life Cost Analysis of Anemia Treatment with Erythropoiesis Stimulating
Agents In Cancer Patients Receiving Chemotherapy
(Abstract No. 3811; Poster III-590; Monday, Dec. 6, 6:00 p.m.-8:00 p.m. EST, Hall
A3/A4)
About Adult ITP
In patients with ITP, platelets - blood elements needed to prevent bleeding - are
destroyed by the patient's own immune system. Recent data also suggest that low
platelet counts in the blood may be caused by the inability of the body's natural
processes to produce platelets. Low platelet counts leave adult ITP patients open
to sudden serious bleeding events. The risk for serious bleeding events increases
when platelet counts drop to less than 30,000 platelets per microliter; normal
counts range from 150,000 to 400,000 platelets per microliter. ITP has
historically been considered a disease of platelet destruction although recent
data suggest that the body's natural platelet production processes in ITP are
unable to compensate for low levels of platelets in the blood. Increasing the
rate of platelet production may address low platelet levels associated with ITP.
Some other available treatments (e.g., corticosteroids, immunoglobulins) are
often unsuitable for long-term use due to tolerability issues and poor
predictability of response.Surgical therapy (removal of the spleen) can be an
option for many adult patients with chronic ITP, but does not work in all cases,
and can be contraindicated in certain cases.Currently, there are approximately
90,000 adult chronic ITP patients in Europe and the United States (U.S.). ITP
affects about twice as many adult women as men.
About Nplate
Nplate is the first platelet producer approved in the European Union (EU),
Canada, Australia, Russia, Switzerland, Mexico and the U.S. Nplate also has
received orphan designation for chronic ITP in the U.S. (2003), the EU (2005),
Switzerland (2005), Japan (2006) and Mexico (2010).
Nplate is the first FDA approved treatment specifically for adult chronic ITP. It
is also being investigated for potential use in children ages 12 months to 18
years old with persistent severe thrombocytopenia, myelodysplastic syndromes
(MDS) and chemotherapy-induced thrombocytopenia (CIT).
In the U.S., Nplate is indicated for the treatment of thrombocytopenia in
patients with chronic immune ITP who have had an insufficient response to
corticosteroids, immunoglobulins or splenectomy. Nplate should be used only in
patients with ITP whose degree of thrombocytopenia and clinical condition
increases the risk for bleeding. Nplate should not be used in an attempt to
normalize platelet counts.
In the EU, Nplate is indicated for the treatment of splenectomized adult chronic
ITP patients who are refractory to other treatments (e.g. corticosteroids,
immunoglobulins). Nplate may be considered as a second-line treatment for adult
non-splenectomized ITP patients for whom surgery is contraindicated.
Nplate was named as a recipient of the U.S. Prix Galien 2009 "Best Biotechnology
Product" award and also received the 2009 Scrip Awards for "Best New Drug."
Nplate has also been honored with numerous awards throughout the EU, including a
2010 Prix Galien in France in the category of "Drugs for Rare Diseases." In
September 2010, Nplate was awarded the 2010 International Prix Galien Award, an
award granted every two years which recognizes the "best of the best" selected
from previous national Prix Galien award recipients.
For more information about Nplate, please visit http://www.Nplate.com.
Important U.S. Nplate Safety Information
Serious adverse reactions associated with Nplate in clinical studies were bone
marrow reticulin deposition and worsening thrombocytopenia after Nplate
discontinuation. Additional risks include bone marrow fibrosis,
thrombotic/thromboembolic complications, lack or loss of response to Nplate, and
hematological malignancies and progression of malignancy in patients with a
pre-existing hematological malignancy or MDS. Nplate is not indicated for the
treatment of thrombocytopenia due to MDS or any cause of thrombocytopenia other
than chronic ITP.
In the U.S., Nplate is available only through a restricted distribution program
called Nplate(R) NEXUS (Network of Experts Understanding and Supporting Nplate
and Patients) Program.
In the placebo-controlled studies, headache was the most commonly reported
adverse drug reaction.
Important EU Nplate Safety Information
The most common side effects are headache, fatigue, arthralgia, myalgia,
injection site bruising, injection site pain, oedema peripheral, dizziness,
muscle spasms, nausea, contusion, diarrhea, bone marrow disorder, influenza-like
illness, insomnia and pruritus.
Reoccurrence of thrombocytopenia and bleeding after cessation of treatment and
increased bone marrow reticulin have been associated with Nplate treatment in the
clinical trials. Thrombotic/thromboembolic complications, progression of existing
hematopoietic malignancies or MDS, and effects on red and white blood cells are
all potential risks associated with Nplate treatment. As with all therapeutic
proteins, patients may develop antibodies to the therapeutic protein.
About Neulasta and NEUPOGEN(R)
Neulasta is indicated to decrease the incidence of infection, as manifested by
febrile neutropenia, in patients with nonmyeloid malignancies receiving
myelosuppressive anti-cancer drugs associated with a clinically significant
incidence of febrile neutropenia.
Neulasta is not indicated for the mobilization of peripheral blood progenitor
cells for hematopoietic stem cell transplantation.
NEUPOGEN (filgrastim) is indicated to decrease the incidence of infection' as
manifested by febrile neutropenia' in patients with nonmyeloid malignancies
receiving myelosuppressive anti-cancer drugs associated with a significant
incidence of severe neutropenia with fever.
Please refer to the Important European Product Safety Information section for
approved indications in the EU.
Important U.S. Product Safety Information
Do not administer Neulasta or NEUPOGEN to patients with a history of serious
allergic reactions to pegfilgrastim or filgrastim. NEUPOGEN is contraindicated in
patients with known hypersensitivity to E. coli-derived proteins, such as
filgrastim.
Serious allergic reactions, including anaphylaxis, can occur in patients
receiving Neulasta or NEUPOGEN. Permanently discontinue Neulasta or NEUPOGEN in
patients with serious allergic reactions.
Splenic rupture, including fatal cases, can occur following the administration of
Neulasta and NEUPOGEN.
Acute respiratory distress syndrome (ARDS) can occur in patients receiving
Neulasta or NEUPOGEN.
Alveolar hemorrhage, manifesting as pulmonary infiltrates and hemoptysis
requiring hospitalization, has been reported in healthy donors undergoing
peripheral blood progenitor cell mobilization, an unapproved use of NEUPOGEN.
Hemoptysis resolved with discontinuation of NEUPOGEN.
Bone pain and pain in extremity occurred at a higher incidence in
Neulasta-treated patients as compared with placebo-treated patients. In clinical
trials involving NEUPOGEN, bone pain was most frequently reported adverse event.
Important European Product Safety Information
For full prescribing information please see the Summary of Product
Characteristics for each product.
NEUPOGEN is indicated for reduction in duration of neutropenia and incidence of
febrile neutropenia after established cytotoxic chemotherapy for malignancy (with
the exception of chronic myeloid leukaemia and myelodysplastic syndromes);
reduction in duration of neutropenia in patients undergoing myeloablative therapy
followed by bone marrow transplantation considered to be at increased risk of
prolonged severe neutropenia. The safety and efficacy of NEUPOGEN are similar in
adults and children receiving cytotoxic chemotherapy. NEUPOGEN is indicated for
mobilisation of peripheral blood progenitor cells (PBPCs); long-term treatment to
increase neutrophil counts and reduce incidence and duration of infection-related
events in patients with severe congenital, cyclic, or idiopathic neutropenia
treatment of persistent neutropenia in patients with advanced HIV infection.
NEUPOGEN is contraindicated in patients with hypersensitivity to filgrastim or
excipients. Not to be used for escalation of cytotoxic chemotherapy doses above
established regimens or administered to patients with severe congenital
neutropenia (Kostman's Syndrome) with abnormal cytogenetics.
Administer NEUPOGEN with caution in secondary AML. Safety and efficacy of
NEUPOGEN not established inde novoAML patients < 55 years with good
cytogenetics (t(8;21), t(15;17) and inv(16)). The onset of pulmonary signs
(cough, fever, dyspnoea) in association with radiological signs of pulmonary
infiltrates and deterioration in pulmonary function may be preliminary signs of
Acute Respiratory Distress Syndrome (ARDS). Discontinue NEUPOGEN and give
appropriate treatment.
Other adverse events of special importance associated with NEUPOGEN include GvHD
and fatalities in patients receiving G-CSF after allogeneic bone marrow
transplantation, very rare cases of splenic rupture reported in healthy donors
and patients, and hypersensitivity-type reactions in cancer patients. NEUPOGEN
should be permanently discontinued in patients who experience a serious allergic
reaction. NEUPOGEN is not recommended in period 24 hours before to 24 hours after
chemotherapy. Neulasta is indicated for the reduction in the duration of
neutropenia and the incidence of febrile neutropenia in patients treated with
cytotoxic chemotherapy for malignancy (with the exception of chronic myeloid
leukaemia and myelodysplastic syndromes).
Neulasta is contraindicated in patients with hypersensitivity to pegfilgrastim or
excipients.
Neulasta should not be used in patients with MDS, CML and secondary AML. The
safety and efficacy of Neulasta administration inde novoAML patients aged < 55
years with cytogenetics t(15;17) have not been established.
Neulasta should be discontinued following preliminary signs of ARDS. Spleen size
should be carefully monitored and caution exercised when administering in
patients with sickle cell disease. Safety and efficacy of Neulasta for
mobilisation of blood progenitor cells in patients or healthy donors has not been
adequately evaluated.
Other adverse events of special importance associated with Neulasta include bone
pain, allergic-type reactions including anaphylaxis (pegfilgrastim should be
permanently discontinued in patients who experience a serious allergic reaction)
and very rare cases of splenic rupture including fatal cases. Neulasta should be
administered approximately 24 hours after administration of cytotoxic
chemotherapy.
About Aranesp
Aranesp was approved by the FDA in 2001 for the treatment of anemia associated
with chronic renal failure (CRF) for patients on dialysis and patients not on
dialysis. The European Commission granted marketing authorization for the same
indication in 2001 and subsequently updated it for CRF patients with symptomatic
anemia in 2008.
In 2002, the FDA approved Aranesp for the treatment of anemia caused by
concomitantly administered chemotherapy in patients with nonmyeloid malignancies.
The European Commission authorized the treatment of anemia caused by
concomitantly administered chemotherapy in patients with non-haematological
malignancies in 2002 and extended it to include non-myeloid malignancies in
patients receiving chemotherapy in 2003.
Important U.S. Product Safety Information
Aranesp is indicated for the treatment of anemia due to the effect of
concomitantly administered chemotherapy based on studies that have shown a
reduction in the need for red blood cell transfusions in patients with
metastatic, non-myeloid malignancies. Studies to determine whether Aranesp
increases mortality or decreases progression-free/recurrence-free survival are
ongoing.
Aranesp is not indicated for use in patients receiving hormonal agents,
therapeutic biologic products, or radiotherapy unless receiving concomitant
myelosuppressive chemotherapy.
Aranesp is not indicated for patients receiving myelosuppressive therapy when the
anticipated outcome is cure due to the absence of studies that adequately
characterize the impact of Aranesp on progression-free and overall survival.
Aranesp use has not been demonstrated in controlled clinical trials to improve
symptoms of anemia, quality of life, fatigue, or patient well-being.
WARNINGS: INCREASED MORTALITY, SERIOUS CARDIOVASCULAR EVENTS, THROMBOEMBOLIC
EVENTS, STROKE AND INCREASED RISK OF TUMOR PROGRESSION OR RECURRENCE
Cancer:
ESAs shortened overall survival and/or increased the risk of tumor progression or
recurrence in some clinical studies in patients with breast, non-small cell lung,
head and neck, lymphoid, and cervical cancers.
To decrease these risks, as well as the risk of serious cardio- and
thrombovascular events, use the lowest dose needed to avoid red blood cell
transfusion.
Because of these risks, prescribers and hospitals must enroll in and comply with
the ESA APPRISE Oncology Program to prescribe and/or dispense Aranesp, EPOGEN(R)
or PROCRIT(R) to patients with cancer. To enroll in the ESA APPRISE Oncology
Program, visit http://www.esa-apprise.com/ or call 1-866-284-8089 for further
assistance.
Use ESAs only for treatment of anemia due to concomitant myelosuppressive
chemotherapy.
ESAs are not indicated for patients receiving myelosuppressive therapy when the
anticipated outcome is cure.
Discontinue following the completion of a chemotherapy course.
ESAs are contraindicated in patients with uncontrolled hypertension.
Important European Product Safety Information
For full prescribing information please see the Summary of Product
Characteristics.
Aranesp is indicated for treatment of symptomatic anaemia in adult cancer
patients with non-myeloid malignancies receiving chemotherapy.
Aranesp is contraindicated in patients with poorly controlled hypertension.
Controlled clinical trials have not shown significant benefits attributable to
the administration of epoetins when haemoglobin concentration is increased beyond
the level necessary to control symptoms of anaemia and to avoid blood
transfusion.
In controlled clinical studies, use of Aranesp and other ESAs have shown:
shortened time to tumour progression in patients with advanced head and neck
cancer receiving radiation therapy when administered to target Hb > 14 g/dL;
ESAs are not indicated for use in this patient population
shortened overall survival and increased deaths attributed to disease progression
at 4 months in patients with metastatic breast cancer receiving chemotherapy when
administered to target Hb 12-14 g/dL
increased risk of death when administered to target Hb of 12 g/dl (7.5 mmol/l) in
patients with active malignant disease receiving neither chemotherapy nor
radiation therapy; ESAs are not indicated for use in this patient population.
In some clinical situations blood transfusion should be the preferred treatment
for the management of anaemia in patients with cancer. The decision to administer
recombinant erythropoietins should be based on a benefit-risk assessment with the
participation of the individual patient, which should take into account the
specific clinical context. Factors that should be considered in this assessment
should include the type of tumour and its stage; the degree of anaemia;
life-expectancy; the environment in which the patient is being treated; and
patient preference.
In patients with solid tumours or lymphoproliferative malignancies, if Hb >12
g/dL, the dose should be reduced/held to minimise the potential risk of
thromboembolic events.
Discontinue use after the end of chemotherapy.
About Amgen
Amgen discovers, develops, manufactures and delivers innovative human
therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first
companies to realize the new science's promise by bringing safe and effective
medicines from lab, to manufacturing plant, to patient. Amgen therapeutics have
changed the practice of medicine, helping millions of people around the world in
the fight against cancer, kidney disease, rheumatoid arthritis and other serious
illnesses. With a deep and broad pipeline of potential new medicines, Amgen
remains committed to advancing science to dramatically improve people's lives. To
learn more about our pioneering science and our vital medicines, visit
http://www.amgen.com.
Forward-Looking Statements
This news release contains forward-looking statements that are based on
management's current expectations and beliefs and are subject to a number of
risks, uncertainties and assumptions that could cause actual results to differ
materially from those described.All statements, other than statements of
historical fact, are statements that could be deemed forward-looking statements,
including estimates of revenues, operating margins, capital expenditures, cash,
other financial metrics, expected legal, arbitration, political, regulatory or
clinical results or practices, customer and prescriber patterns or practices,
reimbursement activities and outcomes and other such estimates and
results.Forward-looking statements involve significant risks and uncertainties,
including those discussed below and more fully described in the Securities and
Exchange Commission (SEC) reports filed by Amgen, including Amgen's most recent
annual report on Form 10-K and most recent periodic reports on Form 10-Q and Form
8-K.Please refer to Amgen's most recent Forms 10-K, 10-Q and 8-K for additional
information on the uncertainties and risk factors related to our business.Unless
otherwise noted, Amgen is providing this information as of Dec. 2, 2010 and
expressly disclaims any duty to update information contained in this news
release.
No forward-looking statement can be guaranteed and actual results may differ
materially from those we project. Discovery or identification of new product
candidates or development of new indications for existing products cannot be
guaranteed and movement from concept to product is uncertain; consequently, there
can be no guarantee that any particular product candidate or development of a new
indication for an existing product will be successful and become a commercial
product. Further, preclinical results do not guarantee safe and effective
performance of product candidates in humans. The complexity of the human body
cannot be perfectly, or sometimes, even adequately modeled by computer or cell
culture systems or animal models. The length of time that it takes for us to
complete clinical trials and obtain regulatory approval for product marketing has
in the past varied and we expect similar variability in the future. We develop
product candidates internally and through licensing collaborations, partnerships
and joint ventures. Product candidates that are derived from relationships may be
subject to disputes between the parties or may prove to be not as effective or as
safe as we may have believed at the time of entering into such relationship.
Also, we or others could identify safety, side effects or manufacturing problems
with our products after they are on the market. Our business may be impacted by
government investigations, litigation and products liability claims. We depend on
third parties for a significant portion of our manufacturing capacity for the
supply of certain of our current and future products and limits on supply may
constrain sales of certain of our current products and product candidate
development.
In addition, sales of our products are affected by the reimbursement policies
imposed by third-party payors, including governments, private insurance plans and
managed care providers and may be affected by regulatory, clinical and guideline
developments, domestic and international trends toward managed care and health
care cost containment as well as U.S. legislation affecting pharmaceutical
pricing and reimbursement. Government and others' regulations and reimbursement
policies may affect the development, usage and pricing of our products. In
addition, we compete with other companies with respect to some of our marketed
products as well as for the discovery and development of new products. We believe
that some of our newer products, product candidates or new indications for
existing products, may face competition when and as they are approved and
marketed. Our products may compete against products that have lower prices,
established reimbursement, superior performance, are easier to administer, or
that are otherwise competitive with our products. In addition, while we routinely
obtain patents for our products and technology, the protection offered by our
patents and patent applications may be challenged, invalidated or circumvented by
our competitors and there can be no guarantee of our ability to obtain or
maintain patent protection for our products or product candidates. We cannot
guarantee that we will be able to produce commercially successful products or
maintain the commercial success of our existing products. Our stock price may be
affected by actual or perceived market opportunity, competitive position, and
success or failure of our products or product candidates. Further, the discovery
of significant problems with a product similar to one of our products that
implicate an entire class of products could have a material adverse effect on
sales of the affected products and on our business and results of operations.
The scientific information discussed in this news release relating to new
indications for our products is preliminary and investigative and is not part of
the labeling approved by the FDA for the products. The products are not approved
for theinvestigational use(s) discussed in this news release, and no conclusions
can or should be drawn regarding the safety or effectiveness of the products for
theseuses. Only the FDA can determine whether the products are safe and effective
for these uses. Healthcareprofessionals shouldrefer to and rely upon the
FDA-approved labeling for the products, and not the information discussed in this
news release.
Contact: Amgen, Thousand Oaks
Megan Fox: +1 805-447-1423 (U.S. media, oncology)
Carrie Deverell: +41 41 3690 308 (European media)
Arvind Sood: +1 805-447-1060 (Investors)
SOURCE Amgen
Copyright (C) 2010 PR Newswire. All rights reserved
no problem...been busy myself. Z
thanks for the assist spot! been busy, just noticed
19:24:05 AMGN Amgen Bone Drug Gets FDA Approval In Cancer-Related Bone Complications
07:44:50 UK's NICE Back's Amgen's Prolia For Certain At-Risk Woman
LONDON (Dow Jones)--The U.K.'s National Institute for Health and Clinical
Excellence, or NICE, Wednesday said it recommended Amgen's (AMGN) new Prolia as
a treatment option for certain postmenopausal women who are at increased risk
of primary and secondary osteoporotic fractures if other treatments available
on the publicly-funded National Health Service are unsuitable.
Prolia, also known as denosumab, is a monoclonal antibody that reduces bone
breakdown. It has UK marketing authorization for treating osteoporosis in
postmenopausal women at increased risk of fractures.
Carole Longson, Health Technology Evaluation Centre Director at NICE said:
"We are pleased to be able to recommend denosumab to help prevent osteoporotic
fractures in postmenopausal women at increased risk of fracture who are unable
to take oral bisphosphonates."
"Denosumab joins the range of treatments that NICE has already advised should
be available on the NHS, to help stop a fracture from occurring in the first
place, or to help women who have previously had a fracture."
Denosumab is administered as a single injection into the thigh, abdomen or
the back of the arm. The recommended dosage is 60 milligrams once every six
months. Each dose costs GBP183, which means that the annual cost of treatment
with denosumab is GBP366, NICE said.
-By Sten Stovall, Dow Jones Newswires; +44 207 842 9292;
sten.stovall@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=8c4Grn5K2raxJYVJ2xFirQ%3D%3D. You can use
this link on the day this article is published and the following day.
(END) Dow Jones Newswires
10-27-10 0744ET
Copyright (c) 2010 Dow Jones & Company, Inc.
07:44 102710
15:20:30 AMGN FDA Panel Backs Use Of Amgen's Aranesp For Kidney Disease Patients
By Jennifer Corbett Dooren
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--A Food and Drug Administration panel said Monday the
agency should continue to allow the use of Amgen Inc.'s (AMGN) Aranesp and
similar drugs in patients with chronic kidney disease who are not on dialysis.
The agency's cardiovascular and renal drugs advisory panel is currently
meeting to discuss whether the use of Aranesp in patients with kidney disease
should be restricted to certain patients--such as those who are undergoing
kidney dialysis--or whether doses should be lowered.
The panel voted 15-to-1 with one person abstaining against a question that
asked if the indication for Aranesp "for the treatment of anemia associated
with chronic renal failure for patients not on dialysis be withdrawn." Patients
who aren't on dialysis generally have less severe kidney disease than patients
who are on dialysis, which acts to take the place of failing kidneys by
filtering bodily fluids.
The panel, however, could vote later Monday to lower doses of the drug or to
recommend other restrictions. The panel meeting was prompted by new concerns
about whether Aranesp and similar drugs might increase risks of strokes and
other cardiovascular problems after the results of a clinical study known as
TREAT were released about a year ago.
That study, which looked at the use of Aranesp in patients with kidney
disease who were not on dialysis, didn't meet a goal of reducing death and
cardiovascular events in patients whose hemoglobin levels were targeted at 13
grams per deciliter of blood. [The current drug labels recommend not exceeding
12.] It also showed patients treated with Aranesp had double the rate of
strokes compared with patients not receiving the drug.
A warning about the risk of stroke was added to Aranesp's label along with
two other drugs, Epogen and Procrit, as a result of the TREAT study. The FDA is
asking the panel whether additional steps are needed beyond the label change.
Aranesp, Epogen and Procrit fall into a class known as
erythropoiesis-stimulating agents, or ESAs, and are designed to treat anemia by
boosting the number of red blood cells. Amgen makes all three drugs, but
Procrit is marketed by a unit of Johnson & Johnson (JNJ).
Anemia is a common side effect in patients with chronic kidney disease and
patients undergoing chemotherapy. If anemia can't be controlled patients need
to undergo blood transfusions. ESAs have been shown to reduce blood transfusion
rates.
ESAs, however, have been associated with various safety problems including
blood clots and concerns they promote tumor growth when used to target blood
hemoglobin levels higher than what's recommended in the labels. The FDA has
brought safety issues to various FDA panels, and warnings on the drugs' labels
have been updated several times since 2007. Although safety problems have been
seen when the drugs were used to target higher-than-recommended hemoglobin
levels, it's not entirely clear what hemoglobin level should be targeted to
avoid safety problems and provide benefits to patients.
Earlier this year, the FDA said it would place restrictions on ESAs with
regard to use in cancer patients by setting up a program that will require
doctors to register and undergo training on the risks and benefits of the drugs
in order to continue prescribing the medications.
-By Jennifer Corbett Dooren, Dow Jones Newswires; 202-862-9294;
jennifer.corbett@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=ZAztfERskB87p5Nmmx%2FWSA%3D%3D. You can
use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
10-18-10 1520ET
09:18:16 = AMGN Amgen Faces FDA Panel With Limited Risk
9:18 (Dow Jones) Amgen's (AMGN) facing another FDA panel review today of its
anemia drugs when used in kidney disease to see if stronger warnings or
restrictions are needed. AMGN has proposed changes to the drugs' labels to
limit usage and more conservative dosing. Soleil Securities sees any weakness
in AMGN shares as an opportunity as Street's already factoring in any actions
against the drugs. In addition, Street has incorporated reimbursement changes
for the drugs beginning next year. Jefferies estimates that the relevant
patient group accounts for less than $500M in US Aranesp sales, or about 3.3%
of AMGN's total revenue. AMGN down 0.8% to $56.27 premarket.
(thomas.gryta@dowjones.com)
Call us at (212) 416-2181 or email john.shipman@dowjones.com
Visit the Market Talk blog at www.djnmarkettalk.com.
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=ZAztfERskB87p5Nmmx%2FWSA%3D%3D. You can
use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
10-18-10 0918ET
Copyright (c) 2010 Dow Jones & Company, Inc.
09:18 101810
AMGN news from late yesterday...17:01:00 Oct 14 2010 Amgen Highlights Data to Be Presented at American Society for Bone and Mineral Research (ASBMR) Meeting
Amgen Highlights Data to Be Presented at American Society for Bone and Mineral
Research (ASBMR) Meeting
THOUSAND OAKS, Calif., Oct 14, 2010 /PRNewswire via COMTEX/ -- Amgen (AMGN) today
announced that results from several Prolia(TM) (denosumab) studies, as well as
analyses of the growing global burden of osteoporosis, will be presented at the
2010 American Society for Bone and Mineral Research (ASBMR) annual meeting in
Toronto, Ontario from Oct. 15-19, 2010.
"The continued need to reduce fractures caused by postmenopausal osteoporosis is
reinforced by data that will be presented at this year's ASBMR meeting. These
data highlight the global economic burden associated with osteoporotic fractures,
the challenges with adherence to oral therapies, and the link between adherence
and fracture outcomes," said Catherine Stehman-Breen, M.D., vice president of
Global Development at Amgen. "Additionally, safety and efficacy results from the
Prolia FREEDOM extension study will be available along with two new analyses of
FREEDOM that evaluated the effect of Prolia on bone strength."
ASBMR abstracts are available and can be viewed online at http://www.asbmr.org.
Identified below are selected abstracts of interest on Amgen research.
Prolia Clinical Data
Hip QCT Results From the FREEDOM Trial: Evidence for Positive
BMD/BMC Changes in Integral, Trabecular, and Cortical Bone
--With Denosumab
Lead Author: Prof. Harry K. Genant, University of California,
San Francisco
Abstract No. FR0410 Oral Plenary/Poster Presentation
(Friday, Oct. 15, 5:10 p.m.-5:15 p.m. ET)
Four years of denosumab exposure in women with PMO: Results
--from the first year extension of the FREEDOM Trial
Lead Author: Socrates Papapoulos, Leiden University Medical
Center, The Netherlands
Abstract No. 1025 Oral Presentation
(Saturday, Oct. 16, 10:00 a.m.-10:15 a.m. ET)
Denosumab Improves Both Femoral and Vertebral Strength in
--Women With Osteoporosis: Results From the FREEDOM Trial
Lead Author: Tony Keaveny, University of California, Berkeley
Abstract No. 1099 Oral Presentation
(Sunday, Oct. 17, 10:00 a.m.-10:15 a.m. ET)
Global and International Health Economic Data
Incremental Cost of Osteoporosis-related Fractures in a
--Large U.S. Managed Care Population
Lead Author: Hema Viswanathan
Abstract No. MO0404
(Monday, Oct. 18, 11:30 a.m.-1:30 p.m. ET)
Hospitalizations of Major Osteoporotic Fractures in
--Switzerland between 2000 and 2007
Lead Author: Kurt Lippuner, Osteoporosis Policlinic,
University of Bern, Switzerland Abstract No. SU0336
(Sunday, Oct. 17, 11:00 a.m.-1:00 p.m. ET)
Economic burden of osteoporosis-related fracture
--hospitalizations in France
Lead Author: Milka Maravic, Departement d'Information
Medicale, Hopital Leopold Bellan, France
Abstract No. SU0332 Poster Presentation
(Sunday, Oct. 17, 11:00 a.m.-1:00 p.m. ET)
Medication Adherence and Fracture Risk Among Patients Using
--Osteoporosis Medications in a Large U.S. Health Plan
Lead Author: Sally Wade
Abstract No. SU0398
(Sunday, Oct. 17, 11:00 a.m.-1:00 p.m. ET)
Compliance with Bisphosphonate Therapy and Change in Bone
--Mineral Density in Clinical Practice
Lead Author: Derek Weycker
Abstract No. SU0397
(Sunday, Oct. 17, 11:00 a.m.-1:00 p.m. ET)
About Osteoporosis: Impact and Prevalence
In the United States (U.S.), one in two women over the age of 50 with
postmenopausal osteoporosis will experience a fracture in her remaining
lifetime.(1) These fractures can have severe clinical consequences.(2,3) In 2005,
osteoporosis-related fractures were responsible for an estimated $19 billion in
costs and by 2025 experts predict that these costs will rise to approximately $25
billion.(4,5)
Postmenopausal women with osteoporosis who have experienced a fracture are at
increased risk for another fracture.(6,7,8)
About Prolia
Prolia is approved for use in the U.S., the European Union, Canada, Australia and
Switzerland. In the U.S., Prolia is approved for the treatment of postmenopausal
women with osteoporosis at high risk for fracture, defined as a history of
osteoporotic fracture, or multiple risk factors for fracture; or patients who
have failed or are intolerant to other available osteoporosis therapy. Prolia,
the first and only FDA-approved RANK Ligand inhibitor, is an every six month 60
mg subcutaneous injection administered by a health care professional.
The pivotal three-year Phase 3 Fracture REduction Evaluation of Denosumab in
Osteoporosis every six Months (FREEDOM) study in 7,808 women with postmenopausal
osteoporosis demonstrated that Prolia, administered as a 60mg subcutaneous
injection every six months, compared with placebo at three years resulted in:
A 68 percent reduction in vertebral fractures (4.8 percent absolute risk
reduction). The incidence of new spine fractures was 2.3 percent with Prolia vs.
7.2 percent with placebo;
A 40 percent reduction in hip fractures (0.3 percent absolute risk reduction).
The incidence of hip fractures was 0.7 percent with Prolia vs. 1.2 percent with
placebo;
A 20 percent reduction in non-vertebral fractures (1.5 percent absolute risk
reduction). The incidence of non-spine fractures was 6.5 percent with Prolia vs.
8 percent with placebo;
Significant bone density increases at all key sites measured (8.8 percent at the
lumbar spine, 6.4 percent at the total hip, and 5.2 percent at the femoral neck).
Prolia is contraindicated in patients with hypocalcemia. Pre-existing
hypocalcemia must be corrected prior to initiating Prolia. Hypocalcemia may
worsen, especially in patients with severe renal impairment. All patients should
be adequately supplemented with calcium and vitamin D.
In the pivotal study, serious infections leading to hospitalizations were
reported more frequently in the Prolia-treated patient group. Serious skin
infections, as well as infections of the abdomen, urinary tract and ear, were
more frequent in patients treated with Prolia. Patients should be advised to seek
prompt medical attention if they develop signs or symptoms of severe infection,
including cellulitis. Endocarditis was reported more frequently in the
Prolia-treated patient group. Epidermal and dermal adverse events such as
dermatitis, rashes, and eczema have been reported. Discontinuation of Prolia
should be considered if severe symptoms develop.
Prolia resulted in significant suppression of bone remodeling. The significance
of these findings is unknown. The long-term consequences of the degree of
suppression of bone remodeling observed with Prolia may contribute to adverse
outcomes such as osteonecrosis of the jaw (ONJ), atypical fractures, and delayed
fracture healing. ONJ has been reported in patients with Prolia. Patients should
be monitored for these adverse outcomes. The most common adverse reactions (>
5 percent and more common than placebo) were back pain, pain in extremity,
musculoskeletal pain, hypercholesterolemia, and cystitis. Pancreatitis has also
been reported with Prolia.
About Denosumab Collaborations
In July 2009, Amgen and GlaxoSmithKline (GSK) announced a collaboration agreement
to jointly commercialize Prolia for postmenopausal osteoporosis in Europe,
Australia, New Zealand and Mexico once the product is approved in these
countries. Amgen will commercialize Prolia's postmenopausal osteoporosis and
oncology indications in the U.S. and Canada and for all oncology indications in
Europe and in other specified markets.
In addition, GSK will register and commercialize denosumab for all indications in
countries where Amgen does not currently have a commercial presence, including
China, Brazil, India and South Korea but excluding Japan. The structure of the
collaboration allows Amgen the option of an expanded role in commercialization in
both Europe and certain emerging markets in the future.
Amgen and Daiichi-Sankyo Company, Limited have a collaboration and license
agreement for the development and commercialization of denosumab in Japan.
About Amgen
Amgen discovers, develops, manufactures and delivers innovative human
therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first
companies to realize the new science's promise by bringing safe and effective
medicines from lab, to manufacturing plant, to patient. Amgen therapeutics have
changed the practice of medicine, helping millions of people around the world in
the fight against cancer, kidney disease, rheumatoid arthritis, and other serious
illnesses. With a deep and broad pipeline of potential new medicines, Amgen
remains committed to advancing science to dramatically improve people's lives. To
learn more about our pioneering science and our vital medicines, visit
http://www.amgen.com.
Forward-Looking Statements
This news release contains forward-looking statements that are based on
management's current expectations and beliefs and are subject to a number of
risks, uncertainties and assumptions that could cause actual results to differ
materially from those described. All statements, other than statements of
historical fact, are statements that could be deemed forward-looking statements,
including estimates of revenues, operating margins, capital expenditures, cash,
other financial metrics, expected legal, arbitration, political, regulatory or
clinical results or practices, customer and prescriber patterns or practices,
reimbursement activities and outcomes and other such estimates and results.
Forward-looking statements involve significant risks and uncertainties, including
those discussed below and more fully described in the Securities and Exchange
Commission (SEC) reports filed by Amgen, including Amgen's most recent annual
report on Form 10-K and most recent periodic reports on Form 10-Q and Form 8-K.
Please refer to Amgen's most recent Forms 10-K, 10-Q and 8-K for additional
information on the uncertainties and risk factors related to our business. Unless
otherwise noted, Amgen is providing this information as of Oct. 14, 2010 and
expressly disclaims any duty to update information contained in this news
release.
No forward-looking statement can be guaranteed and actual results may differ
materially from those we project. Discovery or identification of new product
candidates or development of new indications for existing products cannot be
guaranteed and movement from concept to product is uncertain; consequently, there
can be no guarantee that any particular product candidate or development of a new
indication for an existing product will be successful and become a commercial
product. Further, preclinical results do not guarantee safe and effective
performance of product candidates in humans. The complexity of the human body
cannot be perfectly, or sometimes, even adequately modeled by computer or cell
culture systems or animal models. The length of time that it takes for us to
complete clinical trials and obtain regulatory approval for product marketing has
in the past varied and we expect similar variability in the future. We develop
product candidates internally and through licensing collaborations, partnerships
and joint ventures. Product candidates that are derived from relationships may be
subject to disputes between the parties or may prove to be not as effective or as
safe as we may have believed at the time of entering into such relationship.
Also, we or others could identify safety, side effects or manufacturing problems
with our products after they are on the market. Our business may be impacted by
government investigations, litigation and products liability claims. We depend on
third parties for a significant portion of our manufacturing capacity for the
supply of certain of our current and future products and limits on supply may
constrain sales of certain of our current products and product candidate
development.
In addition, sales of our products are affected by the reimbursement policies
imposed by third-party payors, including governments, private insurance plans and
managed care providers and may be affected by regulatory, clinical and guideline
developments and domestic and international trends toward managed care and health
care cost containment as well as U.S. legislation affecting pharmaceutical
pricing and reimbursement. Government and others' regulations and reimbursement
policies may affect the development, usage and pricing of our products. In
addition, we compete with other companies with respect to some of our marketed
products as well as for the discovery and development of new products. We believe
that some of our newer products, product candidates or new indications for
existing products, may face competition when and as they are approved and
marketed. Our products may compete against products that have lower prices,
established reimbursement, superior performance, are easier to administer, or
that are otherwise competitive with our products. In addition, while we routinely
obtain patents for our products and technology, the protection offered by our
patents and patent applications may be challenged, invalidated or circumvented by
our competitors and there can be no guarantee of our ability to obtain or
maintain patent protection for our products or product candidates. We cannot
guarantee that we will be able to produce commercially successful products or
maintain the commercial success of our existing products. Our stock price may be
affected by actual or perceived market opportunity, competitive position, and
success or failure of our products or product candidates. Further, the discovery
of significant problems with a product similar to one of our products that
implicate an entire class of products could have a material adverse effect on
sales of the affected products and on our business and results of operations.
The scientific information discussed in this news release relating to new
indications for our products is preliminary and investigative and is not part of
the labeling approved by the U.S. Food and Drug Administration (FDA) for the
products. The products are not approved for the investigational use(s) discussed
in this news release, and no conclusions can or should be drawn regarding the
safety or effectiveness of the products for these uses. Only the FDA can
determine whether the products are safe and effective for these uses. Healthcare
professionals should refer to and rely upon the FDA-approved labeling for the
products, and not the information discussed in this news release.
CONTACT: Amgen, Thousand Oaks
Kerry Beth Daly: (516) 982-9328 (U.S. media)
Arvind Sood: (805) 447-1060 (investors)
(1) Osteoporosis Fast Facts. Washington (DC): National Osteoporosis Foundation.
Accessed on May 10, 2010 at http://www.nof.org.
(2) National Osteoporosis Foundation. http://www.nof.org. Accessed May 13, 2010.
(3) Cooper C. The crippling consequences of fractures and their impact on quality
of life. Am J Med. 1997 Aug 18;103(2A):12S-17S; discussion 17S-19S.
(4) Burge R et al. Incidence and economic burden of osteoporosis-related
fractures in the United States, 2005-2025. J Bone Miner Res. 2007
Mar;22(3):465-75.
(5) Osteoporosis Fast Facts. Washington (DC): National Osteoporosis Foundation.
Accessed on April 29, 2010 at http://www.nof.org.
(6) Kanis JA et al. A Meta-Analysis of Previous Fracture and Subsequent Fracture
Risk. Bone. 2004;35(2):375-82.
(7) Lindsay R et al. Risk of new vertebral fracture in the year following a
fracture. JAMA. 2001 Jan 17;285(3):320-33.
(8) Klotzbuecher CM et al. Patients with prior fractures have an increased risk
of future fractures: a summary of the literature and statistical synthesis. J
Bone Miner Res. 2000 Apr;15(4):721-39.
SOURCE Amgen
Copyright (C) 2010 PR Newswire. All rights reserved
13:18:33 AMGN Bone Drugs Flagged For Risk; Could Boost Amgen
1:18 (Dow Jones) FDA warns of possible risk of thigh bone fractures in
patients taking osteoporosis drugs known as bisphosphonates. These include
Merck's (MRK) Fosamax, Warner Chilcott's (WCRX) Actonel and Atelvia, Roche's
(RHHBY) Boniva and others. The safety alert could give a lift to alternative
treatments including Amgen's (AMGN) new Prolia. AMGN off 0.3% at $55.76 after
steeper decline earlier. (peter.loftus@dowjones.com)
Not a worry....member marked ya also.
Z from Simi
not sure I have time but I love this company so go for it and i will keep a closer eye on Amgen of Thousand Oaks Ca.
from Thousand Oaks
Hello Iknowaguy. Join me as asst. Haven't had time yet to update your work.... Z
nice to see you take over the mod spot. I had to give it up due to work.
good job
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