Amgen's innovation helps to counter biosimilar headwinds.
Amgen has released details surrounding the cardiovascular outcomes study for cholesterol-lowering drug Repatha, and we don’t expect to make any significant changes to our fair value estimate. The shares were down on the data, as the risk reduction on the primary endpoint (15%) was at the low end of expectations, despite still being significant. After diving deeper into the data, we think it will be sufficient to change treatment guidelines, and our assumptions for net U.S. prices--going from rou...Amgen is a biotechnology company that discovers, develops, manufactures and delivers human therapeutics. The company's products include: Enbrel? (etanercept), which is used in indications for the treatment of adult patients with moderately to severely active rheumatoid arthritis, patients with chronic moderate-to-severe plaque psoriasis who are candidates for systemic therapy or phototherapy and patients with active psoriatic arthritis; and Prolia? (denosumab), which is used for the treatment of postmenopausal women with osteoporosis at high risk of fracture or multiple risk factors for fracture, or patients who have failed or are intolerant to other available osteoporosis therapy.
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