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BUSINESS
August 26, 1986 | DANIEL AKST, Times Staff Writer
In what appears to be the first patent suit involving gene-splicing technology, a Thousand Oaks firm is asking a federal judge to overturn the only U.S. patents issued for a promising new anti-cancer substance called interleukin-2. The suit was filed by Amgen in U.S. District Court in San Francisco against Cetus Corp., an Emeryville, Calif., firm that holds the patents. Cetus supplied the drug, also known as IL-2, used by Dr. Steven A.
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BUSINESS
February 2, 1999 | James Peltz and Michael Hiltzik
Stock Exchange gives readers a chance to listen in as staff writers James Peltz and Michael Hiltzik debate the merits of individual stocks and other investments. Amgen (AMGN) Jim: Mike, our stock today is Amgen, the giant biotechnology company based in Thousand Oaks, and what a success story this outfit is. If there's a stock I think everyone wishes they had bought a few years ago, in addition to Microsoft, it might be Amgen.
BUSINESS
July 11, 2009 | TIMES WIRE REPORTS
Biotechnology company Amgen Inc. said Rebecca Henderson had been appointed to its board of directors. Henderson, 48, recently became a professor at Harvard Business School. She has been a director at Idexx Laboratories Inc. since 2003. Her appointment expands the size of Thousand Oaks-based Amgen's board to 13.
BUSINESS
June 13, 2002 | Bloomberg News
Amgen Inc., the world's largest biotechnology company, said it would buy back as much as $2 billion of its stock, which has fallen 32% this year. The announcement, made after U.S. markets closed, sent shares of Thousand Oaks-based Amgen up 4.5% to $39.87 in heavy after-hours trading. The shares had closed off 58 cents at $38.17 on Nasdaq. Amgen has already repurchased about $1 billion of its own shares this year, and the board's authorization extends that, the company said.
BUSINESS
March 29, 2000 | From Bloomberg News
Shares of Thousand Oaks-based Amgen Inc. rose 4%, gaining for a second day, as analysts said the world's No. 1 biotechnology company won an early round over rival Transkaryotic Therapies Inc. in a patent dispute involving Amgen's best-selling drug. U.S. District Judge William Young in Boston supported several Amgen claims during the last two days in a preliminary hearing over patents on Amgen's best-selling product, the $1.8-billion-a-year anemia treatment Epogen.
BUSINESS
August 29, 2008 | From Bloomberg News
Amgen Inc. said it would stop offering rebates to cancer clinics prescribing its anemia drug Aranesp to avoid what it called the "possible misperception" that the payments encouraged overuse. The Thousand Oaks-based company also will change pricing for two other cancer drugs, Neulasta and Neupogen, by stopping discounts based on doctors' purchases of Aranesp and selling each product separately, Amgen said in a statement Thursday. Instead of rebates, Amgen will offer discounts at the time of purchase.
BUSINESS
October 20, 2009 | Associated Press
THOUSAND OAKS -- Amgen Inc. said today the Food and Drug Administration wants more information about its osteoporosis treatment Prolia before granting marketing approval. It delays a drug seen as a potential blockbuster for the company. In a letter, the FDA said it wants to know how Amgen will monitor patients who use Prolia, and wants the company to develop a strategy to evaluate the risks of the drug, Amgen said. In premarket trading, Amgen shares fell $1.38, or 2.3 percent, to $59.94.
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