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Amgen

SPORTS
May 11, 2013 | By Diane Pucin, Los Angeles Times
ESCONDIDO - The eighth Amgen Tour of California begins at 11:15 a.m. Sunday in Escondido, and for the first time the largest cycling stage race in the United States is traveling from south to north. The 750-mile trip will end May 19 in Santa Rosa. Matt Bettenhausen, vice president and chief security officer for race owner AEG Worldwide, joined cyclists and race officials at a Friday news conference, where he discussed increased security for this year's event in the wake of the bombings at the Boston Marathon.
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BUSINESS
May 6, 2013
The company: Amgen Inc. Headquarters: Thousand Oaks Ticker: AMGN Employees: 18,000 Leadership: Robert A. Bradway, chief executive since May 2012 2012 revenue: $17.3 billion 2012 net income: $4.3 billion Stock price: $106.48 at Friday's close 52-week range: $67.61 to $114.95 P/E ratio: 15, based on 2013 earnings estimates Dividend: 47 cents a quarter, a current annual...
BUSINESS
May 6, 2013 | By Stuart Pfeifer, Los Angeles Times
Amgen Inc. is a biotechnology company that develops medicines used in the treatment of cancer, kidney disease, arthritis, bone disease and other serious illnesses. The Thousand Oaks company's top-selling products include arthritis medication Enbrel, osteoporosis drug Prolia and anemia medicines Aranesp and Epogen. And its Neulasta helps the body generate white-blood cells to prevent infection during chemotherapy treatment. Amgen earned $4.3 billion last year on record revenue of $17.3 billion.
BUSINESS
April 26, 2013 | By Chad Terhune
A federal jury in Los Angeles found an Anaheim physician and two others guilty this week for their roles in a $1.5-million Medicare fraud scheme involving power wheelchairs. At trial, federal prosecutors said that Godwin Onyeabor, 49, an officer at Fendih Medical Supply Inc. in San Bernardino, paid kickbacks to physician Sri J. Wijegunaratne, 58, and another healthcare professional, Heidi Morishita, 48, for fraudulent prescriptions for durable medical equipment. Officials said that as a result of this scheme, which ran from 2007 to 2012, those prescriptions were used to bill Medicare $1.5 million for false and fraudulent claims.
BUSINESS
April 24, 2013 | By Chad Terhune
Shares of biotech giant Amgen Inc. slumped Wednesday as investors reacted to weaker-than-expected first-quarter sales. Shares of the Thousand Oaks company dropped $6.41, or nearly 6%, to $106.35 in trading Wednesday. The company's stock had posted impressive gains until this week, up 65% in the last year. Amgen reported first-quarter results after the markets closed Tuesday. Its net income rose 21% to $1.4 billion, or $1.88 a share, from $1.2 billion, or $1.48 a share, a year earlier.
BUSINESS
April 24, 2013 | By Chad Terhune, Los Angeles Times
Shares of biotech giant Amgen Inc. slumped as investors reacted to weaker-than-expected first-quarter sales. Shares of the Thousand Oaks company dropped $7.83, or 7%, to $104.93 in trading Wednesday. The company's stock had posted impressive gains until this week, up 65% in the last year. Amgen reported first-quarter results after the markets closed Tuesday. Its net income rose 21% to $1.4 billion, or $1.88 a share, from $1.2 billion, or $1.48, a year earlier. But analysts and investors focused much of their attention on Amgen's revenue growth, which came in lower than Wall Street's expectations.
OPINION
April 11, 2013
Re "Remove Medicare's straitjacket," Opinion, March 29 Art Kellerman misunderstands why Congress delayed inclusion of oral-only drugs in the Medicare payment bundle for dialysis services. It wasn't to give Amgen and other drug makers a major windfall; it was done because of major changes in how Medicare pays for dialysis care. This action by Congress ensures that vulnerable dialysis patients, who are among our nation's most chronically ill, continue to receive the medicine they need.
SPORTS
March 7, 2013 | By Diane Pucin
Amgen Tour of California announced that 16 teams will participate in the 2013 race that will run from May 12-19. Returning for its sixth year is Belgium team Omega Pharama-Quick Step Cycling, whose roster includes popular sprinter Tom Boonen, whose attendance to the race has been confirmed. Among the top U.S. pro teams participating are BMC Racing, headquartered in Santa Rose, whose roster includes current world champion Philippe Gilbert of Belgium, and the Garmen-Sharp team based in Denver.
BUSINESS
January 25, 2013 | Los Angeles Times
A bipartisan group of U.S. lawmakers is seeking to repeal a Medicare-pricing provision in the recent "fiscal-cliff" deal in Congress that benefits Thousand Oaks biotech giant Amgen Inc. Legislation to eliminate the exemption for a class of drugs, including Amgen's Sensipar, that are used by kidney dialysis patients, was filed this week by U.S. Rep. Peter Welch (D-Vt.). The fiscal cliff legislation approved this month excluded these oral medications from Medicare price controls for an additional two years.
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