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BUSINESS
July 12, 2008 | From Times Wire Services
Amgen Inc. will pay Johnson & Johnson $200 million to settle an antitrust claim over discounts on Amgen's drugs for cancer patients, the companies said. Amgen, based in Thousand Oaks, admitted no liability in agreeing to pay the money to Ortho Biotech Products, a unit of Johnson & Johnson that accused Amgen of offering oncology clinics package discounts on their purchases of Aranesp, Neupogen and Neulasta.
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BUSINESS
April 16, 2008 | From the Associated Press
Health product maker Johnson & Johnson reported a 40% jump Tuesday in first-quarter profit, mainly because of the weak dollar boosting foreign revenue and a charge that depressed year-earlier results. The New Brunswick, N.J.-based maker of contraceptives, medical devices, baby-care items and prescription drugs reported profit of $3.6 billion, or $1.26 a share, up from $2.57 billion, or 88 cents, a year earlier.
BUSINESS
April 1, 2008 | From Times Wire Services
Amgen Inc. and Johnson & Johnson have been asked to hand over to U.S. lawmakers documents related to the promotion of anemia drugs linked to increased risk of death at high doses. The documents, including records on direct-to-consumer television and print advertising, are sought by the House Committee on Energy and Commerce, led by John D. Dingell (D-Mich.), according to letters posted on the committee's website. The committee asked Johnson & Johnson to provide information on its ad campaigns for its anemia drug Procrit.
BUSINESS
March 14, 2008 | Daniel Costello, Times Staff Writer
In mixed news for biotech giant Amgen Inc., a Food and Drug Administration panel recommended Thursday that doctors continue to prescribe the company's lucrative anemia drugs for patients with cancer. But the panel suggested scaling back which patients should be treated based on their type of cancer and the severity of the disease. The recommendations could lead to further sales declines in the company's blockbuster drug Aranesp. Thousand Oaks-based Amgen makes an identical product that is sold under the name Procrit by Johnson & Johnson.
BUSINESS
March 8, 2008 | From Times Wire Services
Drug maker Amgen Inc. said regulators had added new warnings about the risks of death and tumor growth to the Thousand Oaks company's blockbuster anemia drugs. The warnings approved by the Food and Drug Administration say that Aranesp and Epogen increased the likelihood of death and accelerated tumor growth in patients with several types of cancer, including breast and cervical. The warnings also apply to Johnson & Johnson's drug Procrit.
BUSINESS
November 30, 2007 | From Times Wire Services
Johnson & Johnson said it would take a $440-million charge on a write-down of assets related to Natrecor, a heart-failure treatment. The New Brunswick, N.J., drug maker is writing down Natrecor assets because of a recent decline in sales, according to the filing.
BUSINESS
November 17, 2007 | From Times Wire Services
Johnson & Johnson's allergy treatment Zyrtec-D was approved by the Food and Drug Administration for sale without a prescription. The nonprescription form of the drug, which will be available in January, is expected to cost as much as a third less than prescription Zyrtec.
BUSINESS
November 16, 2007 | From Times Wire Services
Healthcare products maker Johnson & Johnson, faced with lagging sales of some top products, said it would create three new units to boost prospects. The New Brunswick, N.J.-based company said it would create an office of strategy and growth to identify new opportunities, a surgical care group to focus on technology and services to improve patient care, and a comprehensive care group aimed at treatments for chronic and pervasive conditions.
BUSINESS
November 9, 2007 | From Reuters
Warning labels on anemia drugs made by Amgen Inc. and Johnson & Johnson have been strengthened to reflect concerns that they boost the risk of heart attacks, stroke and death, regulators said Thursday. Millions of cancer and kidney disease patients take the drugs, known as erythropoiesis-stimulating agents. EPO drugs include Amgen's biggest drug, Aranesp, and an older version, Epogen, and J&J's Procrit.
BUSINESS
October 23, 2007 | From Bloomberg News
The largest group of U.S. cancer doctors said Monday that Medicare has gone too far in restricting the use of anemia drugs made by Amgen Inc. and Johnson & Johnson and released its own guidelines. The doctors' recommendations add new warnings about heart risks while saying patients can safely use higher doses than Medicare allows.
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