BUSINESS
January 27, 2012 | By Tiffany Hsu, Los Angeles Times
Biotech giant Amgen, fresh off mixed earnings, said it will shell out $1.16 billion to broaden its product pipeline by buying fellow drug developer Micromet Inc. Thousand Oaks-based Amgen is already one of the world's premier pharmaceutical firms, but it's saddled with mostly older products, such as anemia treatment Epogen and arthritis medication Enbrel. Its portfolio is facing more competition and high expenses as similar products hit the market, analysts said. Amgen's profit in 2011 fell 20.4% year over year - largely because of higher costs - to about $3.7 billion, or $4.07 a share, the company said after the markets closed Thursday.
BUSINESS
January 26, 2012 | Bloomberg News
Amgen Inc., the world's largest biotechnology company, agreed to buy Micromet Inc. in a $1.16 billion deal to gain an experimental leukemia drug. Investors of Micromet, based in Rockville, Maryland, will get $11 a share, the companies said in a statement today. The acquisition will give Thousand Oaks, California-based Amgen the compound blinatumomab, being tested against two blood cancers, acute lymphoblastic leukemia and non-Hodgkin's lymphoma. While Amgen spends $2.7 billion a year on research and development, the company has "a fairly empty pipeline" and needs to acquire to gain promising new products, said Geoffrey Porges, an analyst for Sanford C. Bernstein in New York.
NEWS
December 16, 2011 | By Jeannine Stein, Los Angeles Times / For the Booster Shots blog
News came today that singer Etta James is terminally ill with chronic leukemia; the Riverside Press-Enterprise also reports that the 73-year-old is suffering from kidney failure and dementia. Leukemia is a cancer of the blood and bone marrow, where blood cells are produced. When abnormal cells are created they disrupt the function of healthy cells. The disease can be acute or chronic; in acute leukemia, common in children, immature or early blood cells multiply quickly, and immediate treatment is usually necessary.
HEALTH
August 11, 2011 | By Eryn Brown, Los Angeles Times
In a potential breakthrough in cancer research, scientists at the University of Pennsylvania have genetically engineered patients' T cells — a type of white blood cell — to attack cancer cells in advanced cases of a common type of leukemia. Two of the three patients who received doses of the designer T cells in a clinical trial have remained cancer-free for more than a year, the researchers said. Experts not connected with the trial said the feat was important because it suggested that T cells could be tweaked to kill a range of cancers, including ones of the blood, breast and colon.
OPINION
June 28, 2011 | Jonah Goldberg
The backdrop for my favorite science-fiction novels, Frank Herbert's "Dune" series, is something called the Butlerian Jihad. Some 10,000 years before the main events of the story take place, humanity rebelled against "thinking machines" — intelligent computers — controlling people's lives. The revolution was sparked because a computer decided to kill, without the consent of any human authority, the baby of a woman named Jehanne Butler. FOR THE RECORD: TSA: In his June 28 column, Jonah Goldberg said Jean Weber was a 95-year-old woman who was mistreated by Transportation Security Administration agents in Florida.
HEALTH
June 5, 2011 | By Melissa Healy, Los Angeles Times
To many of the nation's million people living with a diagnosis of HIV/AIDS, Timothy Brown is the Harry Potter of the disease: Like the young wizard who survived Lord Voldemort's wrath, he is the boy who lived. Today, almost 20 years after he became infected, Brown is, essentially, cured. Brown, now 45, is known in medical-journal circles as "The Berlin Patient," a moniker assigned him by a February 2009 case study published in the New England Journal of Medicine. In a "Brief Report," oncologist Gero Huetter and his colleagues at Berlin's University Hospital described the unique stem-cell transplant of an HIV-infected patient — Brown — who had acute myeloid leukemia, and the remarkable result: Twenty months after the procedure, the virus had not reappeared in Brown's body, even though he was no longer taking antiretroviral drugs.