Amgen Q2 sales rise, but growth depends on Repatha and beyond
This article was originally published in Scrip
Amgen executives didn't shed a lot of light during the company's second quarter earnings conference call on issues at the top of investors' minds: commercial expectations for PCSK9 inhibitor Repatha (evolocumab) and the strategy for growth beyond existing research and development programs.
You may also be interested in...
Amgen’s R&D programs are vitally important as sales of multiple blockbusters continue to drop, but one major late-stage asset had disappointing results and another key drug has an aggressive competitor.
The company has assembled small molecule discovery capabilities for the development of targeted cancer drugs that it believes rivals big pharma efforts and will fulfill patients’ unmet needs.
Public Company Edition: Four health care special purpose acquisition vehicles went public and two others announced mergers, but only one biopharma firm priced an IPO during the week of 19-23 October. Replimune’s $250m offering led recent FOPOs.