Amgen CEO expects 25% of growth to come from Asia in next decade [Reuters]
Amgen Inc. (AMGN)
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Source: Reuters
Amgen CEO expects 25% of growth to come from Asia in next decade SAN FRANCISCO (Reuters) - Biotechnology giant Amgen Inc expects up to a quarter of its growth to come from Asia over the next decade, Chief Executive Officer Robert Bradway told Reuters. The forecast marks a shift for 40-year-old Amgen, which still relies on the U.S. market for more than 75% of its sales, 30 years after it won U.S. marketing approval for its first drug, red-blood-cell-booster Epogen.”China and Japan are the second and third largest markets in our industry,” Bradway said in an interview on Monday on the sidelines of the JP Morgan healthcare conference in San Francisco. “In the case of China, it is a rapidly growing market. ... Japan has an aging population and we expect that will be a growth market for us.” Amgen, based in Thousand Oaks, California, late last year acquired a 20.5% stake in Beijing-based BeiGene Ltd in a deal to expand its presence in China. In Japan, Amgen expects by the second quarter of
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News
- 3 Generic Drug Stocks to Watch Amid Challenging Market Prospects [Yahoo! Finance]Yahoo! Finance
- Amgen Inc. (NASDAQ: AMGN) had its price target lowered by analysts at UBS Group AG from $314.00 to $284.00. They now have a "neutral" rating on the stock.MarketBeat
- Amgen (AMGN) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Amgen Inc. (NASDAQ: AMGN) had its price target lowered by analysts at TD Cowen from $370.00 to $360.00. They now have a "buy" rating on the stock.MarketBeat
- Can This High-Yield Dividend Stock Keep Beating the S&P 500? [Yahoo! Finance]Yahoo! Finance
AMGN
Earnings
- 2/6/24 - Beat
AMGN
Sec Filings
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEF
- 4/10/24 - Form ARS
- AMGN's page on the SEC website