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Stock impact report

New Acute Myeloid Leukemia Hope: Amgen Acquires Dark Blue Therapeutics [Los Angeles Times (CA)]

Amgen Inc. (AMGN) 
Last amgen inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.amgen.com
United Kingdom, advancing first-in-class, small molecule-targeted protein degraders for oncology, through a transaction valued at up to $840 million. The investment adds to Amgen's portfolio an investigational small molecule that targets and degrades proteins that drive specific types of acute myeloid leukemia, a fast-growing blood cancer. “Acute myeloid leukemia remains one of the most difficult cancers to treat, and we see an urgent need for new mechanisms capable of changing the trajectory of this disease,” said Jay Bradner, M.D. , executive vice president of research and development at Amgen, in a statement. “This acquisition complements and extends our research in targeted protein degradation and leukemia therapeutics, advancing our strategy to invest early in rising medicines for novel therapeutic targets.” The acquisition was attractive because it focuses on medicines with AML. Preclinical data in leukemia models demonstrate promising anti-cancer activity and mechanistic di Show less Read more
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