Amgen Inc on Tuesday said its fourth-quarter revenue fell slightly as a 4% increase in sales of its own drugs was offset by lower revenue from its deal to manufacture COVID-19 antibody treatments for Eli Lilly and Co.
on Tuesday said its fourth-quarter revenue fell slightly as a 4% increase in sales of its own drugs was offset by lower revenue from its deal to manufacture COVID-19 antibody treatments for Eli Lilly and Co.
Amgen partnered with Lilly in 2020 to increase the supply of its COVID-19 antibody treatments. U.S. health regulatorsfor Lilly's last COVID antibody in November after determining it would not be effective against currently circulating coronavirus variants. Amgen product sales were led by a 14% jump in osteoporosis drug Prolia to a quarterly record of $992 million.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amgen's Q4 tops views, but 2023 guidance falls on lower end of expectationsAmgen Inc. topped Wall Street expectations for its fourth quarter, but the drug maker's shares fell after hours as its 2023 guidance fell on the lower end of...
Read more »
Drugmaker Amgen lays off 300 U.S. employeesDrugmaker Amgen Inc said on Monday that it let go about 300 U.S. employees or about 1.2% of its total workforce, citing recent organizational changes to its commercial team.
Read more »
Penny Arcade's Acquisitions Inc. Joins Pocket ParagonsPenny Arcade has teamed with Solis Game Studio to add the primary characters from AcquisitionsInc to PocketDragons. Tabletop CardGames
Read more »
Japan Inc strives to lure skilled workers as inflation, labour crunch biteFrom inflation allowances to the reskilling of workers, firms in Japan are stepping up efforts to help employees fight rising prices and a labour crunch, even though some cannot afford pay hikes that do more than offset cost-push inflation.
Read more »
‘Shahs of Sunset’ alum Lilly Ghalichi reveals nose job, shares recovery photos“Most people would hide this, some maybe even deny this,” the Bravolebrity wrote while healing from her procedure. “I am so happy with my results.”
Read more »