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Amgen
-8.01%
Healthcare & biotech / Biotechnology and Pharmaceuticals
At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebAmgen is a biotechnology company that specializes in developing innovative therapies for serious illnesses. The company was founded in 1980 in Thousand Oaks, California, and has since become one of the leading biotechnology companies in the world. Amgen's main focus areas include oncology, hematology, cardiovascular disease, inflammation, bone health, and neuroscience.
The company's products include biologic medicines used for the treatment of conditions such as cancer, kidney disease, bone disorders, and autoimmune diseases. One of Amgen's best-known products is Enbrel, a treatment for rheumatoid arthritis. The company also has a robust pipeline of potential new medications in various stages of development.
In addition to developing and manufacturing medicines, Amgen also conducts research and collaborates with other organizations in the biotechnology and healthcare industries. The company has a strong commitment to innovation and invests heavily in research and development to bring new and better treatments to patients.
Amgen is a global company with operations in more than 100 countries and a workforce of over 25,000 employees worldwide. The company has a strong track record of financial success and is consistently ranked as one of the top biotechnology companies in terms of revenue. Amgen has a strong corporate responsibility program and actively supports various philanthropic initiatives and community engagement efforts.
Overall, Amgen is a highly respected and successful biotechnology company that is dedicated to improving the lives of patients around the world through innovative medical treatments.
1. Pioneering Biotechnology Leader: Amgen is a leading biotechnology company with a deep expertise in developing and manufacturing innovative therapies. It is one of the first companies to harness the potential of biotechnology to produce life-saving medicines, making it an industry pioneer.
2. Focus on Human Therapeutics: Amgen focuses solely on developing and manufacturing human therapeutics, making it one of the few biotech companies to do so. This focus allows the company to dedicate all its resources and expertise to developing therapies that can improve the lives of patients.
3. Diverse Portfolio of Products: Amgen has a diverse portfolio of products that address a wide range of serious illnesses, such as cancer, cardiovascular disease, and bone disorders. This diversity allows the company to weather changes in market demand and ensures a stable revenue stream.
4. Strong Research and Development Pipeline: Amgen invests heavily in research and development, with a strong focus on cutting-edge science and innovative technology. The company has a robust pipeline of potential new therapies, demonstrating its commitment to bringing new treatments to patients.
5. Commitment to Patient Access: Amgen is committed to ensuring access to its therapies for patients around the world. The company actively works with governments, payers, and other stakeholders to help make its medicines affordable and accessible to those who need them.
6. Global Presence: Amgen has a global presence, with operations in more than 100 countries, making its medicines accessible to patients worldwide. The company also has a strong manufacturing capability, allowing it to efficiently produce its therapies at a large scale.
7. Strong Corporate Social Responsibility: Amgen has a strong commitment to corporate social responsibility, with a focus on environmental sustainability, promoting science education, and investing in the communities where it operates.
8. Recognition and Awards: Amgen has been consistently recognized for its contributions to the biotechnology industry and commitment to patient care. The company has received numerous awards and accolades for its products, pipeline, innovation, and corporate citizenship.
9. Strong Financial Performance: Amgen has a track record of strong financial performance, which has allowed it to invest in research and development, expand its portfolio, and deliver long-term value to shareholders.
10. Collaborations and Partnerships: Amgen has a history of successful collaborations and partnerships with other biotechnology companies, academic institutions, and research organizations. These collaborations help to advance scientific knowledge and bring new therapies to market more quickly.
The Amgen company's business model is based on the development, production, and commercialization of innovative biotechnology medicines. This includes researching and discovering new therapeutic solutions for diseases and conditions such as cancer, cardiovascular diseases, and inflammatory disorders. Amgen also focuses on growing its product portfolio and expanding its global reach through collaborations and partnerships. Additionally, Amgen invests in new technologies and initiatives to enhance its research and development capabilities and streamline its operations. Revenue is generated through the sale of its products to healthcare providers, patients, and strategic partners.
1. Amgen stands for Applied Molecular Genetics, and was originally founded in 1980 by three scientists working at the University of California, Los Angeles.
2. The company’s first product was the anti-anemia drug Erythropoietin, which was approved by the FDA in 1989 and revolutionized the treatment of anemia in kidney disease patients.
3. Amgen is the largest biotechnology company in the world, with a market value of over $140 billion as of 2021.
4. In addition to Erythropoietin, Amgen has developed a wide range of innovative medicines for serious diseases such as cancer, osteoporosis, and migraine.
5. Amgen has a strong commitment to research and development, investing over $4 billion annually in the discovery and development of new treatments.
6. The company has a presence in over 100 countries and employs over 23,000 people worldwide.
7. Amgen has a long history of collaborations and partnerships with other companies and academic institutions, allowing for the exchange of ideas and access to cutting-edge technology.
8. Despite its size and success, Amgen has faced challenges in recent years, including patent expirations and increased competition in the biopharmaceutical industry.
9. The company is known for its strong corporate social responsibility initiatives, including philanthropic efforts to increase access to healthcare and support for science education.
10. Amgen has been recognized for its leadership and innovation, receiving numerous awards and honors from organizations such as Forbes, Fortune, and the American Society of Clinical Oncology.