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Financial Report: Amgen

Revenues up 7% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

Amgen

1Q Revenues: $4.5 billion (+7%)

1Q Earnings: $1.1 billion (-25%)

Comments: Growth in the quarter was driven by newly launched Kyprolis, XGEVA (+25%), Prolia (+38%), and Neulasta sales (+5%). Enbrel sales were down 5% to $924 million and Aranesp sales were down 2% to $177 million, mainly due to lower demand. EPOGEN sales increased 6% to $462 million. Sensipar/Mimpara sales increased 2% to $178 million. Combined sales of Vectibix and Nplate increased 18% to $101 million. R&D expenses were up 17% to $994 million, attributed to the addition of Onyx programs. Earnings were impacted by the end of the ENBREL profit share in 4Q13.

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