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Financial Report: Amgen

Product sales up 11% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

Amgen

4Q Revenues: $5.0 billion (+13%)

4Q Earnings: $1.0 billion (+30%)

FY Revenues: $18.7 billion (+8%)

FY Earnings: $5.1 billion (+17%)

Comments: Total product sales increased 11% in the quarter to $4.8 billion. Combined Neulastaand NEUPOGEN sales were up 8% in the quarter to $1.4 billion. Enbrel sales were up 3% to $1.2 billion. Aranesp sales decreased 4% to $470 million in the quarter, due to lower demand. EPOGEN sales increased 10% to $525 million. Sensipar/Mimparasales increased 20% to $307 million. XGEVA/ Prolia sales increased 41% to $522 million. R&D expenses were up 27% in the quarter to $1.2 billion. The fourth quarter includes results for Onyx Pharmaceuticals, acquired in October 2013.

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