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.