Financial Report: Amgen

Posted on July 21, 2006 @ 10:11 am

Amgen

2Q Revenues: $3.6 billion (+14%)

2Q Earnings: $14 million (earnings were $1 billion in 2Q2005)*

YTD Revenues: $6.8 billion (+13%)

YTD Earnings: $1 billion (-46%)

Comments: Worldwide sales of Aranesp increased 26% to $1 billion and combined sales of Neulasta and Neupogen increased 12% to $1 billion in the quarter. North America sales of Enbrel increased 13% to $724 million. Sales of Epogen were down 5% to $613 million. R&D expenses increased 29% to $729 million in the quarter.

*Earnings for the quarter and YTD reflect acquired in-process R&D of $1.1 billion related to the acquisition of Abgenix.