1. Description of products and technology. Include a discussion of what the acquired company had that made it an attractive target.
Amgen, since 1980 is one of the best biotechnological companies to bring safest and effective therapies in medicine. It has been proved as a pioneer because of the flawless remedies being provided for Bone Disease, Rheumatoid Arthritis, Cancer and Kidney related diseases (amgen.com, 2014). The pipeline of Amgen is very broad and is proven to be very potential and effective to the treatments. Major contributors of the product pipeline are protein based and are mainly cancer treating ailments. Apart from the above said categories Amgen also manufactures medicines for Metabolic disease, Inflammatory disease and Osteoporosis.
According to a report generated by analysts, the sale of cancer related medicines was 84 billion dollars in 2012 and cancer drugs could be the highest contributors among pharmaceutical drugs by 2018 (Amgen Acquires Key Cancer Treament drug). Being Headquartered in San Francisco, Amgen’s products are currently being marketed reliably in about 50 other countries. The main pathways by which the company drives are Bio cellular Science and Medicinal chemistry which are specifically useful in identifying and sequential work on the target. Amgen is engineering in novel technologies like recombinant DNA technology and molecular biology. With its subsidiary, deCODE which is a specifically dedicated to human genetics Amgen is exploring the new horizons in gene therapy (Industry Center - Biotechnology).
Biovex is a private biotechnology firm based in Woburn, Massachusetts. Though the products in the pipeline of this company are only a few, the success rate and the need of those drugs in ...
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Industry Center - Biotechnology. (n.d.). Retrieved March 02, 2014, from Yahoo Finance: http://biz.yahoo.com/ic/12/12623.html
markets and markets. (2012, February). Retrieved March 29, 2014, from http://www.marketsandmarkets.com/Market-Reports/life-science-chemical-biotech-instrumentation-market-38.html
Sigma, Y. (n.d.). Amgen - Swot Analysis. Retrieved March 21, 2014, from yousigma.com: http://yousigma.com/comparativeanalysis/amgen.html
Timmerman, L. (2011, January 26). Amgen’s R&D Chief, Roger Perlmutter, on Why BioVex’s Cancer-Fighting Virus Is Worth $1B. Retrieved March 24, 2014, from Xconomy.com: http://www.xconomy.com/boston/2011/01/26/amgens-rd-chief-roger-perlmutter-on-why-biovexs-cancer-killing-virus-is-worth-1b/3/
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