Amgen

Amgen

AMGN
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AMGN · Stock Price

USD 331.11+59.06 (+21.71%)
Market Cap: $178.5B

Historical price data

Market Cap: $178.5BPipeline: 200 drugs (128 Phase 3)Patents: 20Founded: 1980Employees: 24,000-26,000HQ: Thousand Oaks, United States

Overview

Amgen is a foundational pillar of the global biotechnology industry, with a mission to serve patients by transforming the promise of science into therapies that restore health or save lives. The company has achieved a dominant market position through its deep expertise in biologics manufacturing, a diversified portfolio of blockbuster medicines, and a robust pipeline targeting major therapeutic areas including cardiovascular disease, obesity, oncology, and inflammation. Its strategy is centered on leveraging advanced technologies like AI and human genetics to accelerate innovation, expand its manufacturing footprint, and deliver long-term growth.

General Medicine (Cardiovascular/Metabolic)OncologyInflammationRare Disease

Technology Platform

A fully integrated biologics platform centered on using living cells to manufacture complex therapeutic proteins and antibodies, augmented by advanced human genetics, AI-driven discovery, and world-class manufacturing capabilities.

Pipeline

200
200 drugs in pipeline128 in Phase 3
DrugIndicationStageWatch
Actonel® + DenosumabOsteoporosisPhase 3
DenosumabLung Cancer Non-small Cell Stage IVPhase 3
interferon γ-1bFriedreich's AtaxiaPhase 3
Darbepoetin AlfaMyelodysplastic Syndrome (MDS)Phase 3
DenosumabOsteogenesis ImperfectaPhase 3

Funding History

1
Total raised:$5B
Debt$5B

FDA Approved Drugs

25
PAVBLUBLAAug 23, 2024
BKEMVBLAMay 28, 2024
IMDELLTRABLAMay 16, 2024

Opportunities

Amgen's primary near-term opportunities are the multi-billion dollar obesity market with MariTide and the creation of a new cardiovascular disease treatment paradigm with Olpasiran.
Long-term, its integrated biologics and biosimilars platform, powered by AI and data science, positions it to sustainably innovate and capture value across the healthcare lifecycle.

Risk Factors

Key risks include clinical or commercial failure of high-stakes late-stage pipeline assets (MariTide, Olpasiran), significant revenue erosion from upcoming patent expirations (e.g., Prolia), and intense pricing pressure and competition across all core therapeutic areas.

Competitive Landscape

Amgen faces intense competition from large pharma (e.g., Novo Nordisk, Lilly in obesity; Merck, AstraZeneca in oncology) and agile biotechs. Its key competitive advantages are its world-class biologics manufacturing scale and reliability, its fully integrated R&D/commercial model, and its strong financial position enabling strategic business development.

Company Timeline

1980Founded

Founded in Thousand Oaks, United States

2020Debt

Debt: $5.0B

2024FDA Approval

FDA Approval: PAVBLU

2024FDA Approval

FDA Approval: BKEMV

2024FDA Approval

FDA Approval: IMDELLTRA