Biotech giant Amgen bails on brain research
IN THIS ARTICLE
- Earnings Topic
- Marissa Nall Author
By Marissa Nall Friday, November 1st, 2019
Amgen announced its exit from neurology research as sales slumped in its third quarter, while higher net income and stock buybacks propelled earnings per share up 14 percent. Despite the initial success of its migraine treatment Aimovig, the Thousand Oaks biotech giant announced its intention to call off early forays into neuroscience research, shifting its…