Stantec to buy tri-county engineering firm Penfield & Smith
Stantec, a large publicly traded design and consulting company, is acquiring Santa Barbara-based engineering firm Penfield & Smith. Terms of the deal, expected to close in October, were not disclosed. Penfield & Smith has regional offices in Santa Barbara, Camarillo and Santa Maria. The company had revenue of $16 million last year, according to Business Read More →
Amgen seeks approval for new cholesterol drug
Amgen became the first drugmaker to seek U.S. regulatory approval for a new class of cholesterol-lowering treatments after it submitted an application to the Food and Drug Administration on Thursday for evolocumab. Thousand Oaks-based Amgen said the drug works by blocking a naturally occurring protein called PCSK9 that prevents the liver from removing LDL cholesterol, Read More →
Editorial: Large employers loosen grip on Ventura County
Half-a-dozen years ago, East Ventura County’s economy was heavily dependent on two very large employers: subprime lending giant Countrywide Financial Corp. and biotech behemoth Amgen.
Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ
Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that Read More →
Amgen hires former 3M exec as CFO
Amgen has hired David Meline, formerly with industrial conglomerate 3M Co., as its new chief financial officer. At 3M, Meline was responsible for the finances of a Minnesota-based company with more than $30 billion in worldwide revenues. Amgen, the world’s largest biotechnology firm, had profits of $5 billion in 2013, a 17 percent increase from Read More →
