Amgen cuts list price of Repatha by 60 percent
East Ventura County, Health Care & Life Science, Latest news, Tri-County Public CompaniesAmgen doubled down on its decision to slash the list price of one of its newest drugs, Repatha, listing it for all patients at $5,840 per year. The Thousand Oaks-based biotech giant reduced the list price by 60 percent for some patients for the cholesterol medication a year before, and the announcement Oct. 24 discontinues Read More →
Amgen warns investors of ‘mini-tender’ offer
Health Care & Life Science, Latest news, Tri-County Public CompaniesBiotech giant Amgen warned investors of a so-called “mini-tender” offer by TRC Capital Corp. that seeks to buy half a million of the company’s shares at below-market prices ahead of its third quarter earnings. The unsolicited offer is dated Oct. 11 and offers to purchase up to 500,000 of Amgen common stock at $192 per Read More →
Dubroff: Zuckerberg plays monopoly, dodges the truth
East Ventura County, Health Care & Life Science, Latest news, Tri-County Public CompaniesAfter watching Facebook chief executive Mark Zuckerberg labor to explain his company’s policies on privacy, diversity and currency in testimony before Congress on Oct. 23, I have come to some conclusions about the social media giant and its future. Like any company with monopoly or near-monopoly power, Facebook is way too concerned about costs. It Read More →
Teledyne shares soar as earnings beat estimates
Earnings, East Ventura County, Latest news, Technology, Tri-County Public CompaniesShares of Thousand Oaks-based Teledyne Technologies jumped nearly 6 percent or $18 on Oct. 23 after the company reported quarterly results that beat estimates. Teledyne shares were trading in the $330 range in afternoon trading after the company reported adjusted earnings of $2.57 per share and revenue of $802.20 million for the quarter ended September Read More →
Google makes breakthrough in quantum computing at South Coast lab
Higher Education, Latest news, South Coast, TechnologyGoogle has developed a computer that’s reached “quantum supremacy,” performing a computation in 200 seconds that would take the fastest supercomputers about 10,000 years, Bloomberg News reported. The results of Google’s tests, which were conducted using a quantum chip it developed in-house at its lab in Goleta, were published Oct. 23 in the scientific journal Read More →
2 tri-county companies on Pepperdine’s most fundable list
Latest news, Startups, TechnologyTwo tri-county companies received recognition from the Pepperdine Graziadio Business School, which named them among the top 15 most fundable firms in the nation Oct. 18. Westlake Village-based Giftz ranked No. 12 on the list. The company’s platform allows users to exchange things like points, miles or gift cards for cash or trade them to Read More →
Amgen CFO retiring in 2020
East Ventura County, Health Care & Life Science, Latest news, Tri-County Public CompaniesThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
