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Amgen revenues fall but profits increase

By   /  Wednesday, April 26th, 2017  /  Earnings, East Ventura County, Health Care, Latest news, Technology, Tri-County Public Companies  /  No Comments

Thousand Oaks-based biotech giant Amgen’s total revenues decreased by 1 percent to $5.5 billion during the first quarter of 2017, compared to the same period a year ago, according to an earnings report April 26. The drop was related to the plunge in sales of Enbrel, its rheumatoid arthritis drug. Sales decreased 15 percent due Read More →

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Cottage Health settles flesh-eating disease death lawsuit

By   /  Friday, April 7th, 2017  /  Columns, Health Care, Latest news, Law  /  No Comments

Cottage Hospital wants to merge with Sansum Clinic. Regulators are studying the proposal. (Nik Blaskovich)

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Thousand Oaks braces for Amgen staff cuts

By   /  Friday, March 31st, 2017  /  East Ventura County, Health Care, Technology, Top Stories, Top Story  /  No Comments

This 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.

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Dubroff: East Ventura County should focus on creating a biotech cluster

By   /  Friday, March 31st, 2017  /  Columns, East Ventura County, Health Care, Latest news, Technology  /  No Comments

Henry Dubroff

When the Business Times broke the story that Amgen was cutting roughly 500 support and operations jobs at its sprawling Thousand Oaks campus, there were gasps — and sighs of relief. Gasps because the world’s largest biotechnology company is the economic engine for the Conejo Valley, East Ventura County and, for that matter, a big Read More →

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FDA fast tracks Amgen’s Blincyto leukemia drug

By   /  Thursday, March 30th, 2017  /  Health Care, Latest news, Technology  /  No Comments

Thousand Oaks-based biotech giant Amgen announced March 29 that the U.S. Food and Drug Administration has fast-tracked the company’s leukemia drug Blincyto for priority review. The drug increases the length of survival among high-risk patients, according to a study released by the New England Journal of Medicine. It almost doubled median overall survival versus chemotherapy among adult patients Read More →

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Law firm probing Sientra board of directors

By   /  Friday, March 24th, 2017  /  Health Care, Latest news, Law  /  Comments Off on Law firm probing Sientra board of directors

The law firm of Brodsky & Smith has announced an investigation into the board of directors at Sientra, a breast implant manufacturing firm based in Goleta. According to a news release from the law firm, the investigation comes after previous litigation. The complaint alleges that the defendants made false and misleading statements, including failing to Read More →

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500 Amgen employees to be re-assigned, relocated or laid off

By   /  Friday, March 24th, 2017  /  East Ventura County, Health Care, Latest news, Tri-County Economy  /  Comments Off on 500 Amgen employees to be re-assigned, relocated or laid off

Nearly 500 Amgen employees in Thousand Oaks have been notified that they will be re-assigned, relocated or laid off as part of a restructuring plan. The biotech giant informed employees on March 22 that they will be reassigned to a new Tampa Bay, Fla. facility and research and development offices in Cambridge, Mass. and South Read More →

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