May 22, 2024
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Amgen to buy ChemoCentryx for $3.7B

By   /  Thursday, August 4th, 2022  /  Banking & Finance, Health Care & Life Science, Latest news, left, Regions, Top Stories, Tri-County Public Companies, Ventura County  /  Comments Off on Amgen to buy ChemoCentryx for $3.7B

Amgen was having a relatively quiet year on the mergers and acquisitions front, at least until Aug. 4, when the Thousand Oaks-based biotech firm announced it will purchase ChemoCentryx for nearly $3.7 billion. ChemoCentryx is a Silicon Valley biopharmaceutical company focused on orally administered therapeutics to treat autoimmune diseases, inflammatory disorders and cancer. It has Read More →

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Region’s stocks slip amid market-wide slide

By   /  Wednesday, June 15th, 2022  /  Banking & Finance, Latest news, left, Regions, Santa Barbara County, Top Stories, Tri-County Public Companies, Ventura County  /  Comments Off on Region’s stocks slip amid market-wide slide

After years of charging forward, U.S. stocks have gone into hibernation, at least according to the common definition of a bear market: a market-wide decline of 20% or more from a recent peak. Most major indices are down at least that much from their highs earlier this year, with the biggest losses coming June 13. Read More →

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Amgen shares drop after earnings release and disclosure of $5B tax dispute

By   /  Wednesday, April 27th, 2022  /  Banking & Finance, Earnings, Health Care & Life Science, Latest news, left, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen shares drop after earnings release and disclosure of $5B tax dispute

When Thousand Oaks-based Amgen released its financial results for the first quarter of 2022 on April 27, the biggest surprise didn’t come from its dip in net profits or rise in revenue, but from a tax dispute with the Internal Revenue Service. Amgen said it received a notice of deficiency from the IRS on April Read More →

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In Thousand Oaks, biotech execs discuss industry’s ‘rising tide,’ lament area’s lack of housing

By   /  Friday, April 8th, 2022  /  Health Care & Life Science, Latest news, Regions, Top Stories, Top Story, Ventura County  /  Comments Off on In Thousand Oaks, biotech execs discuss industry’s ‘rising tide,’ lament area’s lack of housing

In a dark period for the Ventura County economy, immediately before and during the COVID-19 pandemic, the biotechnology sector in the Conejo Valley has been a bright spot. The sector has grown in jobs, economic output and new businesses since 2019, even when the county as a whole has not, according to data presented on Read More →

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Amgen shares jump after company announces buyback plan and long-term projections

By   /  Tuesday, February 8th, 2022  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, middle, Subscriber content, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen shares jump after company announces buyback plan and long-term projections

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Amgen reports revenue spike from COVID treatment collaboration

By   /  Monday, February 7th, 2022  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, middle, Subscriber content, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen reports revenue spike from COVID treatment collaboration

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Amgen inks drug development deal worth up to $1.9B

By   /  Friday, January 7th, 2022  /  Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen inks drug development deal worth up to $1.9B

Thousand Oaks-based Amgen has reached an agreement with Generate Biomedicines, a Massachusetts-based therapeutics company, to research, discover and create protein therapeutics, the company announced Jan. 6. According to the agreement, Amgen, one of the largest biotech companies in the world, will pay $50 million up front to fund the initial five programs, with a potential Read More →