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Amgen to Acquire Onyx Pharmaceuticals

Expands oncology portfolio

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Amgen and Onyx Pharmaceuticals, Inc. have entered an agreement under which Amgen will acquire all outstanding shares of Onyx for $10.4 billion in cash. Onyx, a global biopharmaceutical company, develops and commercializes innovative cancer therapies. The transaction is expected to close in 4Q13, subject to customary closing conditions.   Onyx has a growing multiple myeloma franchise, including Kyprolis (carfilzomib) for Injection, which is approved in the U.S. In addition, Onyx has three partne...

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