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Amgen’s 2Q Results

Product sales up 3% in the quarter while earnings were impacted by $1.5 billion in acquired in-process R&D.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Amgen 2Q Revenues: $6.5 billion (+5%) 2Q Earnings: $464 million (-74%) Comments: Product sales increased 3% globally, driven by double digit volume growth across a several products including Prolia (denosumab) up 24% to $814 million, Repatha up 43% to $286 million, and biosimilar products MVASI up 71% to $294 million, and KANJINTI up 27% to $156 million. EVENITY sales increased 30% to $131 million. Aimovig sales were down 16% to $82 million. Otezla sales were $534 million, down 5%. Enbrel sal...

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