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FTC settles lawsuit, paves way for Amgen s $28B purchase of Horizon Therapeutics

The Federal Trade Commission entered into a consent agreement with Amgen and Horizon Therapeutics, clearing the way for Amgen’s $28 billion acquisition of Horizon to go through. Announced on Sept. 1, Amgen agreed to not use its drug list to inhibit competition for Tepezza and Krystezza, which are Horizon’s biggest two drugs and the only

Federal funding allocated to disaster recovery efforts | Pacific Coast Business Times

Secretary Marcia L. Fudge is the 18th Secretary of the U.S. Department of Housing and Urban Development. (Jake Piazza / PCBT Staff) The Central Coast will receive a financial boost to its disaster recovery efforts, after the federal government announced it would be allocating $115 million to the state of California on Aug. 25. That

Amgen delivers earnings beat despite acquisition headaches | Pacific Coast Business Times

Amgen delivered a sound beat of Wall Street analysts’ predictions for its second quarter of 2023 en route to posting a record revenue. The biotech giant reported a total revenue of just under $7 billion, beating the Yahoo Finance estimate by 4.6% and causing the stock to jump up 2.3% in after-hours trading. Amgen attributed

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