Amgen bails on brain research | Pacific Coast Business Times

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Biotech giant Amgen bails on brain research

By Marissa Nall / Friday, November 1st, 2019 / Comments Off on Biotech giant Amgen bails on brain research

Amgen announced its exit from neurology research as sales slumped in its third quarter, while higher net income and stock buybacks propelled earnings per share up 14 percent. Despite the initial success of its migraine treatment Aimovig, the Thousand Oaks biotech giant announced its intention to call off early forays into neuroscience research, shifting its…

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