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Amgen Provides Ambitious Update On Biosimilars Business

CEO Says Company Expects To Double Biosimilar Revenues To Around $4bn By 2030

 
• By Chloe Kent

Amgen CEO Robert Bradway has delivered confident predictions for the company’s biosimilars business at the J.P. Morgan Healthcare Conference, with a steady flow of launches expected to give the company’s earnings a significant boost over the coming years.

Amgen offices at Cambridge Science Park
Amgen has restated its ambitions to double the value of its biosimilars business by 2030 • Source: Alamy

Amgen, Inc. has provided an update on its biosimilars business during a management discussion at the 40th annual J.P. Morgan Healthcare Conference, anticipating “a steady flow of launches that should enable us to grow that business as well through the end of the decade.”

“We expect to be able to grow the franchise as we launch new products and as we enter new geographic markets for those products

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