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Amgen Losses Mount: Amgen’s chief executive said...

Amgen Losses Mount: Amgen’s chief executive said the Thousand Oaks biotechnology company faces losses in the millions of dollars for its fiscal year ending this month because of a court ruling that could delay federal approval of Amgen’s new anti- anemia drug. Gordon M. Binder said the loss would not exceed $10 million but that Amgen had expected fourth-quarter sales of the drug, called erythropoietin, or EPO, to offset start-up costs. Amgen has been sued by its marketing partner, and a federal judge last week ordered Amgen to submit more data to the U.S. Food and Drug Administration, which could delay FDA approval of the drug.


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