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CLAIM #5818 · Amgen Inc (AMGN) · 2023Q1 earnings call · Apr 27, 2023 · due Dec 31, 2023

We look forward to several data readouts from our pipeline, mainly in the second half of the year.

Bob Bradway · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

-Pacific region in particular, we generated nearly 50% volume growth, as we expand the number of patients we serve in Japan and China, two of the world's most rapidly ageing nations with medicines like Repatha and Prolia. Amgen's R&D investment was up 12% in the quarter. That growth reflects the investments we are making in registration enabling trials for several potential new first-in-class medicines, including Olpasiran in heart disease, Rocatinlimab in inflammation and bemarituzumab and tarlatamab in cancer. All four of these medicines are quintessentially Amgen. Innovative molecules that deliver large effect sizes against serious diseases for which new treatments are very much needed. We are pursuing a number of significant new indications for TEZSPIRE, BLINCYTO and LUMAKRAS as well. We look forward to several data readouts from our pipeline, mainly in the second half of the year. We continue to invest heavily in early research where we've built a differentiated set of capabilities over the past decade that position us well to take advantage of the rapid convergence of biology and technology that we see happening today. At a time when the world marvels at ChatGPT, we've been deploying artificial intelligence and machine learning in our research labs for some time now, giving us dry lab capabilities that, when applied to biologics development, have already yielded proof success rates and reduced cycle times beyond our initial expectations. This is indeed an exciting time for biologic innovation. We remain optimistic about our announced acquisition of Horizon and similar to our experience with TAVNEOS, the more time we've spent with the team at Horizon, the more exci

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SEC filings for AMGN · Claim quote is verbatim from the 2023Q1 earnings call.