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7:00 AM GMT, Sep 9, 2013
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Finance

Amgen's poker face

SEC filings posted last week detailing the negotiations between Amgen Inc. and Onyx Pharmaceuticals Inc. show that Amgen managed to shave more than $400 million off the final price based on interim Phase III data for multiple myeloma drug Kyprolis carfilzomib.

The data from the FOCUS trial, which emerged in late July, also scared off the only other offer Onyx was still seriously entertaining.

What was known prior to the filing was that Amgen

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This article and the information contained in BioCentury's publications and services are solely for your own personal, non-transferable licensed use and cannot be shared with any other individuals. For information about adding subscribers to your account or obtaining article reprints, please contact support@biocentury.com.