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    AMGN   US0311621009


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Amgen Inc. completed the acquisition of TeneoBio, Inc. from Lightspeed Ventures, LLC and Sutter Hill Ventures.

10/19/2021 EST

Amgen Inc. (NasdaqGS:AMGN) announced an agreement to acquire TeneoBio, Inc. from Lightspeed Venture Partners, Sutter Hill Ventures and others for $2.5 billion on July 27, 2021. The purchase price is subject to customary adjustments. Under the terms of the agreement, Amgen will acquire all outstanding shares of Teneobio at closing in exchange for a $900 million upfront cash payment, as well as future contingent milestone payments to Teneobio equity holders potentially worth up to an additional $1.6 billion in cash. The acquisition is subject to customary closing conditions, including applicable regulatory approvals, antitrust approvals and Teneobio?s completion of certain restructuring arrangements with respect to its subsidiaries, including the spin out of three of Teneobio?s subsidiaries to the pre-closing equity holders of Teneobio and the closing of AbbVie Inc.?s acquisition of TeneoOne, Inc. The transaction is expected to close in the second half of 2021. Goldman Sachs & Co. LLC acted as financial advisor and Daniel Rees, Charles Ruck, Steve Chinowsky, Darryl Steensma, Eliot Choy, Michelle Carpenter, Larry Stein, William Kessler, Elizabeth Richards, Robert Blamires, Mandy Reeves and Patrick English of Latham & Watkins LLP acted as legal advisors to Amgen. Michael Irvine, Michael Richman, Steve Ray, Colin Chapman and Craig Olshan of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted as legal advisors to TeneoBio. Amgen Inc. (NasdaqGS:AMGN) completed the acquisition of TeneoBio, Inc. from Lightspeed Ventures, LLC and Sutter Hill Ventures on October 19, 2021.

ę S&P Capital IQ 2021
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Analyst Recommendations on AMGEN INC.
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Financials (USD)
Sales 2021 26 018 M - -
Net income 2021 5 551 M - -
Net Debt 2021 22 411 M - -
P/E ratio 2021 20,5x
Yield 2021 3,44%
Capitalization 114 B 114 B -
EV / Sales 2021 5,24x
EV / Sales 2022 4,92x
Nbr of Employees 24 300
Free-Float 99,8%
Duration : Period :
Amgen Inc. Technical Analysis Chart | AMGN | US0311621009 | MarketScreener
Technical analysis trends AMGEN INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 202,44 $
Average target price 238,86 $
Spread / Average Target 18,0%
EPS Revisions
Managers and Directors
Robert A. Bradway Chairman, President & Chief Executive Officer
Peter H. Griffith Chief Financial Officer & Executive Vice President
David M. Reese Executive Vice President-Research & Development
Darryl Sleep Chief Medical Officer & Senior VP-Global Medical
Mike Zahigian Chief Information Officer & Senior Vice President
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