Equity Research on Amgen Inc. and Biogen Idec Inc. - Biotech Industry Growing
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 02/02/12 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Biotechnology industry and are offering free analytical research on (NASDAQ: AMGN) and (NASDAQ: BIIB). Register with us today at to have free access to these research reports.
The biotechnology industry started 2012 on a positive note as a whole but is facing a few headwinds. Increased costs, greater competition and the need to get new products to market may slow growth for some companies. Get your free reports on and at . There is no commitment to join.
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The biggest positive for the industry is that several companies are reporting increased sales and revenues. Amgen Inc. saw sales climb approximately 3% to just shy of $4 billion in the fourth quarter. Biogen Idec Inc. had yet to report its fourth quarter figures at the time this article was written but the company did grow revenues 11.4% in the third quarter. report is accessible for free by registering today at .
Merger and acquisition activity is also on the rise for the industry. Amgen recently agreed to buy Micromet for $1.16 billion. Prior to the acquisition, the two companies had a partnership aimed at discovering and developing antibodies against tumors. This acquisition now gives Amgen complete ownership of the program and along with Micromet's other products will help expand its pipeline of oncology treatments. report is accessible for free by registering today at .
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