Amgen to buy drug developer Micromet for $1.16 billion

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The acquisition will help Thousand Oaks biotech giant Amgen broaden its product pipeline with Micromet's drug being tested as a treatment for leukemia and non-Hodgkin's lymphoma. Biotech giant Amgen, fresh off mixed earnings, said it will shell out $1.16 billion to broaden its product pipeline by buying fellow drug developer Micromet Inc.

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This entry was posted on Friday, January 27th, 2012 at 2:14 am and is filed under Latest Thousand Oaks News.

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