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“TO SERVE PATIENTS” DYLAN SCELZA

Amgen Company Overview

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“TOSERVEPATIENTS”

DYLANSCELZA

ProblemSolved

Pioneersmedicinestoaddressdiseaseswithlimitedtreatmentoptions

Whatisbiotechnology inmedicine?

Whatisbiotechnology inmedicine?

• Mixofbiology,chemistry,andtechnology

Whatisbiotechnology inmedicine?

• Mixofbiology,chemistry,andtechnology• Derivedfromlivingorganisms

Whatisbiotechnology inmedicine?

• Mixofbiology,chemistry,andtechnology• Derivedfromlivingorganisms• Medicinerequiresinjectionorinfusion

CoreProducts

• Enbrel:Targetsautoimmunediseases• Neulasta:Boostswhitebloodcells• Aranesp:Boostsredbloodcells

Financials:(AMGN)

• AnnualRevenue:$23B

• OperatingMargin:48%

• MarketCap:$114B 0

5

10

15

20

25

Revenuein$B

’12’13’14’15’16

YEAR

Financials:(AMGN)

• AnnualRevenue:$23B

• OperatingMargin:48%

• MarketCap:$114B

BusinessModel

• Brandeddrugs• Acquiringpromisingcompanies

• Biosimilars (soon)

26%

22%9%

43%

RevenuebyProduct

EnbrelNeulastaAranespOtherProducts

HistoryVentureCapital

Startup

IPOandEPOGEN

$1Bsales

AcquiresENBREL

Beginsbiosimilardevelopment

1980|1983|1992|2002|2011

WhatistheSecretSauce?

WhatistheSecretSauce?

• Patents

WhatistheSecretSauce?

• Patents• R&Dtalent

WhatistheSecretSauce?

• Patents• R&Dtalent• Manufacturing

BrandedCompetitors(Enbrel)

PrioritizesBiotechnology

NoFDABiosimilars

DrugName Enbrel Humira Infliximab Rituximab

PercentTotalSales 26% 61% 21% 24%

Outlook:Neutral

Outlook:Neutral

+ Upcomingdrugpipeline

Outlook:Neutral

+ Upcomingdrugpipeline+/- Politicalclimate

Outlook:Neutral

+ Upcomingdrugpipeline+/- Politicalclimate- Patentexpiration

Questions

Referenceshttp://www.amgen.com/about/quick-facts/

http://www.amgenhistory.com

http://www.amgenbiosimilars.com/

https://en.wikipedia.org/wiki/List_of_largest_selling_pharmaceutical_products

https://www.nytimes.com/2016/07/16/business/makers-of-humira-and-enbrel-using-new-drug-patents-to-delay-generic-versions.html?_r=0

http://investors.abbvie.com/

https://www.jnj.com

http://www.roche.com/investors.htm