Amgen continues buy-back.Directors at biotech giant Amgen Inc. last week authorized an additional repurchase of up to $5 billion in its common stock, a vote of confidence in the company's long-term prospects even as others are questioning the long-term profitability of its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. line. The Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. company, which had $1.5 billion remaining under its previous stock buyback Stock buyback A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share. stock buyback See buyback. authorization, has seen its Epogen-Aranesp anemia treatments come under fire in recent weeks. A congressional panel earlier this month discussed whether to change how dialysis centers and doctors are reimbursed for prescribing Epogen in conjunction with kidney dialysis Dialysis, Kidney Definition Dialysis treatment replaces the function of the kidneys, which normally serve as the body's natural filtration system. , which often leads to anemia. Staff reporter Deborah Crowe can be reached at (323) 549-5255, ext. 232, or at dcrowe@labusinessjournal.com. |
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