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Amgen looks to Asia for testing opportunities, partners.


AMGEN AMGEN Applied Molecular Genetics (original meaning) , Inc., already considered the world s largest biotech, is now deepening its footprint in Asia. The Thousand Oaks-based company is establishing offices in India and China so it can better test its drugs in those markets--and potentially scout opportunities for industry partnerships.

Amgen is forming local affiliate companies in Hong Kong This is a list of companies from Hong Kong.

  • Amoy Food Limited
  • Ajiichiban
  • Ality
  • AP Coeli
  • Asia Television Ltd (ATV)
  • Baleno
  • CafĂ© de Coral
  • CDC Corporation
  • Cheung Kong Holdings
  • China Light and Power
  • Chinachem Group
 and Mumbai, India, with the capability to conduct clinical trials in India and East Asia East Asia

A region of Asia coextensive with the Far East.



East Asian adj. & n.
, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 spokeswoman Mary Klein. She declined to comment on speculation in the Indian media that the company may be interested in partnerships that could lead to potential acquisition of drag discovery firms in those markets.

"We are open to working with drug development partners anywhere in the world, but do not currently have a targeted focus on Asia," Klem said.

The company's Asia-Pacific operations already include a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 in Japan, and commercial operations to sell its products in Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . Initial activities in both Hong Kong and Mumbai will focus conducting clinical trials for several Amgen investigational drags, with enrollment expected to start next year.

Amgen, which has worldwide sales of more than $12 billion and an annual research budget of $1.3 billion, recently embarked the largest research and development expansion since the company's founding in 1980.

Staff reporter Deborah Crowe can be reached at (323) 549-5225, ext. 232, or at dcrowe@labusinessjournal.com.
COPYRIGHT 2006 CBJ, L.P.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:HEALTH CARE & BIOTECH
Author:Crowe, Deborah
Publication:Los Angeles Business Journal
Date:Nov 20, 2006
Words:227
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