Prescription pickup.Amgen Inc. agreed to buy closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. pharmaceuticals Alantos Pharmaceuticals for $300 million. The acquisition of the Cambridge, Mass.-company, which employs 45 people, was the second by Amgen last week. The Thousand Oaks-based biotech company also bought privately held Ilypsa, which makes drugs for kidney disorders, for $420 million. These acquisitions come amid concern over health risks associated with the off-label uses of Amgen's two best-selling drugs, Epogen and Aranesp. Both are used to treat patients with chronic kidney disease Chronic kidney disease (CKD), also know as chronic renal disease, is a progressive loss of renal function over a period of months or years through five stages. Each stage is a progression through an abnormally low and progressively worse glomerular filtration rate, which is and by cancer patients whose anemia is caused by chemotherapy. Alantos has developed ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. 2-0426, a drug the company hopes will be used to treat Type 2 diabetes type 2 diabetes n. See diabetes mellitus. . |
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