Amgen (ticker: AMGN) reported earnings per share of $4.17 for the first quarter of 2020, beating the S&P Capital IQ Consensus estimate of $3.75.

“There may well be different generations of either vaccines or therapeutics, or we may need multiple complementary approaches,” he commented.

This article discusses viable methods of reducing operating costs to avoid layoffs where economics permit. However, employers should keep in mind that employees whose hours are reduced or who are furloughed for extended periods of time may in some situations qualify for unemployment benefits from their state (depending on state law).

Biotech giant Amgen Inc. said it would cut up to 2,900 employees and close facilities in Washington state and Colorado as the Thousand Oaks company moved to rein in costs and focus on new drugs. GE Healthcare nabbed FDA clearance for its AI-powered cardiovascular ultrasound system, designed to increase echocardiogram efficiency and accuracy.

As voters prepare to vote on a rent control ballot measure, supporters and opponents are both pointing to the coronavirus as a reason to pass or reject Prop.
With just over 10 million people, the Scandinavian country logged almost 83,000 confirmed cases of coronavirus infection and more than 5,700 deaths by mid August. At the J.P. Morgan Healthcare Conference in January—back when few could predict the looming destruction of COVID-19—Amgen CEO Bob Bradway vowed the … © 1996– Amgen Inc. All Rights Reserved. Sales in the first quarter rose 23% to $479 million, beating the consensus estimate of $459 million.

Older parents and retirement: What about child benefits? 3 Speen Street, Suite 300, Framingham, MA 01701. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. Employers can give thought to instituting “work share programs.”. And, when business is back on track, employers will need to reboot through an adept workforce. The med, added to Gilead's Veklury (remdesivir), posted promising trial results earlier this week. On April 17, 2020, it was reported that more than 22 million people have filed claims for unemployment benefits.

Although employers are suffering from severe economic turbulence right now, they should still be mindful of the fact that the economy will reopen and strategically position the company to bounce back. Published: Nov 20, 2019 By Mark Terry. “This is the sort of thing that pharma companies can do without a hiccup,” said Geoffrey Porges, a senior analyst at AllianceBernstein who focuses on biotech.

Learn how preclinical ototoxicity assessment can help you avoid clinical and financial risks. exclude terms.

Eli Lilly pauses COVID-19 antibody trial, citing potential safety concern. Amgen, the world's largest biotech drug maker, has about 5,500 aemployees in Thousand Oaks and has long been known as the largest private employer in Ventura County. I regularly conduct investigations, reporting to boards of directors and their audit committees. return d.getFullYear();

A second wave of layoffs looms as coronavirus stimulus talks stall: CNBC After Hours. Eli Lilly & Co. said enrollment of participants in a clinical trial of its monoclonal antibody treatment is on hold. The U.S. government will pay $31 million to Cytiva, formerly GE Life Sciences, to scale capacity for COVID-19 vaccine components across two states.
Students are fatigued and stressed.

We'll be exploring potentially different models for doing that with venture capital and perhaps academic institutions as well,” Amgen CEO Bob Bradway said on a quarterly results conference call with investors late last month. The company said it expects some of the cuts to be achieved through voluntary buyouts. Reproduction in whole or part is prohibited.

However, exempt employees’ schedules and resulting salaries generally may be changed based on an economic slowdown.

Subscribe to FiercePharma to get industry news and updates delivered to your inbox. Also: the downside of having too many credit cards. Billionaires. Earnings per share came in at $4.17. Amgen will then use those findings to develop therapies to treat COVID-19, and potentially prevent the disease among those with a greater risk of exposure, including health care workers.

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