Shares of Amgen slid on new government rules for reimbursing the biotech's blockbuster anemia drugs. The rules, though, are actually less restrictive than the proposed guidelines that were released for review earlier this year. The rules released today restrict the use of anemia drugs to prevent hemoglobin levels from declining.
- read the AP report [1] on Amgen
Related Articles:
New Medicare cap on anemia drugs could hammer Amgen. Report [2]
FDA panel votes for restrictions on anemia drugs. Report [3]
Amgen stock slips as anemia drug concerns rise. Report [4]
New study points to danger of anemia drug. Report [5]
Major challenges loom for Amgen. Report [6]
Links:
[1] http://www.forbes.com/feeds/ap/2007/07/31/ap3970999.html
[2] http://www.fiercebiotech.com/story/new-medicare-cap-on-anemia-drugs-could-hammer-amgen/2007-05-15
[3] http://www.fiercebiotech.com/story/fda-panel-votes-for-restrictions-on-anemia-drugs/2007-05-11
[4] http://www.fiercebiotech.com/story/amgen-stock-slips-as-anemia-drug-concerns-rise/2007-03-02
[5] http://www.fiercebiotech.com/story/new-study-points-to-danger-of-anemia-drug/2006-11-16
[6] http://www.fiercebiotech.com/story/major-challenges-loom-for-amgen/2006-10-26