Sure, we've got trouble, says Amgen CEO Kevin Sharer. But we can handle it. That's the bottom line from a Monday chat with investors, many of whom are more than a little worried by today's FDA panel meeting on anemia drugs. Amgen is out to counter a Medicare decision to curb the use of Aranesp and other anemia drugs. And the company, which has recently announced a major restructuring, can "hack it," he says reassuringly. Still, the biotech giant notes that it is besieged by some critical problems.
"We're a company that obviously has more than our share of challenges right now," Sharer told analysts. "We have a new reality in the business and it's not a completely predictable dynamic."
- see Amgen's release on the FDA anemia drug meeting
- check out the AP report for more on Amgen's discussion with analysts
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