Amgen restructures to focus resources on late-stage drugs

10/19/2011 | Los Angeles Times (tiered subscription model)

Amgen said it is eliminating about 380 positions in research and development to focus resources on its late-stage drug pipeline. "It's very expensive to conduct clinical trials," said spokeswoman Mary Klem. "The patient population gets bigger at each phase. That's the crux of what is causing us to make these strategic changes."

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