THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Jan. 17, 2008--Amgen
(NASDAQ:AMGN) today announced offers to exchange (1) any and all of
its $2,000,000,000 Senior Floating Rate Notes due 2008 for an equal
amount of new Senior Floating Rate Notes due 2008, (2) any and all of
its $1,100,000,000 5.85 percent Senior Notes due 2017 for an equal
amount of new 5.85 percent Senior Notes due 2017, and (3) any and all
of its $900,000,000 6.375 percent Senior Notes due 2037 for an equal
amount of new 6.375 percent Senior Notes due 2037.
The terms of the new notes are substantially the same as the
original notes, except that the new notes will have no transfer
restrictions under the Federal securities laws, rights to additional
interest or registration rights. Original notes that are not exchanged
will continue to be subject to transfer restrictions under the Federal
The exchange offer will expire at 5:00 p.m., Eastern Time, on Feb.
19, 2008, unless extended. Tenders of the original notes must be made
before the exchange offer expires and may be withdrawn at any time
before the exchange offer expires.
Amgen urges holders of the original notes to read its exchange
offer materials, including the prospectus and related materials,
because they contain important information about the exchange offer.
Holders of the original notes may obtain the prospectus and related
materials through the exchange agent for the exchange offers, which
can be contacted at:
The Bank of New York
101 Barclay Street - 7 East
New York, New York 10286
Attention: Carolle Montreuil,
Corporate Trust Operations,
Telephone: (212) 815-5920
Facsimile: (212) 298-1915
This press release does not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
securities to be issued in the exchange offer in any State in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
This news release contains forward-looking statements that involve
significant risks and uncertainties, including those discussed below
and others that can be found in our registration statement and
prospectus relating to the exchange offer described above, in our Form
10-K for the year ended Dec. 31, 2006, and in our periodic reports on
Form 10-Q and Form 8-K. Amgen is providing this information as of the
date of this news release and does not undertake any obligation to
update any forward-looking statements contained in this document as a
result of new information, future events or otherwise.
No forward-looking statement can be guaranteed and actual results
may differ materially from those we project. Amgen´s statements in
this press release contain forward-looking statements regarding the
timing of the exchange offer. There can be no assurance that Amgen
will complete the exchange offer on the anticipated terms or at all.
Amgen´s ability to complete the exchange offer will depend, among
other things, on market conditions. In addition, Amgen´s results may
be affected by our ability to successfully market both new and
existing products domestically and internationally, clinical and
regulatory developments (domestic or foreign) involving current and
future products, sales growth of recently launched products,
competition from other products (domestic or foreign) and difficulties
or delays in manufacturing our products. In addition, sales of our
products are affected by reimbursement policies imposed by third-party
payors, including governments, private insurance plans and managed
care providers and may be affected by regulatory, clinical and
guideline developments and domestic and international trends toward
managed care and health care cost containment as well as U.S.
legislation affecting pharmaceutical pricing and reimbursement.
Government and others´ regulations and reimbursement policies may
affect the development, usage and pricing of our products.
Furthermore, our research, testing, pricing, marketing and other
operations are subject to extensive regulation by domestic and foreign
government regulatory authorities. We or others could identify safety,
side effects or manufacturing problems with our products after they
are on the market. Our business may be impacted by government
investigations, litigation and product liability claims. Further,
while we routinely obtain patents for our products and technology, the
protection offered by our patents and patent applications may be
challenged, invalidated or circumvented by our competitors. We depend
on third parties for a significant portion of our manufacturing
capacity for the supply of certain of our current and future products
and limits on supply may constrain sales of certain of our current
products and product candidate development. In addition, we compete
with other companies with respect to some of our marketed products as
well as for the discovery and development of new products. Discovery
or identification of new product candidates cannot be guaranteed and
movement from concept to product is uncertain; consequently, there can
be no guarantee that any particular product candidate will be
successful and become a commercial product. Further, some raw
materials, medical devices and component parts for our products are
supplied by sole third-party suppliers.
Amgen discovers, develops and delivers innovative human
therapeutics. A biotechnology pioneer since 1980, Amgen was one of the
first companies to realize the new science´s promise by bringing safe
and effective medicines from lab, to manufacturing plant, to patient.
Amgen therapeutics have changed the practice of medicine, helping
millions of people around the world in the fight against cancer,
kidney disease, rheumatoid arthritis and other serious illnesses. With
a deep and broad pipeline of potential new medicines, Amgen remains
committed to advancing science to dramatically improve people´s lives.
To learn more about our pioneering science and our vital medicines,
CONTACT: Amgen, Thousand Oaks
David Polk, 805-447-4613 (media)
Arvind Sood, 805-447-1060 (investors)