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Amgen Inc

amgen.com

Amgen Inc (NASDAQ: AMGN) is a biotechnology company that discovers, develops, manufactures, and markets human therapeutics derived from cellular and molecular biology. Revenue comes from product sales of prescription medicines across oncology, inflammation, cardiovascular, bone health, and other therapeutic areas, sold primarily to wholesalers, specialty distributors, and healthcare providers. The 10-K filed 2026-02-13 references marketed products including biologics and small molecules, with BiTE bispecific T-cell engager technology noted as a platform. Amgen operates across the United States and internationally, with geographic area financial information disclosed in the filing. The company holds Biologics License Applications with the FDA and engages with the European Medicines Agency for EU approvals, reflecting a regulatory-dependent commercialization model. IP protection across its biologic portfolio and the high clinical and regulatory barriers to entry in biologics manufacturing represent structural advantages over generic competition, though biosimilar competition under the BPCIA is an explicit risk factor in the filing.

Products & Services

Marketed human therapeutics spanning oncology, inflammation, cardiovascular, and bone health; BiTE bispecific T-cell engager platform; biologics and biosimilars; pipeline product candidates in clinical development.

Revenue Model

Transactional product sales of prescription biologic and small-molecule medicines to wholesalers, specialty distributors, and healthcare providers; reimbursement through Medicare, Medicaid, and private insurers drives effective net pricing.

Customers & Markets

Wholesalers, specialty distributors, hospitals, and healthcare providers; end patients covered under Medicare, Medicaid (including 340B Drug Pricing Program), and commercial insurance; oncology, inflammation, cardiovascular, and bone health end markets.

Geographic Exposure

United States and international markets; geographic area financial information disclosed in FY2025 10-K filing; EU regulatory engagement through EMA and European Commission.

Financial Snapshot

Revenue
TTM
$37.22B
Gross Margin
TTM
71.24%
Net Income
TTM
$7.800B
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
126.13%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
$79.21B
Book Value
2026 Q1
$13.30B
Cash
2026 Q1
P/E
TTM
24.94
Free Cash Flow
TTM
$8.597B

Stock Price

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Market Cap: $194.54 Billion

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