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News Summary: Amgen 2Q sales, adjusted profit jump

STRONG QUARTER: Biotech drugmaker Amgen said its second-quarter net income dipped 1 percent as it spent more on research and production, but adjusted profit soundly beat Wall Street expectations by 15 cents per share. Revenue rose 5 percent on strong sales across its portfolio.Full story

Amgen 2Q net dips on higher research, other costs

Amgen Inc. said Tuesday that its second-quarter profit dipped 1 percent as higher spending on research, production and other items offset rising sales of its medicines. Full story

Clarification: Amgen-Earnings Preview story

In a story July 26, The Associated Press reported that biotech drugmaker Amgen Inc. will make Japanese pharmaceutical company Astellas Pharma Inc. a wholly owned subsidiary of Amgen as soon as 2020. In fact, a joint venture of Amgen and Astellas will become a unit of Amgen. Parent Astellas Pharma In Full story

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