Amgen Inc (HKSE:04332)

HK$ 1761 0 (0%) Market Cap: 1.17 Til Enterprise Value: 1.57 Til PE Ratio: 35.86 PB Ratio: 20.00 GF Score: 92/100

Amgen Inc at Goldman Sachs Global Healthcare Conference Transcript

Jun 12, 2019 / 06:20PM GMT

Release Date Price: HK$1000

Transcript

Terence C. Flynn

Goldman Sachs Group Inc., Research Division - MD

Okay. Great. I think we're going to get started, but thanks for joining us for our session with Amgen. I'm Terence Flynn, one of the biotech analysts here at Goldman, and we're very pleased to have Dave Reese, who's Executive Vice President of R&D for Amgen. And with that, I'm going to turn it over to Dave for some opening remarks, and then we'll dive into questions.

David M. Reese

Amgen Inc. - Executive VP of Research & Development

Well, thanks, Terence. It's a pleasure to be here today. Let me just make a few comments about our approach to R&D. I've been the head of R&D for just about a year now. And how do I conceptualize R&D in our industry as it exists now and projecting out 10 or 15 years? Well, to me, there are 2 core existential problems that we need to solve. One of them is how do we improve the success rates? Currently, they still run around 8% and it's been that way for some time. That varies by therapeutic areas, but we must do better. And then two, how do we

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