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Amgen Completes Acquisition of Alantos

Acquisition of Dipeptidyl Peptidase IV Inhibitor for Treatment of Type II Diabetes and Matrix Metalloproteinases Platform for Osteoarthritis
THOUSAND OAKS, Calif., Jul 16, 2007 (BUSINESS WIRE) -- Amgen (NASDAQ:AMGN) today announced the completion of its acquisition of Alantos, a private company developing drugs for the treatment of diabetes and inflammatory diseases. The transaction provides Amgen with Alantos's DPP-IV inhibitor in clinical development (Phase 2a) for the treatment of type II diabetes as well as its matrix metalloproteinases platform for osteoarthritis. The acquisition was originally announced June 6.

About Amgen

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, 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, visit www.amgen.com.

SOURCE: Amgen

Amgen, Thousand Oaks
Anne McNickle, 805-447-5890
Arvind Sood, 805-447-1060 (investors)