Amgen Completes Acquisition of Ilypsa| Amgen

Amgen Completes Acquisition of Ilypsa

Acquisition of Late-Stage Selective Phosphate Binder

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--July 18, 2007--Amgen (NASDAQ:AMGN) announced today the completion of its acquisition of Ilypsa, a private company developing non-absorbed drugs for renal disorders. The transaction provides Amgen with a late-stage phosphate binder for the treatment of hyperphosphatemia in chronic kidney disease (CKD) patients on hemodialysis. The acquisition was originally announced June 4.

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