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BIOTECH COMPANY AMGEN 3Q PROFIT DROPS 63 PERCENT ON SETTLEMENT OTHER CHARGES AND HIGHER COSTS

October 25, 2011

TRENTON, N.J. — Amgen Inc. said Monday that its third-quarter profit plunged by more than 60 percent, mainly because of a $780 million charge for a planned settlement of multiple federal and state investigations of marketing and other practices. The world’s largest biotech drugmaker also had higher costs for administration and production, but it still beat Wall Street estimates excluding one ...



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