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Amgen - Statistics & Facts

Biotechnology company Amgen was originally founded as AMGen in 1980, standing for Applied Molecular Genetics. The company is headquartered in Thousand Oaks, California, but has establishments in many other countries around the world. Today, Amgen is the world’s largest pure play medical biotechnology company, generating 26 billion U.S. dollars of revenue and employing over 24 thousand people worldwide.

Amgen is among the larger biotech and pharma companies by market capitalization worldwide. Biopharmaceuticals manufactured by Amgen are also among the leading biotech drugs worldwide. Enbrel, Prolia, and Otezla are the company’s flagship products, responsible for over one third of Amgen’s total revenue. Interestingly, Amgen generates 70 percent of its revenues on the domestic U.S. market.

As is common in the biopharmaceutical industry, Amgen spends a significant proportion of its income on research and development. In 2021, Amgen spent nearly 16 percent of its revenue on R&D purposes. Around one third of 4.2 billion dollars of R&D spending was for late-stage clinical programs, while the rest was for discovery research and for marketed products.

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