How will these changes affect you?

If you were at the Town Hall today you probably got the sense that a major change is in the works and will be announced "between Q3 and EOY". In-the-interim we will "pause to reassess our model and spend money more wisely". There were confusing answers to questions -- Q:"Why are we hearing mixed messages?" (rene of growth in Jan-2011 to one of budget cuts, hiring freezes, program closures post-positive ph2 results, etc), A:"There are no mixed messages, the strategy remains the same, we are at a pause..." -- but it is clear that "optimizing R&D", "stop pouring money into areas that will not show a return", and "do we need to do everything ourselves?" will lead to "changes to the R&D model". How will these changes affect you?

 

Vtp #2 on the way. Most staff in R&D havnt figured this out yet.

 

It was Kevin speaking like a politician instead of like the leader of a science based company that he is supposed to be. Very sad....

 

What departments were at the town hall? Presumably it occurred in TO?

 

Many departments attended; a random selection of individuals were invited.

 

and they will continue throughout June.

 

Exit from small molecule discovery to focus on core skills and license in small molecules at PhII

 

My prediction is that Amgen as you know it will not exist in 5 years. Kevin will make sure of it, simply a terrible CEO.