[podcast+transcript]Why Amgen's Spending Billions to Buy This 1 Drug

After the Federal Trade Commission (FTC) demanded Bristol-Myers Squibb (NYSE: BMY) sell its blockbuster Otezla to secure approval for its $74 billion acquisition of Celgene (NASDAQ: CELG), a bidding war resulted in Amgen (NASDAQ: AMGN) agreeing to pay $13.4 billion in cash for the psoriasis drug. Amgen's purchase price is well above the range most industry watchers were expecting, but the acquisition could still pay off.