Amgen, Inc. Pays GlaxoSmithKline plc (ADR) to Go Away

Amgen has decided to pay off its Big Pharma partner GlaxoSmithKline in order to part ways on its international marketing agreement with the company over its drug Denosumab, also known as Prolia, in the treatment of osteoporosis. The cost of the termination for Amgen will be $290 million, and will be official by the year's end. While shares are down on the news, the Prolia franchise is expected to peak out close to $3.5 billion, suggesting that this arrangement will be more than fine for Amgen in the long run.

In this video, Motley Fool health-care analyst David Williamson takes a look at Amgen and its pipeline today. David gives investors several reasons to be excited about the stock this year, and gives his opinion for why it could be a very interesting buy today.

Six stock picks poised for incredible growth
They said it couldn't be done. But David Gardner has proved them wrong, time, and time, and time again, with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently, one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.

The article Amgen, Inc. Pays GlaxoSmithKline plc (ADR) to Go Away originally appeared on

David Williamson has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story