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Amgen

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Executive Summary

Company will acquire Medford, Mass.-based Kinetix for $170 mil. in stock. Privately held Kinetix specializes in discovering small molecule drugs in the field of protein kinase inhibition, and has oncological and anti-inflammatory agents in preclinical development. Kinetix CEO Nick Lydon, PhD, will relocate to Thousand Oaks, Ca., to become Amgen's VP-small molecule drug discovery, while Kinetix VP-R&D and Chief Scientific Officer David Armistead, PhD, will become VP-chemistry and will head Amgen's research programs in the Boston area. While remaining in their facilities at present, Kinetix' 40 employees may eventually move to Amgen's new research & drug discovery facility being built in Cambridge, Amgen said

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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