Amgen Acquires Dark Blue Therapeutics for Up to $840 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Should l Buy AMGN?
Source: NASDAQ.COM
- Acquisition Strategy: Amgen's acquisition of UK-based Dark Blue Therapeutics for up to $840 million enhances its research capabilities in acute myeloid leukemia (AML), further expanding its oncology product portfolio.
- Innovative Drug Development: This acquisition provides Amgen with an investigational small molecule that targets and degrades two proteins driving specific AML types, indicating potential in overcoming treatment resistance and enhancing remission durability.
- Preclinical Data Support: Promising anti-cancer activity and mechanistic differentiation from existing therapies have been demonstrated in leukemia models, suggesting new treatment options for both single-agent and combination therapies.
- Integration of R&D Resources: Amgen plans to integrate Dark Blue Therapeutics into its existing research organization, thereby strengthening its early oncology discovery efforts and enhancing its competitive position in the rapidly evolving cancer treatment market.
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Analyst Views on AMGN
Wall Street analysts forecast AMGN stock price to fall
24 Analyst Rating
14 Buy
9 Hold
1 Sell
Moderate Buy
Current: 379.420
Low
280.00
Averages
363.10
High
425.00
Current: 379.420
Low
280.00
Averages
363.10
High
425.00
About AMGN
Amgen Inc. is a biotechnology company. It discovers, develops, manufactures and delivers medicines for the toughest diseases. It focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve people’s lives. It operates in the human therapeutics segment. Its marketed products portfolio includes EPOGEN (epoetin alfa); Aranesp (darbepoetin alfa); Parsabiv (etelcalcetide); Neulasta (pegfilgrastim); KANJINTI (trastuzumab-anns); Otezla; BLINCYTO (blinatumomab); ACTIMMUNE (interferon gamma-1b); Neulasta (pegfilgrastim); Sensipar/Mimpara (cinacalcet); Prolia (denosumab); ENBREL; QUINSAIR (levofloxacin); Repatha (evolocumab) and others. It markets ENBREL, a tumor necrosis factor blocker, in the United States and Canada. It markets Otezla, a small molecule that inhibits phosphodiesterase 4, in many countries around the world. It markets Repatha, a proprotein convertase subtilisin/kexin type 9 (PCSK9) inhibitor, in many countries around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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