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Amgen

Biotechnology and drug research company.

Headquarters: One Amgen Center Dr.
Thousand Oaks, CA 91320
Employees: 20,000
CEO: Kevin Sharer
Stock Symbol: AMGN

Website: http://www.amgen.com

Career Site

Amgen is the world's largest biotechnology company. Amgen has research programs in inflammation, metabolic disorders and osteoporosis, neurology, oncology and hematology. The company has R&D facilities in Thousand Oaks, CA; San Francisco, CA; Cambridge, MA; Cambridge, UK; Regensburg, Germany; and Seattle, WA.

Products developed by Amgen include: Neulasta and Neupogen, which decrease infection in patients undergoing chemotheraphy; Enbrel, used to treat forms of arthritis; Aranesp and Sensipar, used to treat problems associated with kidney disease.

Amgen is a global leader in biotechnology manufacturing, producing more than a third of the world's output of non-vaccine and non-insulin protein therapeutics.

In 2006, Amgen had revenues of $14.2 billion and net income of $2.9 billion. The company spent approximately $3.2 billion last year on research and development.

In August, the company announced it would cut its workforce by 12-14 percent, or approximately 2,200-2,600 staff, due to lower revenues from Aranesp medication.

History

AMGen (Applied Molecular Genetics Inc.) was established as a California corporation on April 8, 1980. The company changed its name to Amgen in 1983 and went public that year.

Benefits

Amgen offers generous benefits to employees including:

Health Coverage
Comprehensive, affordable health care coverage is one of the cornerstones of Amgen's benefits program. We offer medical, prescription drug, and vision coverage; dental benefits; and access to our Personal Effectiveness Program (PEP). This coverage helps our staff members to protect themselves and their family, stay healthy and balance the demands of work and life.
Insurance
Amgen provides staff members and their families with protection from the unexpected. We offer personal and family illness coverage, disability benefits and basic life insurance. Individuals can also opt to participate in voluntary options, such as voluntary life insurance and accidental death and dismemberment insurance.
Time Off
Amgen knows it can be challenging to balance commitments and priorities. For that reason, we offer U.S. staff generous vacation time and 16 paid holidays annually, as well as adoption and leave-of-absence benefits. This places Amgen in the top ten percent of all U.S. companies in all industries for paid time off. Amgen also supports the educational priorities of our staff through a generous education reimbursement plan.
Retirement Plans
Amgen encourages our staff members to save for the future. The company contributes an amount equal to five percent of every paycheck to each individual's Amgen Retirement and Savings Plan, whether or not the staff member is contributing to the Plan. In addition, Amgen matches 100 percent of staff contributions to the Plan up to five percent of pay. So, if you contribute at least five percent of your pay to the plan, the total company contribution is ten percent. Company contributions, as well as staff contributions, are immediately 100 percent vested.
Staff members can also take advantage of the Employee Stock Purchase Plan (ESPP) by contributing up to 15 percent of their salary on an after-tax basis, subject to legal limits, to purchase Amgen common stock at a discount. Additionally, eligible individuals can participate in the Supplemental Retirement Plan (SRP) and Deferred Compensation Plan (DCP).
Other
Amgen believes that having fun and enjoying life are as important as working hard. We sponsor and participate in numerous extracurricular teams and hold annual activities including barbeques, chili cook-offs, summer festivals and Halloween celebrations.

Updated August 17, 2007