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Mergers & Acquisitions

Apr. 13, 2004

Amgen Agrees to Acquire Rest of Tularik

For Amgen Inc., the world's largest biotechnology firm, owning just part of Tularik Inc. is no longer enough. A year after buying a 21-percent stake in Tularik, Amgen has agreed to buy the rest of the company to expand its clinical pipeline and research capabilities. Amgen, based in Thousand Oaks, announced last month that it will pay $1.3 billion in stock for the purchase.

By Toni Vranjes
        For Amgen Inc., the world's largest biotechnology firm, owning just part of Tularik Inc. is no longer enough.
        A year after buying a 21-percent stake in Tularik, Amgen has agreed to buy the rest of the company to expand its clinical pipeline and research capabilities. Amgen, based in Thousand Oaks, announced last mont...

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