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Amgen Inc.  (AMGN)
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Amgen Inc's

Competitiveness


 

AMGN Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Amgen Inc reported Total Revenue decrease in the 2 quarter 2022 year on year by 0 %, despite revenue increase by most of its competitors of 13.8 %, recorded in the same quarter.

List of AMGN Competitors

With net margin of 0 % company reported lower profitability than its competitors.

More on AMGN Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Amgen Inc. Net Income in the 2 quarter 2022 grew year on year by 183.84 %, faster than average growth of Amgen Inc's competitiors of 34.82 %

<<  More on AMGN Income Comparisons


Amgen Inc's Comment on Competitors and Industry Peers


Certain of our marketed products face — and our product candidates, if approved, are also expected to face — substantial competition. Our products’ competitive positions among other biological and pharmaceutical products may be based on, among other things, safety, efficacy, reliability, availability, patient convenience/delivery devices, price, reimbursement, timing of market entry and patent position and expirations.

Certain of the existing patents on our principal products have recently expired or will expire over the next few years, and we expect to face increasing competition thereafter, including from biosimilars. A biosimilar is another version of a biological product for which marketing approval is sought or has been obtained based on a demonstration that it is “biosimilar” to the original reference product. See Government Regulation. We may also compete against biosimilar or generic versions of our competitors’ products. In the EU, we are facing increasing competition from biosimilars. In the United States after patent expiration, we expect to face greater competition than today, including from manufacturers with biosimilars approved in Europe, which may seek to obtain U.S. approval.

Some of our products compete with each other. For example, Aranesp® and EPOGEN® compete in the United States, primarily in the dialysis setting. Neulasta® competes with NEUPOGEN®, as Neulasta® is administered as a single dose per chemotherapy cycle while NEUPOGEN® requires more frequent dosing. NEUPOGEN® sales have been adversely impacted by conversion to Neulasta®, which we believe is substantially complete.
The introduction of new products, the development of new processes or technologies by competitors or the emergence of new information about existing products may result in increased competition for our marketed products, even for those protected by patents, or in a reduction of the price that we receive from selling our products. In addition, the development of new treatment options or standards of care may reduce the use of our products or may limit the utility and application of ongoing clinical trials for our product candidates. The following table reflects our significant competitors and is not exhaustive.





*Market share is calculated based on total revenue.


AMGN's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Amgen Inc. AMGN 121,882.89 32,341.00 6,576.00 24,300
Abbvie Inc. ABBV 254,075 57,349.00 12,646.00 38,500
Abbott Laboratories ABT 177,747 45,548.00 8,554.00 107,000
Enact Holdings Inc. ACT 3,677 -560.22 1,669.95 19,200
Allergan plc AGN 64,063 16,096.20 -2,478.80 10,500
Bristol myers Squibb Company BMY 152,241 47,144.00 6,636.00 30,250
Johnson and Johnson JNJ 444,792 95,588.00 18,366.00 132,200
Eli Lilly And Company LLY 281,217 29,070.70 5,691.60 33,625
Merck and Co. Inc. MRK 220,813 55,716.00 16,592.00 71,000
Pfizer Inc PFE 251,785 101,132.00 29,331.00 88,300
Alexion Pharmaceuticals Inc ALXN 40,625 6,261.60 535.00 3,837
Biogen Inc. BIIB 28,915 10,633.60 1,574.70 9,100
Agile Therapeutics Inc AGRX 1 6.69 -64.12 28
Mylan N v MYL 8,208 16,861.30 266.40 25,000
Teva Pharmaceutical Industries Limited TEVA 8,769 15,433.00 -1,060.00 0
SUBTOTAL 2,058,811.75 528,620.87 104,835.73 592,840
       
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