Amylin Pharmaceuticals

Source: Wikipedia, the free encyclopedia.
Amylin Pharmaceuticals, Inc.
Decrease US$−543 million (2011)[2]
Total assetsIncrease US$1.87 billion (2011)[2]
Total equityDecrease US$−139 million (2011)[2]
Number of employees
1,300 (2011)[2]
SubsidiariesAmylin Ohio LLC

Amylin Pharmaceuticals, Inc. is a

extended release
).

History

1987–1992: Founding and IPO

In 1987, Amylin Pharmaceuticals was co-founded by Howard E. Greene Jr., former CEO of

IPO in 1992.[citation needed
]

1992–1998: Invention of Pramlintide and partnership with Johnson & Johnson

Amylin, in its natural form, is sticky, clumping on needles and forming little rocks[clarification needed] in the pancreas. To create a synthetic version that was more reliable and easy to work with, researchers at Amylin Pharmaceuticals altered amino acids in the molecule. The result was a new drug named pramlintide.[5]

In 1995, Amylin Pharmactietucals signed an agreement with

glycemic control.[7]

Initial Phase III trial results released in August 1997 demonstrated statistically significant results for

adult-onset type 2 diabetes, pramlintide showed significant benefits at six months but not after 12 months.[8] In March 1998, seven months before the next trial data were due, Johnson & Johnson terminated its partnership with Amylin.[citation needed
]

1998–2005: New Leadership, struggle to launch Pramlintide, and development of Byetta

Joseph C. Cook Jr., a 28-year veteran at Eli Lilly & Co. and an Amylin board member since 1994, came out of retirement in 1998, taking the title of chief executive officer. Cook reduced the company's workforce by 75 percent to conserve cash and raised capital from investors to keep Symlin moving through the regulatory pipeline.[4]

Symlin (pramlintide)

In October 2001, Amylin received an

glycemic control.[11]

Byetta (Exenatide)

In October 1996, Dr. John Eng licensed to Amylin exendin-4, a peptide he had isolated in the venom of a

GLP-1, which is responsible for regulating insulin and glucagon release.[13] Unlike human GLP-1, however, exendin-4 has a half-life of several hours, making it a much better drug candidate.[12] Amylin developed exenatide, a synthetic version of exendin-4. In 2002, Eli Lilly signed an agreement with Amylin for $325 million to partner in development of exenatide.[14] In May 2005, Byetta (commercial name for exenatide) was approved in the United States.[15]

2005–2009: Development of Bydureon and proxy battle

2011–2012: End of collaboration with Eli Lilly and acquisition

In July 2012,

wholly owned subsidiary within the existing BMS/AZ joint venture in diabetes.[17] In April 2013, Bristol-Myers Squibb announced it would close Amylin's San Diego operations by the end of 2014 and merge the Amylin manufacturing facility in West Chester, Ohio, and all field-based sales personnel into Bristol-Myers Squibb operations.[18][19]

In December 2013, AstraZeneca purchased the Bristol-Myers Squibb share of the diabetes joint venture, and as a result, became the sole owner of all former Amylin products and business, including the manufacturing facility in West Chester, Ohio.[20][21]

On February 4, 2014, the U.S. FDA approved Myalept (metreleptin), an analog of human leptin,[22] as replacement therapy to treat the complications of leptin deficiency, in addition to diet, in patients with congenital generalized or acquired generalized lipodystrophy.[23] Metraleptin was originally developed at Amylin Pharmaceuticals.[24] In November 2014, Aegerion Pharmaceuticals made a $325 million cash payment to AstraZeneca to acquire and commercialize metreleptin.[25]

References

  1. ^ "Company Profile for Amylin Pharmaceuticals Inc (AMLN)". Retrieved 2008-10-21.
  2. ^ a b c d e "Form 10-K". www.sec.gov. Retrieved 2017-05-26.
  3. ^ "Howard E. Greene Jr. - Executive Bio, Compensation History, and Contacts - Equilar Atlas". people.equilar.com. Archived from the original on 2016-08-13. Retrieved 2017-05-26.
  4. ^ a b "History of Amylin Pharmaceuticals, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 2017-05-26.
  5. ISSN 0362-4331
    . Retrieved 2017-05-26.
  6. ISSN 0362-4331
    . Retrieved 2017-05-26.
  7. ^ Moukheiber, Zina (2000-07-24). "Roller Coasting". Forbes. Retrieved 2017-05-26.
  8. ^ "The Motley Fool, 3/20/98: The Daily Trouble". www.fool.com. Archived from the original on 2006-03-08. Retrieved 2017-05-26.
  9. ^ Letter, The Pharma. "Amylin to take Symlin back to clinic - Pharmaceutical industry news". www.thepharmaletter.com. Retrieved 2017-05-26.
  10. ^ Letter, The Pharma. "Amylin's Symlin US approval on hold - Pharmaceutical industry news". www.thepharmaletter.com. Retrieved 2017-05-26.
  11. ^ "FDA Approves Symlin for Type 1 and Type 2 Diabetes". 2005-03-18. Retrieved 2017-05-26.
  12. ^ a b "Dr. John Eng's Research Found That The Saliva Of The Gila Monster Contains A Hormone That Treats Diabetes Better Than Any Other Medicine". Diabetes In Control. A free weekly diabetes newsletter for Medical Professionals. 2007-09-18. Retrieved 2017-05-26.
  13. PMID 21525469
    .
  14. ISSN 0458-3035
    . Retrieved 2017-05-26.
  15. ^ "Diabetes Drug Byetta Gets FDA Approval". Retrieved 2017-05-26.
  16. ^ Shannon Pettypiece (3 July 2012). "Bristol's Amylin Deal Heralds Acquisition Hunger". Bloomberg.com. Retrieved 21 February 2015.
  17. ^ Pollack, Michael J. de la Merced and Andrew (30 June 2012). "Bristol-Myers in Deal for Amylin Valued at $7 Billion". DealBook. Retrieved 2017-05-25.
  18. ^ Fikes, Bradley J. "Amylin's San Diego operations closing". sandiegouniontribune.com. Retrieved 2017-05-25.
  19. ^ "Amylin Pharmaceuticals to Be Closed | San Diego Business Journal". www.sdbj.com. 3 April 2013. Retrieved 2017-05-25.
  20. ^ Allison Connolly (19 December 2013). "AstraZeneca to Acquire Bristol Stake in Diabetes Venture". Bloomberg.com. Retrieved 21 February 2015.
  21. ^ "Business as usual at Amylin plant during sale". daytondailynews. Retrieved 2017-05-25.
  22. ^ Lipodystrophy Orphan Drug Program. Amylin Pharmaceuticals.
  23. ^ U.S. Food and Drug Administration (25 February 2014). "FDA approves Myalept to treat rare metabolic disease". News & Events: Press Announcements. Retrieved 22 June 2015.
  24. ^ "Amylin and Takeda Suspend Obesity Study to Consider Metreleptin Data | Xconomy". Xconomy. 2011-03-16. Retrieved 2017-05-25.
  25. ^ "Struggling Aegerion Diversifies With Fat Disease Drug | Xconomy". Xconomy. 2014-11-06. Retrieved 2017-05-25.

External links

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