The transaction is expected to close by the end of the second quarter and is subject to customary closing conditions, including the tender of at least a majority of the outstanding shares of Five Prime's common stock and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Free and open company data on California (US) company FIVE PRIME THERAPEUTICS, INC. (company number 2375010), 111 OYSTER POINT BLVD SOUTH SAN FRANCISCO CA 94080 "Five Prime fits squarely within Amgen's leading oncology portfolio and includes bemarituzumab, a Phase 3 trial-ready, first-in-class program for gastric cancer, the third leading cause of cancer mortality worldwide," said Robert A. Bradway, chairman and chief executive officer at Amgen. Amgen. Five Prime Therapeutics, Inc. discovers and develops innovative protein therapeutics to improve the lives of patients with serious diseases. Wainberg is professor of medicine at UCLA and co-director of the UCLA GI Oncology Program in Santa Monica, California. About Five Prime TherapeuticsFive Prime Therapeutics is a clinical stage biotechnology company relentlessly focused on rewriting cancer. Acer Therapeutics Inc. (ACER) closed the most recent trading day at $2.76, moving -0.36% from the previous trading session. Amgen. Acquisition Includes Bemarituzumab, A Phase 3 Ready, First-In-Class Program For Gastric Cancer, the Third Leading Cause of Cancer Mortality Worldwide, Bemarituzumab is a Strong Strategic Fit With Amgen's Innovative Oncology Portfolio, Amgen to Host Investor Call at 10:30 a.m. EST. At the moment there are many gauges stock market investors can use to value publicly traded companies. About Amgen OncologyAmgen Oncology is searching for and finding answers to incredibly complex questions that will advance care and improve lives for cancer patients and their families. Top Five Prime Therapeutics, Inc. Employees Helen Collins Chief Medical Officer San Francisco, California, United States View 4 fiveprime.com mac.com Home | Prime Therapeutics Making a difference and creating real change Prime Together Foundation Joining forces for a brighter future See how we're illuminating possibilities. Hill International Inc (NYSE:HIL) is the most popular stock in this table. Looking for a new job? Five Prime Therapeutics Inc has reached its limit for free report views. These statements are not guarantees of future performance and they involve certain risks, uncertainties and assumptions that are difficult to predict. At the time the tender offer is commenced, Amgen and its acquisition subsidiary, Franklin Acquisition Sub, Inc. ("Purchaser"), will file, or will cause to be filed, tender offer materials on Schedule TO with the U.S. Securities and Exchange Commission (the "SEC") and Five Prime will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC, in each case with respect to the tender offer. The length of time that it takes for us to complete clinical trials and obtain regulatory approval for product marketing has in the past varied and we expect similar variability in the future. THOUSAND OAKS, Calif., April 16, 2021 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today announced that it has successfully completed its previously announced tender offer to purchase all outstanding shares of common stock of Five Prime Therapeutics (NASDAQ:FPRX), a clinical-stage biotechnology company focused on developing immuno-oncology and targeted cancer therapies, for $38.00 per share in cash. To learn more about Amgen's innovative pipeline with diverse modalities and genetically validated targets, please visit AmgenOncology.com. Information regarding presentation times, webcast availability and webcast links are noted onAmgen's Investor Relations Events Calendar. Global economic conditions may magnify certain risks that affect our business. Data on file. Release Summary. View the FPRX premarket stock price ahead of the market session or assess the after hours quote. Additionally, bemarituzumab was associated with an increase in corneal adverse events and stomatitis, the majority of which were reversible. Live audio of the conference call will be broadcast over the internet simultaneously and will be available to members of the news media, investors and the general public. We rely on collaborations with third parties for the development of some of our product candidates and for the commercialization and sales of some of our commercial products. The tender offer materials and related materials also may be obtained for free (when available) under the "Investors Financials" section of Amgen's website at https://investors.amgen.com/financials/sec-filings, and the Solicitation/Recommendation Statement and such other documents also may be obtained for free (when available) from Five Prime under the "Investors & Media Financial Information" section of Five Prime's website at https://investor.fiveprime.com/index.php/sec-filings. Information regarding presentation times, webcast availability and webcast links are noted onAmgen's Investor Relations Events Calendar. Furthermore, our research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. 5P8 / Five Prime Therapeutics Inc - Piotroski F-Score - Historical Data and Charts. Currently, Beam Therapeutics Inc does not have a price-earnings ratio. Forward-looking statements include, among other things, statements about the potential benefits of the proposed transaction; the prospective performance and outlook of Five Prime's business, performance and opportunities; any potential strategic benefits, synergies or opportunities expected as a result of the proposed transaction; the ability of the parties to complete the proposed transaction and the expected timing of completion of the proposed transaction; potential marketing or regulatory approvals for bemarituzumab, or potential future revenues from such product; as well as any assumptions underlying any of the foregoing. Hedge funds were also right about betting on FPRX as the stock returned 189% so far in Q2 (through June 25th) and outperformed the market by an even larger margin. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND OTHER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT WILL CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY WHEN THEY BECOME AVAILABLE AND CONSIDERED BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. Two Sigma Advisors, AQR Capital Management, and Rock Springs Capital Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. Check out new products, client successes, community activity, and more. For more information, follow us on www.twitter.com/amgenoncology. Neither can there be any guarantee that such product will be successfully commercialized even if regulatory approvals are obtained. Five Prime's lead asset, bemarituzumab, is a first-in-class, Phase 3 ready anti-FGFR2b antibody with positive data from a randomized, placebo-controlled Phase 2 study in frontline advanced gastric or gastroesophageal junction(GEJ) cancer. Five Prime Therapeutics Inc is a biotechnology company focused on discovering and developing protein therapeutics for diseases. Data on file. The company's product candidates address patient populations for which therapies are still needed. Bemarituzumab targets FGFR2b, which has been found to be overexpressed in approximately 30% of patients with non-HER2 positive gastric cancer, as well as other solid tumors. Forward-looking statements involve significant risks and uncertainties, including those discussed below and more fully described in the Securities and Exchange Commission reports filed by Amgen, including our most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K. See how were illuminating possibilities. If we fail to meet the compliance obligations in the corporate integrity agreement between us and the U.S. government, we could become subject to significant sanctions. FivePrime is a clinical-stage biotechnology company that develops treatments for cancers. Bemarituzumab, added to a modified fluoropyrimidine, leucovorin, and oxaliplatin (FOLFOX6) chemotherapy regimen, led to clinically meaningful and statistically significant improvements in progression-free and overall survival (OS) in the frontline setting of gastric or GEJ cancer, according to results presented during the virtual 2021 Gastrointestinal Cancers Symposium.4. "We see tremendous complementarity between the two companies. Amgens investigation targeted treatment bemarituzumab granted breakthrough therapy designation. AMGEN AND BIOLABS LA AT THE LUNDQUIST INSTITUTE ANNOUNCE NAMMI AMGEN TO PRESENT AT THE 41ST ANNUAL J.P. MORGAN HEALTHCARE Five Prime's lead asset, bemarituzumab, is a first-in-class, Phase 3 ready anti-FGFR2b antibody with positive data from a randomized, placebo-controlled Phase 2 study in frontline advanced gastric or gastroesophageal junction(GEJ) cancer. Drugs approved for stomach (gastric) cancer. Live audio of the conference call will be broadcast over the internet simultaneously and will be available to members of the news media, investors and the general public. ENTR-601-45 Expands Entrada's Commitment to the Duchenne Community by Advancing a Potential Treatment for People Living with Duchenne Who are Exon 45 Skipping Amenable Figure 1 ENTR-601-45 showed robust exon skipping and dystrophin production in vitro in patient-derived skeletal and cardiac muscle cells Figure 2 A single IV dose of ENTR-601-45 showed high levels of exon skipping in hDMD . At the time the tender offer is commenced, Amgen and its acquisition subsidiary, Franklin Acquisition Sub, Inc. ("Purchaser"), will file, or will cause to be filed, tender offer materials on Schedule TO with the U.S. Securities and Exchange Commission (the "SEC") and Five Prime will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC, in each case with respect to the tender offer. FIVE PRIME THERAPEUTICS, INC. : FPRX Stock Price | US33830X1046 | MarketScreener Homepage Equities United States Nasdaq Five Prime Therapeutics, Inc. Summary FPRX US33830X1046 FIVE PRIME THERAPEUTICS, INC. (FPRX) Add to my list Summary Quotes Charts News Ratings Company Funds The condition to the tender offer that at least one share more than 50% of Five Prime's issued and outstanding shares be validly tendered and not properly withdrawn prior to the expiration of the tender offer has been satisfied. Discovery or identification of new product candidates or development of new indications for existing products cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate or development of a new indication for an existing product will be successful and become a commercial product. No forward-looking statement can be guaranteed and actual results may differ materially from those we project. The Company offers innovative proteins, antibody therapeutics, and drugs for oncology and immunology diseases. AAPL, FB, TWTR), Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Descriptive keyword for an Organization (e.g. Find More Contacts for Five Prime Therapeutics, Edit Lists Featuring This Company Section, Amgen Completes Five Prime Therapeutics Deal, Amgen completes $1.9B acquisition of Five Prime Therapeutics, Closed West Coast Biotechnology Companies, Harvard Medical School Alumni Founded Companies. Building on our heritage, Amgen continues to advance the largest pipeline in our history, moving with great speed to advance those innovations for the patients who need them. Amgen has global reach, world-class resources, and they share our deep passion for science and commitment to patients. About FGFR2bThe fibroblast growth factor (FGF)/fibroblast growth factor receptor (FGFR) pathway is implicated in the development and growth of cancer cells. The trial enrolled 155 patients in 15 countries acrossAsia, theEuropean Union, andthe United States,with 77 patients randomized to the bemarituzumab arm and 78 patients to the placebo arm. Five Prime Therapeutics granted an exclusive license to Zai Lab Limited to develop and commercialize bemarituzumab in Greater China, and Zai Lab collaborated with Five Prime Therapeutics on the Phase 2 FIGHT trial in Greater China. View contacts for Five Prime Therapeutics to access new leads and connect with decision-makers. Amgen plans to leverage its presence in Japan and other Asia-Pacific markets to maximize bemarituzumabs potential evaluating the potential for bemarituzumab in other cancers that overexpress FGFR2b. 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