Amgen to Acquire Five Prime for ~$1.9B

Shots:

• Amgen to acquire all of the outstanding shares of Five Prime for $38.00 /share in cash, representing an equity value of ~ $1.9B. The transaction is expected to close in Q2’21
• The acquisition will add Five Prime’s innovative pipeline to Amgen thus expanding its oncology portfolio and supports its international expansion strategy
• Five Prime’s bemarituzumab complements Amgen’s oncology portfolio. Bemarituzumab, is a first-in-class, P-III ready anti-FGFR2b Ab that demonstrated improvement in PFS, ORR, OS in the frontline treatment of patients with advanced gastric or GEJ cancer in its P-II study

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