Projo Biz Blog

Amgen's stock soars

12:04 PM Thu, Apr 10, 2008 |
By John Kostrzewa    Email this author |   Email this entry

Stock in Amgen (AMGN:NASDAQ) gained the most in the Standard & Poor's 500 Index this morning, rising 6 percent to $44.15 a share, up $2.56.

U.S. District Judge William Young ruled Roche Holding AG's anemia medicine Mircera violates patents owned by Amgen. Roche was banned from selling the drug for now.

Young is considering Amgen's request that the ban continue until its patents expire.

Amgen, based in California, manufactures Enrel, a rheumatoid arthritis drug, at a plant in West greenwich.

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