Amgen on the Hunt for $10B Acquisition

U.S. biotech giant Amgen is looking to acquire a biotech company worth about $10 billion, according to Financial Times sources.

FT sources said Amgen is targeting biotech firms that have late-stage drugs which are almost commercial-ready.

Amgen's last major acquisition was in 2013, when it purchased Onyx Pharmaceuticals and its cancer drug Kyprolis for about $10 billion.

Sources did not reveal any potential acquisition targets.

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