Amphastar Pharmaceuticals

Amphastar Pharmaceuticals, Inc.
Company typePublic
HeadquartersRancho Cucamonga, California, United States
Key people
  • Mary Z. Luo
  • (Chairman of the Board)
  • Jack Yongfeng Zhang
  • (CEO)
RevenueIncrease US$ 644.4 million (2023)
Increase US$ 196.9 million (2023)
Increase US$ 137.5 million (2023)
Total assetsIncrease US$ 741.9 million (2022)
Total equityIncrease US$ 528.6 million (2022)
Number of employees
1,615
WebsiteAmphastar.com
Footnotes / references
[1][2][3]

Amphastar Pharmaceuticals is a publicly traded American speciality pharmaceutical company.[4] It was incorporated in May 2004 and primarily develops, manufactures, and sells inhalation and intranasal products.[5]

One of its products is naloxone, an injectable generic drug that treats opioid overdose, and the company was criticized when it doubled the price of the drug from around $20 to $40 in 2015 during the opioid epidemic.[6] In February 2017, the FDA rejected the company's application to market a device that delivers naloxone intranasally.[6]

In March 2018, the company won a patent infringement lawsuit brought against it by Momenta Pharmaceuticals and Sandoz Inc in an ongoing antitrust case.[7]

In April 2023, Amphastar Pharmaceuticals bought Baqsimi from Eli Lilly in a deal worth over $1bn.[8][9]

See also

References

  1. ^ "U.S. SEC: Form 10-K, Amphstar Pharmaceuticals, Inc". U.S. Securities and Exchange Commission. Retrieved July 31, 2023.
  2. ^ "Amphastar Pharmaceuticals Inc". Bloomberg. Retrieved 2024-03-19.
  3. ^ "Amphastar Pharmaceuticals, Inc. (AMPH) Income Statement - Yahoo Finance". finance.yahoo.com. Retrieved 2024-03-19.
  4. ^ "Amphastar Pharmaceuticals, Inc. (AMPH)". NASDAQ.com. NASDAQ OMX Group. Retrieved 3 January 2016.
  5. ^ "Profile:Amphastar Pharmaceuticals Inc (AMPH.O)". Reuters.
  6. ^ a b Arsalan, Arif (February 21, 2017). "After steering through a controversy over soaring price of naloxone, FDA rejects Amphastar's intranasal version". Endpoints.
  7. ^ Raymond, Nate (June 19, 2019). "Momenta, Amphastar settle generic Lovenox drug patent case". Reuters. Retrieved March 14, 2024.
  8. ^ "Eli Lilly Divests Low Blood Sugar Drug Baqsimi To Amphastar For $500M Cash". Yahoo Finance. 24 April 2023. Retrieved 2023-04-26.
  9. ^ "Amphastar buys Baqsimi to build out specialty med offering". www.thepharmaletter.com. Retrieved 2023-04-26.
  • Official website
  • Business data for Amphstar Pharmaceuticals, Inc.:
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