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AHA Scientific Sessions 2014 Conference Call Scott Wasserman MD FACC Executive Medical Director, Global Development Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 1 Safe Harbor Statement This presentation contains forward-looking statements that are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements about estimates of revenues, operating margins, capital expenditures, cash, other financial metrics, expected legal, arbitration, political, regulatory or clinical results or practices, customer and prescriber patterns or practices, reimbursement activities and outcomes and other such estimates and results. Forward-looking statements involve significant risks and uncertainties, including those discussed below and more fully described in the Securities and Exchange Commission (SEC) reports filed by Amgen, including Amgen’s most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and Form 8-K. Please refer to Amgen’s most recent Forms 10-K, 10-Q and 8-K for additional information on the uncertainties and risk factors related to our business. Unless otherwise noted, Amgen is providing this information as of November 18, 2014 and expressly disclaims any duty to update information contained in this presentation. No forward-looking statement can be guaranteed and actual results may differ materially from those we project. The Company’s results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments (domestic or foreign) involving current and future products, sales growth of recently launched products, competition from other products (domestic or foreign) and difficulties or delays in manufacturing our products. In addition, sales of our products are affected by reimbursement policies imposed by third-party payers, including governments, private insurance plans and managed care providers and may be affected by regulatory, clinical and guideline developments and domestic and international trends toward managed care and healthcare cost containment as well as U.S. legislation affecting pharmaceutical pricing and reimbursement. Government and others’ regulations and reimbursement policies may affect the development, usage and pricing of our products. Furthermore, our research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. We or others could identify safety, side effects or manufacturing problems with our products after they are on the market. Our business may be impacted by government investigations, litigation and products liability claims. 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. Further, while we routinely obtain patents for our products and technology, the protection offered by our patents and patent applications may be challenged, invalidated or circumvented by our competitors. We depend on third parties for a significant portion of our manufacturing capacity for the supply of certain of our current and future products and limits on supply may constrain sales of certain of our current products and product candidate development. In addition, we compete with other companies with respect to some of our marketed products as well as for the discovery and development of new products. Discovery or identification of new product candidates cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate will be successful and become a commercial product. Further, some raw materials, medical devices and component parts for our products are supplied by sole third-party suppliers. Our efforts to integrate the operations of companies we have acquired may not be successful. Cost saving initiatives may result in us incurring impairment or other related charges on our assets. We may experience difficulties, delays or unexpected costs and not achieve anticipated benefits and savings from our recently announced restructuring plans. Our business performance could affect or limit the ability of our Board of Directors to declare a dividend or our ability to pay a dividend or repurchase our common stock. Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 2 Amgen Cardiovascular: Three Innovative Molecules to Address Unmet Need Class Indications Phase of Development Evolocumab Ivabradine Omecamtiv Mecarbil PCSK9 inhibitor If Channel inhibitor Cardiac myosin activator Dyslipidemia Chronic heart failure Heart failure Regulatory review in US and EU Priority review in US Phase 2b Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 3 Evolocumab Clinical Data at AHA 2014 • Evaluation of the Relationship Between Evolocumab 140 mg Every Two Weeks and 420 mg Monthly Dosing Regimens—Abstract 16270 • Safety and Tolerability of Very Low LDL-C Levels in Patients Treated with 52 Weeks of Evolocumab (AMG 145)—Abstract 16865 • Effects of Evolocumab Treatment on Serum Adrenal and Gonadal Hormone Levels: Results from the 52-week, Phase 3, Double-blind, Randomized, Placebo-controlled Study (DESCARTES)—Abstract 17005 • Trial Assessing Long-Term Use of PCSK9 Inhibition in Patients with Genetic LDL Disorders (TAUSSIG): Efficacy and Safety in Patients with Homozygous Familial Hypercholesterolemia Receiving Lipid Apheresis—Abstract 17016 • Long-Term Reduction in Lipoprotein (a) With the PCSK9 Monoclonal Antibody Evolocumab (AMG 145): A Pooled Analysis of 3278 Patients in Phase 2, 3, and Open Label Extension Studies—Abstract 15743 • The Diagnosis of Heterozygous Familial Hypercholesterolemia: Genotype versus Phenotype—Abstract 17368 • Impact of Baseline PCSK9 Levels on the Efficacy of Evolocumab, a Monoclonal Antibody Against PCSK9—Abstract 16196 Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 4 Our Evolocumab Global Clinical Program Evaluates LDL-C; Effect On Plaque Burden; CV Outcomes Combination therapy Monotherapy Statin intolerant HeFH HoFH Phase 2 (N = 406) Phase 2 (N = 157) Phase 2 (N = 167) Phase 2/3 (N = 58) Phase 2 (N = 629) Long-term safety and efficacy Open-label extension Phase 3 (N = 614) Phase 3 Phase 3 (N = 307) (N = 100) Phase 3 (N = 329) Phase 2 (N > 1,324) Phase 3 (N = 1,896) Phase 2/3 (N = 310) Phase 3 (N = 901) Phase 3 (N > 3,800) Vascular imaging Phase 3 (N = 950) Secondary prevention Phase 3 (N = 27,500) LDL-C = low-density lipoprotein cholesterol; CV = cardiovascular HeFH = heterozygous familial hypercholesterolemia; HoFH = homozygous familial hypercholesterolemia; = completed Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 5 Evaluation of the Relationship Between Evolocumab 140 mg Every Two Weeks and 420 mg Monthly Dosing Regimens Scott M. Wasserman,1 Michael J. Koren,2 Robert P. Giugliano,3 John P. Gibbs,1 Jason Legg,1 Maury G. Emery,1 Peter C. Haughney,1 Thomas Liu,1 Rob Scott,1 and Marc S. Sabatine3 1Amgen Inc., Thousand Oaks, CA; 2Jacksonville Center for Clinical Research, Jacksonville, FL; 3TIMI Study Group, Brigham and Women’s Hospital, Boston, MA Consistent Reduction of LDL-C by Evolocumab Dosed at 140 mg Q2W and 420 mg QM B 200 Calculated LDL-C (mg/dL) Calculated LDL-C (mg/dL) A 150 100 50 0 200 150 100 50 0 0 1 8 9 10 11 12 0 1 8 Placebo QM (n=26) Evolocumab 70 mg Q2W (n=22) Evolocumab 140 mg Q2W (n=26) 10 11 12 Study Week Study Week Placebo Q2W (n=28) 9 Study drug administration Evolocumab 280 mg QM (n=19) Evolocumab 420 mg QM (n=30) Study drug administration Evolocumab 140 mg Q2W and 420 mg QM reduced LDL-C from baseline by 64.5% and 63.5%, respectively Q2W = every 2 weeks; QM = monthly; Mean (± SD) calculated LDL-C from week 8 to week 12 after (A) every 2 week and (B) monthly dosing regimens (MENDEL and LAPLACE-TIMI 57 PKPD substudy population, n = 151) Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 7 Differences Between Evolocumab Doses In Mean Percent Change From Baseline at Weeks 10 and 12 • Efficacy was similar between 140 mg Q2W and 420 mg QM • Efficacy was variable between: – Evolocumab 70 mg Q2W and 140 mg Q2W – Evolocumab 280 mg Q2W and 420 mg QM Pooled MENDEL and LAPLACE-TIMI 57 population; Point estimate box sizes are relative to standard errors Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 8 Safety and Tolerability of Very Low LDL-C Levels in Patients Treated with 52 Weeks of Evolocumab (AMG 145) Michael J. Koren,1 Dirk Blom,2 Robert P. Giugliano,3 Erik Stroes,4 Ransi Somaratne,5 Andrew Lowy,5 Maria Laura Monsalvo,5 Hui-Chun Hsu,5 Scott M. Wasserman,5 Rob Scott,5 Marc S. Sabatine3 1Jacksonville Center for Clinical Research, Jacksonville, FL; 2Division of Lipidology, Department of Medicine, University of Cape Town, South Africa; 3TIMI Study Group, Division of Cardiovascular Medicine, Brigham and Women’s Hospital and Harvard Medical School, Boston, MA; 4Department of Vascular Medicine Academic Medical Center, Amsterdam, The Netherlands; 5Amgen Inc., Thousand Oaks, CA Comparable Safety and Tolerability In Patients Achieving Very Low LDL-C vs Those Achieving Higher LDL-C at 52 Weeks LDL-C ≥ 40 mg/dL LDL-C < 25 mg/dL LDL-C < 40 mg/dL Evolocumab (N = 644)a Evolocumab (N = 1,005)b Evolocumab (N = 462) Controlc (N = 725) Total (N = 1187) Any AE 78 78 83 75 78 SAE 6 6 8 7 7 14 14 15 12 13 10 8 6 5 9 7 6 6 8 5 10 5 7 5 6 4 7 5 7 5 0.3 0.6 0.6 0.1 0.3 3 (0.5) 6 (0.6) 5 (1) 12 (2) 17 (1) 4 4 4 4 4 1 0.9 1 1 1 0.8 7 3 1 2 1 0.9 0 0.3 0.2 % Most common AEs Nasopharyngitis Upper respiratory tract infection Back pain Influenza Arthralgia Neurocognitive AEs Mental impairment Positively adjudicated CV events, n (%) Myalgia Laboratory Parameters, % CK > 5x ULN ALT or AST > 3x ULNd Total bilirubin > 2x ULNd • No cases of hemorrhagic stroke occurred in patients reaching very low LDL-C levels or allocated to evolocumab • Neurocognitive AE rates did not differ according to treatment assignment or achieved LDL-C • Adjudicated cardiovascular events trended favorably in the evolocumab-treated cohort • Ongoing clinical outcomes studies will provide further and more definitive assessments of the benefits and risks of lowering LDL-C to very low levels AE = adverse event; SAE = serious adverse event; CK = creatine kinase; ULN = upper limit of normal; ALT = alanine aminotransferase; AST = aspartate aminotransferase; a3 additional patients received control— nasopharyngitis occurred in 1 patient in the control group and an adjudicated CV event occurred in 1 patient in the control group. b7 additional patients received control—nasopharyngitis occurred in 1 patient in the control group and an adjudicated CV event occurred in 1 patient in the control group. cOSLER-1: Standard of Care; DESCARTES: Placebo. dElevations not considered clinically significant by investigators. Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 10 Baseline Statin Use Did Not Affect AE Rates LDL-C < 25 mg/dL LDL-C < 40 mg/dL Evolocumaba Evolocumabb Evolocumab Controlc Total Intensive Any AE, (%) 74 75 86 70 75 Non-Intensive Any AE, (%) 80 80 82 79 80 None Any AE, (%) 80 79 81 75 79 a3 LDL-C ≥ 40 mg/dL additional patients received control—2 were on intensive statin therapy and 1 was on non-intensive statin therapy; b7 additional patients received control—4 were on intensive statin therapy, 2 were on non-intensive statin therapy, and 1 was on no statin; cOSLER-1: Standard of Care; DESCARTES: Placebo Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 11 Effects of Evolocumab Treatment on Serum Adrenal and Gonadal Hormone Levels: Results from a 52-Week, Phase 3, Double-Blind, Randomized, Placebo-Controlled Study (DESCARTES) Dirk Blom,1 C. Stephen Djedjos,2 Kate Tsirtsonis,3 Scott M. Wasserman,2 Rob Scott,2 Eli Roth4 1Division of Lipidology, Department of Medicine, University of Cape Town, South Africa; 2Amgen Inc., Thousand Oaks, CA, USA; 3Amgen, Uxbridge, UK; 4Sterling Research Group, Cincinnati, OH, USA Monthly Evolocumab Did Not Adversely Affect Steroid Hormone Metabolism • No correlation between change in LDL-C and change in cortisol from baseline • Cortisol at week 52 increased slightly from baseline in evolocumab treated patients with LDL-C < 25 mg/dL or 40 mg/dL at any visit • Cortisol:ACTH ratio showed no significant change from baseline to week 52 in any group • Gonadal steroids and gonadotropins showed no significant changes from baseline to week 52 Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 13 Trial Assessing Long-Term Use of PCSK9 Inhibition in Patients with Genetic LDL Disorders (TAUSSIG): Efficacy and Safety in Patients with Familial Hypercholesterolemia Receiving Lipid Apheresis Eric Bruckert1, Vladimir Blaha2, Evan A. Stein3, Frederick J. Raal4, Christopher Kurtz5, Narimon Honarpour5, Feng Xu6, John Gibbs5, Scott M. Wasserman5, Rob Scott5, Patrick Couture7 1Hôspital Pitié Salpêtrière, Assistance-Publique Hôpitaux de Paris, Paris, France; 2Charles University, Hradec Kralove, Czech Republic; 3Metabolic and Atherosclerosis Research Center, Cincinnati, OH, USA; 4Carbohydrate & Lipid Metabolism Research Unit, University of Witwatersrand, Johannesburg, South Africa; 5Amgen Inc., Thousand Oaks, CA, USA; 6Formerly of Amgen; 7Centre Hospitalier Universitaire de Québec, Quebec City, Canada Evolocumab Reduced LDL-C and Frequency of Apheresis In Patients With HoFH and Severe FH n Baseline LDL-C, mean (range), mg/dL UC LDL-C at time of change,* mean (range), mg/dL Change in UC LDL-C, mean (range), % Patients stopping apheresis 2 155 (181–129) 30 (16–43) -82 (-88 – -76) Patients changing frequency to monthly 3 174 (136–250) 90 (46–115) -39 (-82 – -15) Patients stopping apheresis 4 179 (146–212) 36 (21–47) -79 (-90 – -70) Patients changing frequency to monthly 1 214 62 -71 HoFH Severe FH • • In the HoFH group, 5 of 34 patients (15%) stopped or reduced the frequency of apheresis In the severe FH group, 5 of 16 patients (31%) stopped or reduced the frequency of apheresis – • At Week 12, 10 patients (63%) had stopped apheresis or achieved pre-apheresis LDL-C of < 70 mg/dL Serious adverse events occurred in 5 patients† UC = ultracentrifugation; *Change or cessation; pre-apheresis UC LDL-C on the day of the last scheduled apheresis session (if apheresis was stopped) or on the day of the last apheresis session at the frequency of every two weeks; †Included myocardial ischemia, AV fistula thrombosis, hematuria occurring after apheresis, and carotid artery stenosis in a patient with known cerebrovascular disease in HoFH; angina pectoris in severe FH; FH = familial hypercholesterolemia Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 15 Our Evolocumab Global Clinical Program Evaluates LDL-C; Effect On Plaque Burden; CV Outcomes Combination therapy Monotherapy Statin intolerant HeFH HoFH Phase 2 (N = 406) Phase 2 (N = 157) Phase 2 (N = 167) Phase 2/3 (N = 58) Phase 2 (N = 629) Long-term safety and efficacy Open-label extension Phase 3 (N = 614) Phase 3 Phase 3 (N = 307) (N = 100) Phase 3 (N = 329) Phase 2 (N > 1,324) Phase 3 (N = 1,896) Phase 2/3 (N = 310) Phase 3 (N = 901) Phase 3 (N > 3,800) Vascular imaging Phase 3 (N = 950) Secondary prevention Phase 3 (N = 27,500) LDL-C = low-density lipoprotein cholesterol; CV = cardiovascular HeFH = heterozygous familial hypercholesterolemia; HoFH = homozygous familial hypercholesterolemia; = completed Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 16 Plaque Burden and LDL-C: Testing Hypothesis That “Lower Is Better” 2 Median Change In PAV CAMELOT Placebo 1 REVERSAL Pravastatin STRADIVARIUS Placebo REVERSAL Atorvastatin 0 ILLUSTRATE ASTEROID Placebo Rosuvastatin SATURN –1 Atorvastatin SATURN Rosuvastatin –2 40 60 PAV = percent atheroma volume Puri R, et al. European Heart J 2013;13:1818-1825. 80 100 Average On-Treatment LDL-C (mg/dL) Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 17 120 Coronary Intravascular Ultrasound (IVUS) Study Schema Population Clinical indication for coronary angiography Fasting LDL-C ≥ 60 mg/dL RANDOMIZATION • • Primary Endpoint Placebo QM (N = 475) • Change in PAV from baseline Secondary Endpoints • Evolocumab QM (N = 475) • • IVUS Measurements Week 78 Screening Data expected 2016 TAV = total atheroma volume Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 18 Change in TAV from baseline Regression in PAV Regression in TAV Our Outcomes Study Is Also Exploring Levels of LDL-C Not Previously Achievable Population • • Clinically evident cardiovascular disease at high risk for a recurrent event Median baseline LDL-C expected to be in the range of 90–100 mg/dL Background Therapy Effective statin therapy +/- ezetimibe RANDOMIZATION • Evolocumab (N = 13,750) Evolocumab 140 mg Q2W or 420 mg QM Placebo (N = 13,750) Composite Primary Endpoint Time to: • CV death • Myocardial infarction • Stroke • Hospitalization for unstable angina • Coronary revascularization Increasing enrollment by 5,000 patients Outcomes data expected no later than 2017 (event driven) Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 19 Summary • Evolocumab has been developed with Q2W and QM dosing regimens that are clinically equivalent • Safety and efficacy in patients that achieved very low LDL-C were comparable to those that achieved higher LDL-C – Neurocognitive AE rates did not differ according to treatment assignment or achieved LDL-C – Adjudicated cardiovascular events trended favorably in the evolocumab-treated cohort • Evolocumab reduced LDL-C and frequency of apheresis in some patients with HoFH and severe FH • IVUS study underway to demonstrate reduction in plaque burden • Well powered study underway to demonstrate improvement in CV outcomes Testing the hypothesis for LDL-C that “Lower Is Better” Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 20 AHA Scientific Sessions 2014 Conference Call Q&A Provided November 18, 2014, as part of an oral presentation and is qualified by such, contains forward-looking statements, actual results may vary materially; Amgen disclaims any duty to update. 21