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AMAG

Amag Pharmaceuticals

$12.66 /

+0.16 (+1.28%)

07:18
01/09/20
01/09
07:18
01/09/20
07:18

AMAG CEO says decisions will allow AMAG to leverage 'commercial strengths'

"The strategic decisions announced today will allow AMAG to leverage its commercial strengths and proven development and regulatory capabilities while focusing on core value drivers: developing ciraparantag and AMAG-423; driving the continued growth of Feraheme, which funds our two pipeline assets; and continuing our work to retain patient access to Makena," said CEO Heiden. "It has been an honor and a privilege to lead the team at AMAG. We've achieved numerous successes and overcome many challenges. As we implement the strategic shift announced today, my fellow directors and I believe that this is the right time for the board to identify a new CEO for the next leg of AMAG's journey. We continue to believe in the significant long-term potential of Intrarosa and Vyleesi. However, the uncertainty around the long-term durability of Makena revenues makes it challenging to invest in both our promising pipeline and in the physician and consumer marketing required to support these two new products. Given the significant future commercial potential of ciraparantag and AMAG-423 to fulfill unmet medical needs of patients, AMAG made the difficult decision to divest Intrarosa and Vyleesi. The Company is seeking a transaction with a party that can make the investments necessary to maximize the value of these two important women's healthcare products."

  • 13

    Jan

AMAG Amag Pharmaceuticals
$12.66 /

+0.16 (+1.28%)

11/04/19 Barclays
Amag Pharmaceuticals price target lowered to $14 from $16 at Barclays
11/01/19 Piper Sandler
Amag comments on Makena don't 'square with reality,' says Piper Jaffray
10/30/19
Fly Intel: Top five analyst downgrades
10/30/19 Piper Sandler
Amag Pharmaceuticals downgraded to Underweight from Neutral at Piper Jaffray

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