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Amgen announces $5 billion stock repurchase plan
By Jennifer Chiou
New York, Dec. 7 - Amgen Inc. said its board of directors authorized additional repurchases of up to $5 billion of stock.
The company has $2 billion remaining under its previous stock repurchase program.
Thousand Oaks, Calif.-based Amgen is a biotechnology company that develops therapeutics for cancer, kidney disease, rheumatoid arthritis and other serious illnesses.
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