{"id":29115,"date":"2012-05-08T10:51:27","date_gmt":"2012-05-08T14:51:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29115"},"modified":"2012-05-08T10:51:27","modified_gmt":"2012-05-08T14:51:27","slug":"amgen-purchases-kai-pharmaceuticals-amgn","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/05\/08\/amgen-purchases-kai-pharmaceuticals-amgn\/","title":{"rendered":"Amgen Purchases KAI Pharmaceuticals (AMGN)"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v4d7d88430af363a114adf528868e717b6f33aefe&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v4d7d88430af363a114adf528868e717b6f33aefe&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Amgen (NASDAQ:AMGN) announced plans to purchase KAI Pharmaceuticals.KAI&#8217;s main product, KAI-4169 is currently in its mid-stage development for treatment of patients with hyperparathyroidism with kidney failure.Amgen wil purchase Kai for $315 million in cash.Amgen (NASDAQ:AMGN) has potential upside of 6.6% based on a current price of $67.02 and an average consensus analyst price target of $71.47.Amgen is currently above its 200-day moving average (MA) of $60.03 and should find resistance at its 50-day MA of $67.85.In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.16%.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/08\/1_j8zd5sbz_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/08\/1_j8zd5sbz_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amgen (NASDAQ:AMGN) announced plans to purchase KAI Pharmaceuticals.KAI&#8217;s main product, KAI-4169 is currently in its mid-stage development for treatment of patients with hyperparathyroidism with kidney failure.Amgen wil purchase Kai for $315 million in cash.Amgen (NASDAQ:AMGN) has potential upside of 6.6% based on a current price of $67.02 and an average consensus analyst price target of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/05\/08\/amgen-purchases-kai-pharmaceuticals-amgn\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Amgen Purchases KAI Pharmaceuticals (AMGN)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29115","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29115"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29115\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}