Recent Updates
Recently added Catalysts
AMGN Positive Sentiment

AMGEN FOUNDATION TOPS $75 MILLION IN HANDS-ON BIOTECHNOLOGY EDUCATION, REACHING 100,000 STUDENTS A YEAR

Key Takeaway: The Amgen Foundation announced a $13.4 million commitment to extend the Amgen Biotech Experience through the 2027-28 school year. This program provides biotechnology education to over 100,000 students annually, totaling more than 1.25 million students served since its launch. The initiative aims to enhance STEM education, particularly in Title I schools.

Market Sentiment Analysis

POSITIVE FACTORS

  • New $13.4 million commitment for biotechnology education.
  • Program reaches 100,000 students annually.
  • Total support exceeds $75 million since inception.
  • Hands-on experiences enhance student interest in STEM.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+36%
120-day peak, hindsight
Typical move
1.5%
average across 15 past catalysts
Lead asset
Maridebart cafraglutide
Phase 2 · Overweight or Obesity and Elevated Liver Fat

Full Press Release Details

New $13.4 Million Commitment Extends the Amgen Biotech Experience Through 2027–28 School Year
Program Reaches 100,000 Students Annually and Has Served More Than 1.25 Million Students Across 17 Countries
THOUSAND OAKS, Calif., October 22, 2026 /3BL/ - The Amgen Foundation today announced a new $13.4 million commitment to the Amgen Biotech Experience (ABE) , a global education program that provides schools with biotechnology curriculum, professional development, research-grade equipment and laboratory supplies at no cost. The commitment brings the Amgen Foundation’s total support for ABE to more than $75 million and extends the program through the 2027-28 school year. ABE is led globally by Education Development Center through the ABE Program Office, and locally by universities, community colleges, and other STEM-based nonprofits in each region.
Advanced biotechnology experiments can be difficult for schools to offer because of the cost of specialized equipment and consumable laboratory supplies, as well as the training teachers need to lead the work. That challenge is particularly relevant for ABE, as more than 60% of participating U.S. public schools are designated as Title I schools. Through the program, participating schools receive the equipment, supplies, teacher training and technical support needed to provide hands-on laboratory experiences in core molecular biology techniques, including DNA manipulation and sequencing DNA for clinical decision-making, which might otherwise be difficult to bring into the classroom.
The renewed investment comes as science and technology skills are becoming increasingly important across the global economy. The World Economic Forum estimates that nearly 40% of skills required on the job will change by 2030, with technological literacy, analytical thinking, and curiosity and lifelong learning among the skills expected to grow in importance. 1 In the United States alone, the STEM workforce grew from 29 million workers in 2014 to 37 million in 2024, according to the National Science Board. 2
Since its launch in 1990, the Amgen Biotech Experience has reached more than 1.25 million students, 5,790 teachers and 2,940 schools at 27 sites across 17 countries. The program now reaches more than 1,000 schools and 100,000 students each year.
“When students hold a micropipette or see the results of an experiment they conducted, biotechnology goes from something they read about to something they can do,” said Scott Heimlich, president of the Amgen Foundation and executive director of philanthropy at Amgen. “That moment can help a student imagine a future in science. The Amgen Biotech Experience is about creating more of those moments and giving educators the tools and support to make them possible.”
In a 2022 global survey, 85% of participating teachers reported that most or all of their students gained an understanding of biotechnology content through the Amgen Biotech Experience, while 62% reported that most or all developed an interest in STEM. 3
“The Amgen Biotech Experience is absolutely amazing. I’ve taught for 27 years, and in the past I could really only afford to do labs like this in AP-level classes. But with the financial support of the Amgen Foundation, I can now do it in all of my classes,” said Christina Freeman, a teacher at Central Crossing High School in Columbus, Ohio.
Freeman said the program also helps experienced teachers continue building their own knowledge as biotechnology evolves. “I’ve been doing this for a long time, and I want to keep learning. Some of this science didn’t even exist when I was getting my degrees or wasn’t available to me then. I want to learn it and pass that on to my students.”
ABE sites are working to make laboratory-based science more accessible for students with different learning needs, with programs in Ireland and the state of Ohio developing resources in local sign languages to support deaf and hard-of-hearing students. Through its collaboration with LabXchange, the program also reaches beyond the lab and its physical sites, giving educators and students free access to virtual biotechnology learning resources in 14 languages that complement experiential instruction.
With this newest $13.4 million commitment, ABE will continue through the 2027-28 school year, giving another generation of students, and teachers, the opportunity to put science into action. ABE aligns with local educational standards and requirements in all 17 countries where the program is currently offered.
About the Amgen Biotech Experience
Established in 1990, the Amgen Biotech Experience is a global education program funded by the Amgen Foundation with direction and technical assistance provided by Education Development Center (EDC). It brings hands-on biotechnology learning into secondary school classrooms around the world. Through professional development, curriculum materials and loaned research-grade equipment, and reagents provided at no cost, the program empowers teachers to deliver engaging laboratory experiences that help students build scientific knowledge, confidence and curiosity. To date, the Amgen Biotech Experience has reached more than 1.25 million students, 5,790 teachers and 2,940 schools globally. For more information, visit AmgenBiotechExperience.com .
About the Amgen Foundation
The Amgen Foundation is committed to unlocking the potential of future innovators through science education and strengthening communities where Amgen employees live and work. Through investments in hands-on learning, research opportunities and educational resources, the Foundation helps expand access to high-quality science education and inspires curiosity, confidence and discovery among students worldwide. To date, the Foundation has contributed more than $500 million to local, regional and international nonprofit organizations and educational initiatives. Its signature programs, including Amgen Scholars, Amgen Biotech Experience, and LabXchange, help bring the excitement of scientific discovery to students around the world. For more information, visit AmgenFoundation.org and follow the Amgen Foundation on LinkedIn . About Amgen
Amgen discovers, develops, manufactures and delivers innovative medicines to fight some of the world’s toughest diseases. Harnessing the best of biology and technology, Amgen reaches millions of patients with its medicines.
More than 45 years ago, Amgen helped establish the biotechnology industry at its U.S. headquarters in Thousand Oaks, California, and it remains at the cutting edge of innovation, using technology and human genetic data to push beyond what is known today. Amgen is advancing a broad and deep pipeline and portfolio of medicines to treat cancer, inflammatory conditions, rare diseases, heart disease and obesity and obesity-related conditions.
Amgen has been consistently recognized for innovation and workplace culture, including honors from Fast Company and Forbes. Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average ® , and it is also part of the Nasdaq-100 Index ® , which includes the largest and most innovative non-financial companies listed on the Nasdaq Stock Market based on market capitalization.
For more information, visit Amgen.com and follow Amgen on X , LinkedIn , Instagram , YouTube , Facebook , TikTok and Threads .
Amgen Forward-Looking Statements
This news release contains forward-looking statements that are based on the current expectations and beliefs of Amgen. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including any statements on the outcome, benefits and synergies of collaborations, or potential collaborations, with any other company (including BeOne Medicines Ltd.), the performance of Otezla® (apremilast), our acquisitions of ChemoCentryx, Inc., Dark Blue Therapeutics, Ltd. or Horizon Therapeutics plc (including the prospective performance and outlook of Horizon's business, performance and opportunities, and any potential strategic benefits, synergies or opportunities expected as a result of such acquisition), as well as 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, effects of pandemics or other widespread health problems on our business, outcomes, progress, 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 reports filed by Amgen, including our most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K. Unless otherwise noted, Amgen is providing this information as of the date of this news release and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.
No forward-looking statement can be guaranteed and actual results may differ materially from those we project. Discovery or identification of new product candidates or development of new indications for existing products cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate or development of a new indication for an existing product will be successful and become a commercial product. Further, preclinical results do not guarantee safe and effective performance of product candidates in humans. The complexity of the human body cannot be perfectly, or sometimes, even adequately modeled by computer or cell culture systems or animal models. The length of time that it takes for us to complete clinical trials and obtain regulatory approval for product marketing has in the past varied and we expect similar variability in the future. Even when clinical trials are successful, regulatory authorities may question the sufficiency for approval of the trial endpoints we have selected. We develop product candidates internally and through licensing collaborations, partnerships and joint ventures. Product candidates that are derived from relationships may be subject to disputes between the parties or may prove to be not as effective or as safe as we may have believed at the time of entering into such relationship. Also, we or others could identify safety, side effects or manufacturing problems with our products, including our devices, after they are on the market.
Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments involving current and future products, sales growth of recently launched products, competition from other products including biosimilars, difficulties or delays in manufacturing our products and global economic conditions, including those resulting from geopolitical relations and government actions. In addition, sales of our products are affected by pricing pressure, political and public scrutiny and 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. Furthermore, our research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. Our business may be impacted by government investigations, litigation and product liability claims. In addition, our business may be impacted by the adoption of new tax legislation or exposure to additional tax liabilities. 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, or we may fail to prevail in present and future intellectual property litigation. We perform a substantial amount of our commercial manufacturing activities at a few key facilities, including in Puerto Rico, and also depend on third parties for a portion of our manufacturing activities, and limits on supply may constrain sales of certain of our current products and product candidate development. An outbreak of disease or similar public health threat, and the public and governmental effort to mitigate against the spread of such disease, could have a significant adverse effect on the supply of materials for our manufacturing activities, the distribution of our products, the commercialization of our product candidates, and our clinical trial operations, and any such events may have a material adverse effect on our product development, product sales, business and results of operations. We rely on collaborations with third parties for the development of some of our product candidates and for the commercialization and sales of some of our commercial products. In addition, we compete with other companies with respect to many of our marketed products as well as for the discovery and development of new products. Further, some raw materials, medical devices and component parts for our products are supplied by sole third-party suppliers. Certain of our distributors, customers and payers have substantial purchasing leverage in their dealings with us. The discovery of significant problems with a product similar to one of our products that implicate an entire class of products could have a material adverse effect on sales of the affected products and on our business and results of operations. Our efforts to collaborate with or acquire other companies, products or technology, and to integrate the operations of companies or to support the products or technology we have acquired, may not be successful, and may result in unanticipated costs, delays or failures to realize the benefits of the transactions. A breakdown, cyberattack or information security breach of our information technology systems could compromise the confidentiality, integrity and availability of our systems and our data. Our stock price is volatile and may be affected by a number of events. Our business and operations may be negatively affected by the failure, or perceived failure, of achieving our sustainability objectives. The effects of global climate change and related natural disasters could negatively affect our business and operations. Global economic conditions may magnify certain risks that affect our business. 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. We may not be able to access the capital and credit markets on terms that are favorable to us, or at all.
Any scientific information discussed in this news release relating to new indications for our products is preliminary and investigative and is not part of the labeling approved by the U.S. Food and Drug Administration for the products. The products are not approved for the investigational use(s) discussed in this news release, and no conclusions can or should be drawn regarding the safety or effectiveness of the products for these uses.
1 World Economic Forum. The Future of Jobs Report 2025. 2025. https://www.weforum.org/publications/the-future-of-jobs-report-2025/digest/
2 National Science Board. The State of U.S. Science and Engineering 2026: STEM Talent—Education, Training, and Workforce. 2026. https://ncses.nsf.gov/pubs/nsbsep20261/stem-talent-education-training-and-workforce-2
3 Amgen Biotech Experience, Results from the Global Teacher Survey 2022 , Figure 5, p. 10. Survey administered to active ABE teachers across 19 sites in 12 countries; student-outcomes results based on 450 teacher responses.

Frequently Asked Questions

What is the Amgen Biotech Experience?

It is a global education program providing biotechnology curriculum and resources.

How much has the Amgen Foundation committed?

The foundation has committed over $75 million to the program.

How many students does the program reach annually?

The program reaches over 100,000 students each year.

What is the goal of the Amgen Biotech Experience?

The goal is to enhance STEM education through hands-on biotechnology experiences.

Last updated: Oct 22, 2026