(Reuters) - Amgen Inc (O:AMGN) on Thursday raised its full-year profit and revenue forecasts after completing its $13.4 billion (£10.3 billion)acquisition of Celgene (NASDAQ:CELG) Corp's psoriasis therapy Otezla.
Bristol-Myers Squibb Co (N:BMY), which completed its buyout of Celgene on Wednesday, had agreed to divest the drug for the merger to go through.
Amgen now expects 2019 adjusted earnings per share between $14.50 and $14.70, up from its prior range of $14.20 to $14.45.
Full-year revenue is now expected between $23.1 billion and $23.3 billion, compared with the previous range of $22.8 billion to $23.0 billion.