UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): January 11, 2015

 

AMAG PHARMACEUTICALS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other jurisdiction of incorporation)

 

001-10865

 

04-2742593

(Commission File Number)

 

(IRS Employer Identification No.)

 

1100 Winter St.

 

 

Waltham, Massachusetts

 

02451

(Address of principal executive offices)

 

(Zip Code)

 

(617) 498-3300

(Registrant’s telephone number, including area code)

 

 

 

(Former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 2.02. Results of Operations and Financial Condition.

 

The following information and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

 

On January 11, 2015, AMAG Pharmaceuticals, Inc., or the Company, issued a press release providing a business update, including preliminary unaudited fourth quarter and annual 2014 financial results and its financial outlook for 2015.  A copy of the Company’s press release is furnished herewith as Exhibit 99.1.

 

Item 7.01. Regulation FD

 

The following information and Exhibit 99.2 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

 

The Company will present further details on the matters noted above as well as the Company’s regulatory status and its strategy and growth prospects at the 33rd Annual J.P. Morgan Healthcare Conference in San Francisco on January 14, 2015, which will be accessible by a live audio webcast through the Company’s website at www.amagpharma.com on January 14, 2015 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time). A copy of the Company’s presentation slides is furnished herewith as Exhibit 99.2.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

The Company hereby furnishes the following exhibits:

 

Exhibit
Number

 

Description

99.1

 

Press release dated January 11, 2015.

99.2

 

Copy of Company’s presentation slides dated January 2015.

 

Forward-looking Statements

 

This report the materials furnished herewith contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Any statements contained herein which do not describe historical facts, including but not limited to statements regarding the Company’s plans for the J.P. Morgan Healthcare Conference are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements.

 

Such risks and uncertainties include, among others: (1) demand for Feraheme and the Company’s ability to successfully compete in the intravenous iron replacement market as a result of the FDA’s recommended label changes, including a boxed warning which would provide, among other things, (i) that Feraheme be administered only when personnel and therapies are immediately available for the treatment of anaphylaxis and other hypersensitivity reactions, (ii) observation for signs or symptoms of hypersensitivity reactions during and for at least 30 minutes following infusion and (iii) that hypersensitivity reactions have occurred in patients in whom a previous Feraheme dose was tolerated; (2) the outcome and timing of the process in accordance with Section 505(o) of the Federal Food, Drug and Cosmetic Act whereby the FDA is authorized to require the Company to make safety-related label changes, including prescribed periods for submitting proposed changes to the label recommended by the FDA; (3) the impact on sales if the Company disseminates future Dear Healthcare Provider letters; (4) the ability of the Company to invest in the development and commercialization of Feraheme/Rienso outside the U.S., and the level of commercial success of any of such efforts, given the December 2014 arrangement to terminate the

 

2



 

Company’s and Takeda Pharmaceutical Company Limited’s license arrangement; (5) uncertainties regarding the likelihood and timing of potential approval of Feraheme/Rienso in the U.S., the EU and Canada in the broader iron deficiency anemia (“IDA”) indication; (6) the possibility that following review of new safety information, the FDA or regulators in Europe and Canada will request additional technical or scientific information, new studies or reanalysis of existing data, on-label warnings, post-marketing requirements/commitments or risk evaluation and mitigation strategies (“REMS”) in the current chronic kidney disease (“CKD”) indication for Feraheme/Rienso, or cause Feraheme/Rienso to be withdrawn from the market, and the additional costs and expenses that will or may be incurred in connection with such activities; (7) the possibility that significant safety or drug interaction problems could arise with respect to Feraheme/Rienso or Makena® (hydroxyprogesterone caproate injection) and in turn affect sales or the Company’s ability to market such product; (8) the Company’s patents and proprietary rights; (9) maintaining the benefits associated with Makena’s orphan drug exclusivity status; (10) the risk of an Abbreviated New Drug Application (“ANDA”) filing, especially (i) as to Feraheme following the FDA’s draft bioequivalence recommendation for ferumoxytol published in December 2012 and (ii) as to Makena given the history of the approved drug Delalutin (the original version of 17-alpha-hydroxyprogesterone caproate) for conditions other than reducing the risk of preterm birth; (11) the Company’s ability to execute on, or to realize the expected results from, its long-term strategic plan; (12) the possibility that the Company will not realize expected synergies and other benefits from its acquisition of Lumara Health Inc. (“Lumara Health”), as well as the Company’s ability to pursue additional business development opportunities, especially in light of the Company’s being highly leveraged; (13) the impact on sales of Makena from competitive, commercial payor, government (including federal and state Medicaid reimbursement policies), physician, patient or public responses with respect to product pricing, product access and sales and marketing initiatives, as well as patient compliance and the number of preterm birth risk pregnancies for which Makena may be prescribed; (14) the likelihood that labeling changes may be used to support product liability claims that the prior product labeling did not adequately disclose the risk of adverse events; (15) compliance with restrictive and affirmative covenants with respect to substantial indebtedness incurred to finance the acquisition of Lumara Health, including a requirement that the Company reduce its leverage over time; (16) the possibility that the Company will need to raise additional capital from the sale of its common stock, which will cause significant dilution to its stockholders, in order to satisfy its contractual obligations, including its debt service, milestone payments that may become payable to Lumara Health’s stockholders, or in order to pursue business development activities; (17) the availability and timing of tax net operating loss carryforwards; (18) the manufacture of the Company’s products, including any significant interruption in the supply of raw materials or finished product and (19) other risks identified in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 and subsequent filings with the SEC. Any of the above risks and uncertainties could materially and adversely affect the Company’s results of operations, its profitability and its cash flows, which would, in turn, have a significant and adverse impact on the Company’s stock price. Use of the term “including” in the two paragraphs above shall mean in each case “including, but not limited to.” The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.

 

AMAG Pharmaceuticals® and Feraheme® are registered trademarks of AMAG Pharmaceuticals, Inc. MuGard® is a registered trademark of PlasmaTech Biopharmaceuticals, Inc. (formerly known as Access Pharmaceuticals, Inc.). Rienso™ is a trademark of Takeda Pharmaceutical Company Limited. Lumara Health™ is a trademark of Lumara Health Inc. Makena® is a registered trademark of Lumara Health Inc.

 

The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

 

3



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

AMAG PHARMACEUTICALS, INC.

 

By:

/s/ Scott B. Townsend

 

General Counsel and Senior Vice President of Legal Affairs

 

 

 

Date: January 12, 2015

 

4



 

EXHIBIT INDEX

 

Exhibit
Number

 

Description

99.1

 

Press release dated January 11, 2015.

99.2

 

Copy of Company’s presentation slides dated January 2015.

 

5




Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

AMAG Pharmaceuticals Provides Business Update and 2015 Financial Guidance

 

Integration of Lumara Health acquisition substantially complete

Estimated pro forma fourth quarter 2014 product sales of $74 million

2015 sales guidance of $355 million represents +300% increase over 2014 sales

 

WALTHAM, MA (January 11, 2015) — AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG) today provided a business update, including preliminary unaudited 2014 fourth quarter and annual financial results and its financial outlook for 2015. The company will present further details at the 33rd Annual J.P. Morgan Healthcare Conference in San Francisco on Wednesday, January 14, 2015, at 8:00 a.m. Pacific time.

 

“The preliminary 2014 financial results and 2015 guidance that we are issuing today both reinforce the key themes of continuing operational excellence on our current business and the transformative nature of our acquisition of Lumara Health in November 2014,” said William Heiden, president and chief executive officer of AMAG. “In 2014, the AMAG team drove nearly 20% sales growth for Feraheme® in the U.S., now in its sixth year since launch. We have rapidly integrated the Lumara Health business, and the positive financial impact of our new maternal health division is already apparent in our fourth quarter results, and is even more evident in the 2015 financial guidance issued today.”

 

Preliminary 2014 Financial Results (unaudited)

 

AMAG’s preliminary unaudited financial results for the fourth quarter and full year 2014 include the results of Lumara Health, effective from the closing date of the acquisition (November 12, 2014) through the end of 2014.

 

·                  Fourth Quarter 2014

 

·                  AMAG expects total revenues of between $52.8 million and $54.5 million.  This includes approximately $6.0 million of revenue recognized from AMAG’s collaboration agreement with Takeda Pharmaceutical Company Limited (Takeda) for commercialization of Feraheme (ferumoxytol) Injection/RiensoTM outside of the U.S., which was mutually terminated in December 2014.

·                  Net product sales totaled between $47.2 million and $48.2 million, including between $23.8 million and $24.3 million of sales from Feraheme in the U.S. (which includes approximately $1.8 million in revenue associated with a favorable change in estimated Feraheme product returns reserves) and between $23.1 million and $23.6 million of sales from Makena®(hydroxyprogesterone caproate injection).

 

January 11, 2015

AMAG Pharmaceuticals, Inc.

 

1



 

·                  Total operating expenses are expected to be between $41.5 million and $42.8 million.  Excluding non-cash and one-time charges(1), adjusted operating expenses are expected to be between $28.2 million and $29.5 million, which includes Lumara Health expenses from the closing date.

·                  AMAG expects pro forma net product sales of between $72.7 million and $74.7 million for the fourth quarter of 2014. The pro forma amounts represent total net product sales as if the acquisition of Lumara Health (and Makena) had occurred as of the beginning of the fourth quarter.

 

·                 Full Year 2014

 

·                  AMAG expects 2014 total revenues of between $123.8 million and $125.5 million. This includes approximately $14.0 million of revenue recognized from AMAG’s collaboration agreement with Takeda.

·                  Net product sales totaled between $110.1 million and $111.1 million. U.S. Feraheme net sales are expected to be between $85.8 million and $86.3 million and Makena sales are expected to be between $23.1 million and $23.6 million. The 19% growth in 2014 Feraheme sales over 2013 was driven by significant increases in volume, as well as increasing net revenue per gram.

·                  Total operating expenses for 2014 are expected to be between $104.6 million and $105.9 million.  Excluding non-cash and one-time charges(2), adjusted operating expenses are expected to be between $84.2 million and $85.5 million, which includes Lumara Health expenses from the closing date.

·                  AMAG expects 2014 pro forma net product sales of between $252.0 million and $255.5 million, including U.S. Feraheme net product sales and pro forma Makena sales of $165.0 million to $168.0 million. The pro forma amounts represent total net product sales as if the acquisition of Lumara Health (and Makena) had occurred as of the beginning of 2014.

·                  The company ended 2014 with approximately $143.6 million in cash and investments, $540 million in debt and 25.6 million basic shares outstanding.

 

Additional Business Updates

 

·                  As part of a multi-pronged line extension/lifecycle management program for Makena, the company announced today that a preservative-free, single-dose (1 mL) vial for Makena has been filed and is under review at the U.S. Food and Drug Administration (FDA) with a decision expected in the second quarter of 2015. Makena is currently only available in a 5-dose (5 mL) vial.

·                  In June 2014, AMAG proposed to the FDA certain changes to the current Feraheme label for the treatment of iron deficiency anemia (IDA) in adult chronic kidney disease (CKD) patients to mitigate the risk of hypersensitivity. In January 2015, the FDA responded with recommended label changes that go beyond what the company proposed in June 2014. The company plans to submit a response to the FDA’s recommendations and will work with the FDA to finalize an updated label.

 


(1)  Non-cash and one-time charges include $10.9 million of transaction-related expenses and severance related to the Lumara Health acquisition in November 2014 and stock compensation of $2.4 million.

(2)  Non-cash and one-time charges include $11.9 million of transaction-related expenses and severance related to the Lumara Health acquisition in November 2014 and stock compensation of $8.5 million.

 

2



 

·                  AMAG is awaiting feedback from the FDA regarding the study design that AMAG submitted to the FDA in 2014 to generate additional safety data to support expansion of the U.S. Feraheme label beyond the current CKD indication to include all adult patients with IDA who have failed or cannot tolerate oral iron treatment.

·                  As announced in December 2014, AMAG will regain all worldwide development and commercialization rights for Feraheme/Rienso following the transfer of marketing authorizations. Previously, Takeda had been commercializing the product outside of the U.S. under a March 2010 license arrangement with AMAG.

 

2015 Financial Outlook

 

The company expects to achieve the following in 2015:

 

·                  Total revenue of between $380 million and $420 million, including:

·                  Total product sales of between $335 million and $375 million, including:

·                  Makena net sales of between $245 million and $270 million;

·                  Feraheme and MuGard net sales of between $90 million and $105 million; and

·                  Collaboration revenue of approximately $45 million related to the Takeda agreement, which was mutually terminated in December 2014, most of which is non-cash.

·                  Non-GAAP adjusted EBITDA(3) of between $180 million and $200 million; and

·                  Non-GAAP cash earnings(3) of between $150 million and $170 million.

 

Heiden concluded by stating, “2014 was a transformative year for AMAG. We are now on track to becoming a highly profitable specialty pharmaceutical company with strong growth potential across a diversified portfolio in attractive market segments. I want to thank my colleagues for their unwavering commitment to excellence and to pursuing opportunities that make real differences in the lives of thousands of patients and their families. As we begin 2015, we are excited by our prospects for future growth and shareholder value creation through continued revenue growth from our current products and future portfolio expansion.”

 

Webcast Information

 

A live audio webcast of the company’s presentation and the following breakout session, along with the accompanying slide presentation at the 33rd Annual J.P. Morgan Healthcare Conference, will be accessible through the Investors section of the company’s website at www.amagpharma.com on January 14, 2015 at 8:00 a.m. P.T. (11:00 a.m. E.T.).  Following the conference, the webcast will be archived on the company’s website until February 14, 2015.

 

About AMAG

 

AMAG Pharmaceuticals, Inc. is a specialty pharmaceutical company with a focus on maternal health, anemia and cancer supportive care. The primary goal of AMAG and its maternal health division, Lumara HealthTM, is to bring to market therapies that provide clear benefits and improve patients’ lives. In addition

 


(3)  See summary of non-GAAP adjustments at conclusion of press release

 

3



 

to continuing to pursue opportunities to make new advancements in patients’ health and to enhance treatment accessibility, AMAG intends to continue to expand and diversify its portfolio through the in-license or purchase of additional pharmaceutical products or companies. For additional company information, please visit www.amagpharma.com.

 

About Makena® (hydroxyprogesterone caproate injection)

 

Makena® is a progestin indicated to reduce the risk of preterm birth in women with a singleton pregnancy who have a history of singleton spontaneous preterm birth.

 

The effectiveness of Makena is based on improvement in the proportion of women who delivered <37 weeks of gestation. There are no controlled trials demonstrating a direct clinical benefit, such as improvement in neonatal mortality and morbidity.

 

Limitation of use: While there are many risk factors for preterm birth, safety and efficacy of Makena has been demonstrated only in women with a prior spontaneous singleton preterm birth. It is not intended for use in women with multiple gestations or other risk factors for preterm birth.

 

Makena should not be used in women with any of the following conditions: blood clots or other blood clotting problems, breast cancer or other hormone-sensitive cancers, or history of these conditions; unusual vaginal bleeding not related to the current pregnancy, yellowing of the skin due to liver problems during pregnancy, liver problems, including liver tumors, or uncontrolled high blood pressure.

 

Before patients receive Makena, they should tell their healthcare provider if they have an allergy to hydroxyprogesterone caproate, castor oil, or any of the other ingredients in Makena; diabetes or prediabetes, epilepsy, migraine headaches, asthma, heart problems, kidney problems, depression, or high blood pressure.

 

In one clinical study, certain complications or events associated with pregnancy occurred more often in women who received Makena. These included miscarriage (pregnancy loss before 20 weeks of pregnancy), stillbirth (fetal death occurring during or after the 20th week of pregnancy), hospital admission for preterm labor, preeclampsia (high blood pressure and too much protein in the urine), gestational hypertension (high blood pressure caused by pregnancy), gestational diabetes, and oligohydramnios (low amniotic fluid levels).

 

Makena may cause serious side effects including blood clots, allergic reactions, depression, and yellowing of the skin and the whites of the eyes. The most common side effects of Makena include injection site reactions (pain, swelling, itching, bruising, or a hard bump), hives, itching, nausea, and diarrhea.

 

For additional U.S. product information, including full prescribing information, please visit www.makena.com.

 

About Feraheme® (ferumoxytol) Injection /Rienso

 

Feraheme received marketing approval from the FDA on June 30, 2009 for the treatment of IDA in adult CKD patients and was commercially launched by AMAG in the U.S. shortly thereafter. Ferumoxytol is protected in the U.S. by five issued patents covering the composition and dosage form of the product. Each issued patent is listed in the FDA’s Orange Book, the last of which expires in June 2023.

 

4



 

Ferumoxytol received marketing approval in Canada in December 2012, where it has been marketed by Takeda as Feraheme, and in the European Union in June 2013 where it has been marketed by Takeda as Rienso. Ferumoxytol received marketing approval in Switzerland in August 2013. Takeda had been commercializing the product outside of the U.S. under a license arrangement with AMAG.  In December 2014, AMAG and Takeda mutually agreed to terminate the license arrangement and are in the process of transferring the licensed rights back to AMAG.

 

Feraheme is contraindicated in patients with known hypersensitivity to Feraheme or any of its components. Serious hypersensitivity reactions, including anaphylactic-type reactions, have been reported in patients receiving Feraheme/Rienso. Serious adverse reactions of clinically significant hypotension have been reported in the post-marketing experience of Feraheme.

 

For additional U.S. product information, including full prescribing information, please visit www.feraheme.com.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other federal securities laws. Any statements contained herein which do not describe historical facts, including among others, statements regarding AMAG’s expectations as to preliminary fourth quarter and full year financial results, including total revenues, net product sales (actual and pro forma), and operating expenses; expectations regarding integration efforts and status for the Lumara Health division and expectations as to related synergy cost savings, the performance of Makena and the resulting impact on AMAG’s fourth quarter, full year and future financial results; the relationship between AMAG and Takeda and transitioning activities; beliefs regarding AMAG’s position for portfolio expansion and growth, as well as AMAG’s growth potential; plans to create shareholder value; expected timing and nature of interactions with the FDA and EMA and other regulatory authorities, including label changes, study designs and expansion of the product label, and any regulatory decisions resulting from such interactions; and AMAG’s 2015 financial outlook, including potential profitability (and the magnitude thereof), Makena product sales, Feraheme product sales (which range takes into account expected label changes), adjusted EBITDA and cash earnings, are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements.

 

Such risks and uncertainties include, among others: (1) demand for Feraheme and AMAG’s ability to successfully compete in the intravenous iron replacement market as a result of the FDA’s recommended label changes, including a boxed warning which would provide, among other things, (i) that Feraheme be administered only when personnel and therapies are immediately available for the treatment of anaphylaxis and other hypersensitivity reactions, (ii) observation for signs or symptoms of hypersensitivity reactions during and for at least 30 minutes following infusion and (iii) that hypersensitivity reactions have occurred in patients in whom a previous Feraheme dose was tolerated; (2) the outcome and timing of the process in accordance with Section 505(o) of the Federal Food, Drug and Cosmetic Act whereby the FDA is authorized to require AMAG to make safety-related label changes, including prescribed periods for submitting proposed changes to the label recommended by the FDA; (3) the impact on sales if AMAG disseminates future Dear Healthcare Provider letters; (4) the ability of AMAG to invest in the development and commercialization of Feraheme/Rienso outside the U.S., and the level of commercial success of any of such efforts, given the December 2014 arrangement to terminate AMAG’s and Takeda’s license arrangement; (5) uncertainties regarding the likelihood and timing of potential approval of Feraheme/Rienso in the U.S., the EU and Canada in the broader IDA indication; (6) the possibility that following review of new safety information, the FDA or regulators in Europe and Canada will request

 

5



 

additional technical or scientific information, new studies or reanalysis of existing data, on-label warnings, post-marketing requirements/commitments or risk evaluation and mitigation strategies (REMS) in the current CKD indication for Feraheme/Rienso, or cause Feraheme/Rienso to be withdrawn from the market, and the additional costs and expenses that will or may be incurred in connection with such activities; (7) the possibility that significant safety or drug interaction problems could arise with respect to Feraheme/Rienso or Makena and in turn affect sales or AMAG’s ability to market such product; (8) AMAG’s patents and proprietary rights; (9) maintaining the benefits associated with Makena’s orphan drug exclusivity status; (10) the risk of an Abbreviated New Drug Application (ANDA) filing, especially (i) as to Feraheme following the FDA’s draft bioequivalence recommendation for ferumoxytol published in December 2012 and (ii) as to Makena given the history of the approved drug Delalutin (the original version of 17-alpha-hydroxyprogesterone caproate) for conditions other than reducing the risk of preterm birth; (11) AMAG’s ability to execute on, or to realize the expected results from, its long-term strategic plan; (12) the possibility that AMAG will not realize expected synergies and other benefits from its acquisition of Lumara Health, as well as AMAG’s ability to pursue additional business development opportunities, especially in light of AMAG’s being highly leveraged; (13) the impact on sales of Makena from competitive, commercial payor, government (including federal and state Medicaid reimbursement policies), physician, patient or public responses with respect to product pricing, product access and sales and marketing initiatives, as well as patient compliance and the number of preterm birth risk pregnancies for which Makena may be prescribed; (14) the likelihood that labeling changes may be used to support product liability claims that the prior product labeling did not adequately disclose the risk of adverse events; (15) compliance with restrictive and affirmative covenants with respect to substantial indebtedness incurred to finance the acquisition of Lumara Health, including a requirement that AMAG reduce its leverage over time; (16) the possibility that AMAG will need to raise additional capital from the sale of its common stock, which will cause significant dilution to its stockholders, in order to satisfy its contractual obligations, including its debt service, milestone payments that may become payable to Lumara Health’s stockholders, or in order to pursue business development activities; (17) the availability and timing of tax net operating loss carryforwards; (18) the manufacture of AMAG’s products, including any significant interruption in the supply of raw materials or finished product and (19) other risks identified in AMAG’s filings with the U.S. Securities and Exchange Commission (SEC), including its Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 and subsequent filings with the SEC. Any of the above risks and uncertainties could materially and adversely affect AMAG’s results of operations, its profitability and its cash flows, which would, in turn, have a significant and adverse impact on AMAG’s stock price. Use of the term “including” in the two paragraphs above shall mean in each case “including, but not limited to.” AMAG cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.

 

AMAG disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

 

AMAG Pharmaceuticals® and Feraheme® are registered trademarks of AMAG Pharmaceuticals, Inc. MuGard® is a registered trademark of PlasmaTech Biopharmaceuticals, Inc. (formerly known as Access Pharmaceuticals, Inc.). Rienso™ is a trademark of Takeda Pharmaceutical Company Limited. Lumara Health™ is a trademark of Lumara Health Inc. Makena® is a registered trademark of Lumara Health Inc.

 

6



 

Non-GAAP Financial Measures Reconciliation for Forward-Looking Guidance

 

($ in millions)

 

2015 Guidance

 

GAAP Net Income

 

$95 - $105

 

Add - depreciation and amortization of intangibles

 

$50 - $55

 

Add - interest expense, net

 

$40

 

EBITDA

 

$185 - $200

 

Less — non-cash collaboration revenue

 

$41 - $42

 

Add — non-cash inventory step-up

 

$10 - $12

 

Add - stock compensation

 

$12 - $14

 

Add - adjustment to contingent consideration

 

$15 - $16

 

Add — severance and restructuring

 

$2 - $3

 

Adjusted EBITDA

 

$180 - $200

 

Less - cash interest expense, net

 

$30

 

Cash earnings

 

$150 - $170

 

 

CONTACT:

AMAG Pharmaceuticals, Inc.

Katie Payne, 617-498-3303

 

7




Exhibit 99.2

 

GRAPHIC

AMAG Pharmaceuticals JP Morgan Healthcare January 2015 Conference AMAG Pharmaceuticals, Inc. 1100 Winter Street Waltham, MA 02451 617.498.3300 A SPECIALTY PHARMACEUTICAL COMPANY DEDICATED TO BRINGING TO MARKET THERAPIES THAT IMPROVE PATIENTS’ LIVES www.amagpharma.com Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved.

 


GRAPHIC

Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other federal securities laws. Any statements contained herein which do not describe historical facts, including among others, statements regarding beliefs about AMAG’s cash flow, earnings, market segments, position for portfolio expansion and future effective tax rate; the potential timing of regulatory approval for the Makena 1mL preservative-free vial; the Makena market opportunity; beliefs about market dynamics and reimbursement trends for Makena; Makena’s patient-centric approach; the competitive landscape of Feraheme; Feraheme growth opportunities, including for the current indication and if a broader indication is pursued and obtained, as well as potential future call points; expectations for MuGard; AMAG’s future expansion opportunities, including business development, product growth and Makena line extension/lifecycle management; AMAG’s business development targeting strategy, including its criteria and considerations; plans to further diversify AMAG’s product portfolio, opportunities with maturing late-stage development pipeline and expected cash generation; expected 2014 preliminary results, including revenues and operating expenses; 2015 financial guidance, including expected Makena sales, Feraheme sales (which projected range takes into account expected label changes), adjusted EBITDA and cash earnings; and AMAG’s being well-positioned for success in 2015 and beyond are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements. Such risks and uncertainties include, among others: (1) demand for Feraheme and AMAG’s ability to successfully compete in the intravenous iron replacement market as a result of the FDA’s recommended label changes, including a boxed warning which would provide, among other things, (i) that Feraheme be administered only when personnel and therapies are immediately available for the treatment of anaphylaxis and other hypersensitivity reactions, (ii) observation for signs or symptoms of hypersensitivity reactions during and for at least 30 minutes following infusion and (iii) that hypersensitivity reactions have occurred in patients in whom a previous Feraheme dose was tolerated; (2) the outcome and timing of the process in accordance with Section 505(o) of the Federal Food, Drug and Cosmetic Act whereby the FDA is authorized to require AMAG to make safety-related label changes, including prescribed periods for submitting proposed changes to the label recommended by the FDA; (3) the impact on sales if AMAG disseminates future Dear Healthcare Provider letters; (4) the ability of AMAG to invest in the development and commercialization of Feraheme/Rienso outside the U.S., and the level of commercial success of any of such efforts, given the December 2014 arrangement to terminate AMAG’s and Takeda’s license arrangement; (5) uncertainties regarding the likelihood and timing of potential approval of Feraheme/Rienso in the U.S., the EU and Canada in the broader IDA indication; (6) the possibility that following review of new safety information, the FDA or regulators in Europe and Canada will request additional technical or scientific information, new studies or reanalysis of existing data, on-label warnings, post-marketing requirements/commitments or risk evaluation and mitigation strategies (REMS) in the current CKD indication for Feraheme/Rienso, or cause Feraheme/Rienso to be withdrawn from the market, and the additional costs and expenses that will or may be incurred in connection with such activities; (7) the possibility that significant safety or drug interaction problems could arise with respect to Feraheme/Rienso or Makena and in turn affect sales or AMAG’s ability to market such product; (8) AMAG’s patents and proprietary rights; (9) maintaining the benefits associated with Makena’s orphan drug exclusivity status; (10) the risk of an Abbreviated New Drug Application (ANDA) filing, especially (i) as to Feraheme following the FDA’s draft bioequivalence recommendation for ferumoxytol published in December 2012 and (ii) as to Makena given the history of the formerly FDA-approved drug Delalutin (the original version of 17-alpha-hydroxyprogesterone caproate) for conditions other than reducing the risk of preterm birth; (11) AMAG’s ability to execute on, or to realize the expected results from, its long-term strategic plan; (12) the possibility that AMAG will not realize expected synergies and other benefits from its acquisition of Lumara Health, as well as AMAG’s ability to pursue additional business development opportunities, especially in light of AMAG’s being highly leveraged; (13) the impact on sales of Makena from competitive, commercial payor, government (including federal and state Medicaid reimbursement policies), physician, patient or public responses with respect to product pricing, product access and sales and marketing initiatives, as well as patient compliance and the number of preterm birth risk pregnancies for which Makena may be prescribed; (14) the likelihood that labeling changes may be used to support product liability claims that the prior product labeling did not adequately disclose the risk of adverse events; (15) compliance with restrictive and affirmative covenants with respect to substantial indebtedness incurred to finance the acquisition of Lumara Health, including a requirement that AMAG reduce its leverage over time; (16) the possibility that AMAG will need to raise additional capital from the sale of its common stock, which will cause significant dilution to its stockholders, in order to satisfy its contractual obligations, including its debt service, milestone payments that may become payable to Lumara Health’s stockholders, or in order to pursue business development activities; (17) the availability and timing of tax net operating loss carryforwards; (18) the manufacture of AMAG’s products, including any significant interruption in the supply of raw materials or finished product and (19) other risks identified in AMAG’s filings with the U.S. Securities and Exchange Commission (SEC), including its Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 and subsequent filings with the SEC. Any of the above risks and uncertainties could materially and adversely affect AMAG’s results of operations, its profitability and its cash flows, which would, in turn, have a significant and adverse impact on AMAG’s stock price. Use of the term “including” in the two paragraphs above shall mean in each case “including, but not limited to.” AMAG cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. AMAG disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. AMAG Pharmaceuticals® and Feraheme® are registered trademarks of AMAG Pharmaceuticals, Inc. MuGard® is a registered trademark of PlasmaTech Biopharmaceuticals, Inc. (formerly known as Access Pharmaceuticals, Inc.). Rienso™ is a trademark of Takeda Pharmaceutical Company Limited. Lumara Health™ is a trademark of Lumara Health Inc. Makena® is a registered trademark of Lumara Health Inc. Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved.

 


GRAPHIC

Investment Highlights  High-growth spec pharma company Expected strong cash flow and earnings Diversified portfolio in attractive market segments Proven leadership team Track record of operational excellence Well positioned for future product acquisitions Hematology/Oncology, Nephrology & Hospital Maternal Health 1 Includes AMAG and Lumara Health product sales as though Lumara Health maternal health business had been acquired at the beginning of 2014 Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved.  2 Key Financials (as of 12/31/14) 2014 pro forma product sales: ~$254MM1 Market cap: $1.1B Shares outstanding: 25.6 million Cash balance: ~$144MM Debt: $540MM

 


GRAPHIC

Diversified Product Portfolio Filed/ Under Regulatory Review Indication Drugs Market Dosing In development Marketed US preservative-free and drug delivery US Filed October 2014; Decision expected 2Q15 Canada Canada2 1 sNDA submitted December 2012; CRL received January 2014; awaiting feedback on study design to generate additional safety data 2 Ferumoxytol is sold under the trade name RiensoTM in the EU and under the trade name Feraheme® in Canada; approval of label expansion unlikely without additional data Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 3 Cancer Supportive Care Anemia Management Maternal Health US8 foz bottle Oral mucositis/stomatitis and other types of oral wounds US/EU/510mg vial Iron deficiency anemia (IDA) in adult patients with chronic kidney disease (CKD) US1/EU2/ 510mg vial All adult patients with IDA who have failed oral iron treatment US5 mL vial Reduces the risk of recurrent preterm birth in certain at-risk women 1 mL vial Reformulation technologies

 


GRAPHIC

2014 – Transformational Year Solid execution of plan and strong financial performance vs. 2013 Feraheme revenue +19% In-market physician demand +9.2% Evolution index1 of 102, gaining share of a growing market (+7%) Acquisition of Lumara Health financially transforms company Added high-growth Makena and high-performing commercial team Rapid integration in progress; $20MM expected annual synergy cost savings Lower potential near-term effective tax rate due to availability of NOLs (AMAG + Lumara) Enterprise value +350% and market cap +100% since announcement on Sept. 29, 2014 Expanded and strengthened executive team Hired new heads of business development, sales & marketing and human resources Key Lumara Health executives joined AMAG 1 Evolution Index = Product growth divided by market growth; E.I. of 102 means Feraheme is growing 2% faster than the market in 2014 vs. 2013 Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 4

 


GRAPHIC

Preliminary 2014 Results vs. Guidance 1Excludes the impact of business development transactions, potential expenses associated with further development of Feraheme for the broad IDA indication and potential milestone associated with broad IDA approval in EU 2Published guidance excluded any potential Q4 impact attributable to closing the Lumara Health acquisition prior to year-end 3Includes $1.8 million in revenue associated with a change in estimated Feraheme product returns reserves Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 5 ($ in millions) GUIDANCE Updated July 20141,2 RESULTS (Unaudited) Total revenues $93–$102 $123.8–$125.5 U.S. Feraheme net sales $80–$87 $85.8–$86.33 Makena net sales ---$23.1–$23.6 Other revenues $13–$15 $14.9–$15.6 Adjusted Operating Expenses $87–$92 $84.2–$85.5 Add: Lumara Health and transaction expenses ---~ $20.4 Operating expenses (GAAP) ---$104.6–$105.9

 


GRAPHIC

Makena Copyright © 2015 AMAG Pharmaceuticals,Inc. All Rights Reserved.

 


GRAPHIC

Overview of Recently acquired Lumara Health, a privately held specialty pharmaceutical company focused on maternal health Makena commercial team dedicated exclusively to OB/GYN subspecialty o 75-person sales force targets more than 9,000 OB/GYNs Copyright © 2015 AMAG Pharmaceuticals., Inc. All Rights Reserved. 7 Flagship product, Makena Only FDA-approved drug to lower the risk of preterm birth in women who are pregnant with one baby and who have spontaneously delivered one preterm baby in the past Weekly intramuscular injections from 16 until 37 weeks of pregnancy, 21 maximum possible injections

 


GRAPHIC

Market Opportunity1 $1B Estimated Market Share Based on Patients2 Favorable market dynamics: Federal Drug Quality and Security Act (enacted Nov. 2013) details new regulations and FDA’s authority governing compounding pharmacies. o FDA has stated: “a pharmacist may not compound regularly or in inordinate amounts any drug products that are essentially copies of Makena” Makena ~33K (24%) Off-guidance3 ~42K (30%) Significant opportunity to: Increase market share of treated Makena patients from current 24%; and Enhance patient compliance from current 13.5 paid injections/patient Compounded hydroxyprogesterone caproate ~65K (46%) 1 Based on 140,000 patients, >16 injections/patient and net revenue of ~ $425/injection 2 Company estimates based on Makena distributed units and quantitative physician market research data on compounded hydroxyprogesterone caproate 3 Off-guidance represents patients treated outside guidance of Society for Maternal Fetal Medicine (SMFM), including patients treated with unapproved therapies and untreated patients Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 8

 


GRAPHIC

Strong Quarterly Growth: 2014 Sales Performance ~$167MM pro forma sales,1 +64% volume growth 4Q14 vs. 4Q13 75% growth 120 100 80 60 40 20 - 1Q 2Q 3Q 4Q 2013 2014 1 $425-$450 net/dose Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 9 Shipped doses (in thousands)

 


GRAPHIC

2015 Growth Strategies MD education Patient education Guidelines R&D Professional Societies Education on guidelines Makena Care Connection Field-based med affairs team Patient Advocacy Groups Physicians Patient education Timely therapy initiation R&D Improvements to access Makena Care Connection Commercial payers and state Medicaid Compounding pharmacies Expansion of distribution Adherence to therapy Leverage MD relationships Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 10

 


GRAPHIC

Feraheme and MuGard 11 Copyright© 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved.

 


GRAPHIC

Feraheme: 1–2–3 1 GRAM | 2 DOSES | 3 DAYS APART WHY IRON THERAPY IS IMPORTANT Iron is a critical factor in the production of red blood cells 4.5 million Americans diagnosed and suffering from IDA Daily oral iron is first line therapy for most IDA patients Many patients fail oral iron therapy – compliance, efficacy and/ or side effects (constipation, GI upset) o o 1One gram of IV iron is the usual therapeutic course and that which was studied in the Feraheme clinical trials 2Revisions to administration procedure under review and discussion with the FDA Feraheme Indication: Feraheme ® (ferumoxytol) Injection for Intravenous (IV) is indicated for the treatment of iron deficiency anemia in adult patients with chronic kidn ey disease. Feraheme is contraindicated in patients with known hypersensitivity to Feraheme or any of its components. For full prescribing information, please visit www.feraheme.com. Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 12 ATTRIBUTE FERAHEME ONE-GRAM DOSE Dosing1 Schedule: 2 x 510 mg doses Delivery2: 15 min. infusion or IV injection Regimen (1 g): 2 treatments, 3 to 8 days apart Observation Period: 30 minutes post dosing

 


GRAPHIC

Competitive Landscape: U.S. IV IRON MARKET +900,000 GRAMS ANNUALLY 2014 Share of Non-dialysis Market (Grams)1 15.6% (vs. 15.4% in 2013) Venofer® 43.1% Ferric Gluconate2 Injectafer® 6.3% Iron Dextran/ Dexferrum 20.4% 1 IMS DDD Data through week ending 12/26/14 2 Aggregate of Ferrlecit® Brand + Generic Ferric Gluconate Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 13

 


GRAPHIC

Strong Quarterly Growth: 2014 Sales Performance ~$86MM annual sales1 +19% growth (12% volume; 7% price) 4Q14 vs. 4Q13 17% Growth (+12% volume, +5% price) $23 $22 $21 $20 $19 $18 $17 $16 $15 $14 $13 $12 $11 $10 1Q 2Q 3Q 4Q 2013 2014 1 Excludes the impact of favorable changes in estimates made to product returns and Medicaid reserves in 2013 and 2014 Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 14 Ex-factory net sales1 (in millions)

 


GRAPHIC

Growth Opportunities: INCREASE SHARE OF CKD MARKET & PLAN FOR LABEL EXPANSION …Market growth opportunity: 4.5 million diagnosed IDA patients (1.5 million in women’s health) 31% Significant growth opportunity today in current U.S. indication: ~$250 million/year Feraheme potential1 (450,000 grams2 or approx. 275,000 patients) IV Iron IDA-CKD IV Iron IDA2 other 69% IV irons ~$500 MILLION/YEAR FERAHEME POTENTIAL3 (900,000 GRAMS OR APPROX. 550,000 PATIENTS) 1AMAG estimates market opportunity at $550/gram 2IMS Health Data 3If regulatory approval is pursued and received Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 15

 


GRAPHIC

MuGard Overview Overview 2014 Highlights Study demonstrating strong product differentiation featured on cover of journal Cancer in May Expanding patient access to MuGard Prescription mucoadhesive for the management of oral mucositis (OM) OM is a common, painful, and debilitating side effect of multiple types of cancer treatments. o 400,000 cancer patients with oral mucositis in U.S. annually1 o Incremental medical care cost of severe OM in head and neck cancer patients is ~$18,0002 MuGard forms a protective coating over the oral mucosa to shield the membranes of the mouth and tongue Increased payer coverage through additional managed care formulary acceptances Established new GPO contracting strategy o o Strong market and market share growth3 o Total MuGard prescriptions +9.2% vs. 2013 1Sonis ST. Oral Oncol. 2009 Dec;45(12):1015-20 2Treister N, Sonis S. Mucositis: biology and management. Curr Opin Otolaryngol Head Neck Surg. 2007 Apr;15(2):123-9 3IMS NPA Data through November 2014 Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 16

 


GRAPHIC

Future Expansion Opportunities Copyright © 2015 AMAG Pharmaceuticals,Inc. All Rights Reserved. 17

 


GRAPHIC

Future Expansion Opportunities Approval1 Growth IV Iron 2015 2016 2017 2018 2019 2020 1 If regulatory approval is pursued and received Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 18 Business Development • Oncology/hematology • Women’s Health MuGardFeraheme IDA Market Expansion Makena Line Extension/Lifecycle Management1 1 mL Single-Dose,Reformulation and Preservative-drug delivery Free Vialtechnologies

 


GRAPHIC

Business Development Targeting Strategy THERAPEU Maternal and neonatal health Hematology/oncology Nephrology Hospital Cancer supportive care Opportunities aligned with Feraheme IDA growth strategy Orphan indications CHA Clinic-based and specialty therapeutics Hospital products o Infusion center o Outpatient o Inpatient specialty Buy and build products Sophisticated contracting and reimbursement skills FINANCIAL Revenue-generating commercial products Realize cost synergies to increase cash flows & EBITDA Optimize after-tax cash flows Products with IP runway Late-stage development assets with significant peak sales and growth potential ATTRACTIVE MARKET FUNDAMENTALS STRATEGIC FIT ACTIONABLE HIGH-PRIORITY BD TARGETS Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 19 CRITERIA & CONSIDERATIONS

 


GRAPHIC

Business Development at AMAG: DEFINING SUCCESS Past Present Next Steps Single product Significant cash burn Under-utilized resources Profitable company with strong growth potential Diversified portfolio in attractive segments Well positioned for future product acquisitions Further diversifying commercial product portfolio Maturing late-stage development pipeline Significant cash generation Feraheme MuGard Makena Product 4 Product 5 Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 20

 


GRAPHIC

2015 Financial Guidance 1 See slide 25 for reconciliation to arrive at Adjusted EBITDA and Cash earnings Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 21 ($ in millions) 2014 PRO FORMA (Unaudited) 2015 GUIDANCE Total revenue $265.7–$268.7 $380–$420 Total product sales $252.0–$255.5 $335–$375 Makena sales, net $165.0–$168.0 $245–$270 Feraheme and MuGard sales, net $87.0–$87.5 $90–$105 Adjusted EBITDA1 $180–$200 Cash earnings1 $150–$170

 


GRAPHIC

Investment Highlights High-growth spec pharma company Expected strong cash flow and earnings Diversified portfolio in attractive market segments Proven leadership team Track record of operational excellence Well positioned for future product acquisitions Hematology/Oncology, Nephrology & Hospital Maternal Health 1 Includes AMAG and Lumara Health product sales as though Lumara Health maternal health business had been acquired at the beginning of 2014 Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 22 Key Financials (as of 12/31/14) 2014 pro forma product sales: ~$254MM1 Market cap: $1.1B Shares outstanding: 25.6 million Cash balance: ~$144MM Debt: $540MM

 


GRAPHIC

Well positioned for success in 2015 … and beyond AMAG Pharmaceuticals, Inc. 1100 Winter Street Waltham, MA 02451 617.498.3300 A SPECIALTY PHARMACEUTICAL COMPANY DEDICATED TO BRINGING TO MARKET THERAPIES THAT IMPROVE PATIENTS’ LIVES www.amagpharma.com Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved.

 


GRAPHIC

Outstanding Preliminary 2014 Results 2014 1Q4 2014 Makena sales represents sales from November 12, 2014 through December 31, 2014 22014 Amounts include $1.8 million in revenue associated with a change in estimated Feraheme product returns reserves 3Amounts represent U.S. sales of Feraheme, MuGard and Makena in the respective periods, as applicable Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 24 ($ in millions) Q4 2013 (Unaudited) Q4 2014 (Unaudited) 2013 (Audited) PRO FORMA (Unaudited) Total product sales (2) (3) $19.2 $47.2–$48.2 $71.7 $252.0–$255.5 Makena sales, net $0 $23.1–$23.61 $0 $165.0–$168.0 U.S. Feraheme sales, net (2) $19.0 $23.8–$24.3 $71.4 $85.8–$86.3 Operating expenses $22.4 $41.5–$42.8 $80.5 ---

 


GRAPHIC

2015 Financial Guidance: ADJUSTED EBITDA AND CASH EARNINGS RECONCILIATION Copyright © 2015 AMAG Pharmaceuticals, Inc. All Rights Reserved. 25 ($ in millions)2015 GUIDANCE GAAP Net income$95 – $105 Add - depreciation and amortization of intangibles$50 – $55 Add - interest expense, net$40 EBITDA$185 – $200 Less – non-cash collaboration revenue$41 – $42 Add – non-cash inventory step-up$10 – $12 Add - stock compensation$12 – $14 Add - adjustment to contingent consideration$15 – $16 Add – severance and restructuring$2 - $3 Adjusted EBITDA$180 – $200 Less - cash interest expense$30 Cash earnings$150 – $170

 

AMAG Pharmaceuticals (NASDAQ:AMAG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more AMAG Pharmaceuticals Charts.
AMAG Pharmaceuticals (NASDAQ:AMAG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more AMAG Pharmaceuticals Charts.