- Additional Proxy Soliciting Materials (definitive) (DEFA14A)
May 18 2009 - 6:06AM
Edgar (US Regulatory)
UNITED
STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 14A
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Proxy
Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
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Filed by the Registrant
x
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Filed by a Party other than the
Registrant
o
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Check the appropriate box:
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o
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Preliminary Proxy Statement
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Confidential, for
Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to
§240.14a-12.
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AMYLIN
PHARMACEUTICALS, INC.
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(Name
of Registrant as Specified In Its Charter)
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N.A.
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(Name
of Person(s) Filing Proxy Statement, if other than the Registrant)
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Payment of Filing Fee (Check the
appropriate box):
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x
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No fee required.
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Fee computed on table below per
Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to
which transaction applies:
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(2)
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Aggregate number of securities to
which transaction applies:
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Per unit price or other underlying
value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth
the amount on which the filing fee is calculated and state how it was
determined):
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(4)
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Proposed maximum aggregate value of
transaction:
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(5)
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Total fee paid:
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Fee paid previously with preliminary
materials.
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Check box if any part of the fee is
offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing
for which the offsetting fee was paid previously. Identify the previous
filing by registration statement number, or the Form or Schedule and the date
of its filing.
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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration
Statement No.:
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Filing Party:
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Date Filed:
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FOR IMMEDIATE RELEASE
AMYLIN
COMMENTS ON RISKMETRICS REPORT
Urges
Stockholders to Vote FOR Amylin Director Nominees on the Blue Proxy Card Today
RiskMetrics Splits Recommendation
in Proxy Contest
San
Diego, CA May 15, 2009 Amylin Pharmaceuticals, Inc. (Nasdaq:
AMLN) today issued the following statement in response to a report issued by
RiskMetrics Group (formerly Institutional Shareholder Services) regarding
Amylins Annual Meeting of Stockholders to be held on May 27, 2009:
It is important for shareholders to note that
RiskMetrics split its recommendation, supporting only three out of five
nominees proposed by Carl Icahn and Eastbourne Capital Management, L.L.C. We are confident that our slate of nominees
is the right Board to lead Amylin. We are
disappointed that RiskMetrics has recommended three dissident nominees to our
annually-elected Board. The Company
urges shareholders to vote FOR Amylins highly-qualified
Director nominees who have extensive
experience in biopharmaceuticals and diabetes, as well as the valuable sales
and marketing expertise necessary to most effectively guide Amylin. We believe that our nominees have better
qualifications relevant to our business.
Importantly, Amylins
Board and management team have recognized and embraced the need for change, with
two new independent Director nominees, Paul N. Clark, former Chairman, Chief Executive Officer and President of
Icos Corporation, and Paulo F. Costa, former President and Chief Executive
Officer of Novartis U.S. Corporation. Both
bring additional commercial and operational expertise in the biopharmaceutical
industry, which are key attributes requested by our shareholders.
Over the course of the
past six months, Amylin has also taken the necessary steps to effect change in
its business strategy and increase long-term shareholder value, including:
·
Early
submission of the New Drug Application (NDA) for exenatide once weekly to U.S.
Food and Drug Administration (FDA).
·
New
specialty sales force approach to more effectively target the diabetes market
this plan will reduce our sales force by 35% and save $45 million annually
beginning in 2010.
·
Implementation
of ExenatideOne, a single, integrated team co-located in San Diego, to optimize
cost structure and drive efficiency with the Companys partner Eli Lilly and
Company.
Amylins Board is committed to representing the interests of
ALL Amylin shareholders.
We urge shareholders to act now to maximize the value of their
investment
and not risk
the Companys future and prospects.
Amylin shareholders should vote
FOR Amylins Director nominees on the BLUE proxy card today.
Your Vote Is Important, No Matter How Many Or How Few
Shares You Own
If you have questions about how to vote your shares, or need additional
assistance,
please contact the firm assisting us in the solicitation of proxies:
INNISFREE M&A INCORPORATED
Stockholders Call Toll-Free: (877) 717-3926
Banks and Brokers Call Collect: (212) 750-5833
IMPORTANT
We urge you NOT to vote
using any White
or Gold proxy card sent to you by
Icahn or Eastbourne, as doing so will revoke your vote on the
BLUE
proxy card.
If you have already done so, you have every legal right to
change
your vote by using
the enclosed
BLUE
proxy card to vote todayby
telephone, by Internet,
or by signing, dating and returning the
BLUE
proxy card
in the postage-paid envelope provided.
About Amylin
Amylin
Pharmaceuticals is a biopharmaceutical company committed to improving lives
through the discovery, development and commercialization of innovative
medicines. Amylin has developed and gained approval for two first-in-class
medicines for diabetes, SYMLIN
®
(pramlintide acetate) injection and BYETTA
®
(exenatide) injection.
Amylins research and development activities leverage the Companys expertise
in metabolism to develop potential therapies to treat diabetes and obesity. Amylin
is headquartered in San Diego, California. Further information on Amylin
Pharmaceuticals is available at www.amylin.com.
Forward Looking
Statements
This press release contains forward-looking statements
about Amylin, which involve risks and uncertainties. Our actual results could
differ materially from those discussed herein due to a
number of risks and uncertainties, including risks
that BYETTA, SYMLIN or exenatide once weekly may be affected by competition,
unexpected new data, safety and technical issues, or manufacturing and supply
issues; risks that our financial results may fluctuate significantly from
period to period and may not meet market expectations; risks that any financial
guidance we provide may not be accurate; risks that our clinical trials will
not be completed when planned, may not replicate previous results or achieve
desired end-points; risks that our preclinical studies may not be predictive;
risks that our NDAs for product candidates or sNDAs for label expansion requests,
such as the exenatide once weekly NDA mentioned in this letter, may not be
submitted timely or receive FDA approval; risks that our expense reductions
will not be as large as we expect; risks that the restructured operations for
exenatide will not produce the results we expect; and other risks inherent in
the drug development and commercialization process. Commercial and government
reimbursement and pricing decisions and the pace of market acceptance may also
affect the potential for BYETTA, SYMLIN or exenatide once weekly. These and
additional risks and uncertainties are described more fully in the Companys
most recently filed Form 10-K and Form 10-Q. Amylin disclaims any
obligation to update these forward-looking statements.
Additional Information and Where To
Find It
This press release may be deemed to be solicitation
material in respect of the matters to be considered at the 2009 Annual Meeting
of Stockholders. Amylin has filed the definitive proxy statement with the
Securities and Exchange Commission (SEC) on April 20, 2009.
INVESTORS AND SECURITYHOLDERS ARE URGED TO READ THE
PROXY STATEMENT, THE BLUE PROXY CARD AND ANY OTHER RELEVANT DOCUMENTS FILED OR
THAT WILL BE FILED WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT INFORMATION.
Investors and securityholders may obtain the proxy statement and other relevant
documents free of charge at the SECs Web site, www.sec.gov or from Amylin
Investor Relations at 9360 Towne Centre Drive, San Diego, California 92121.
Participants in Solicitation
Amylin and its directors and executive officers and
other members of management and employees may be deemed to be participants in
the solicitation of proxies in respect of the matters to be considered at the
2009 Annual Meeting of Stockholders. Information regarding the interests
of Amylins directors and executive officers in the proxy contest is included
in Amylins definitive proxy statement.
CONTACTS:
Alice
Izzo
Executive Director, Corporate Affairs
Amylin Pharmaceuticals, Inc.
(858) 642-7272
alice.izzo@amylin.com
or
Steve
Frankel / Annabelle Rinehart
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
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