Alexion Pharmaceuticals has moved up over 20% during the past month after a large decline in the fourth quarter. At Alexion, we take a comprehensive view of corporate social responsibility (CSR), which encompasses environmental, social and governance topics that impact our business and our stakeholders. ALXN1830 (SYNT001): Alexion plans to re-initiate a Phase 2 study of ALXN1830 (SYNT001), administered intravenously, in warm autoimmune hemolytic anemia (WAIHA) in early 2020. Alexion's profit outlook beat views for $10.36 a share, but the company's sales forecast missed estimates for $5.62 billion. Despite a solid fourth quarter, Alexion Pharmaceuticals (ALXN) slipped Monday on 2019 sales guidance that missed analyst estimates. Nevertheless, it has been considered one of the prime candidates for acquisition from the onset of 2019, after the mega-merger announcement of Bristol-Myers and Celgene. This press release and further information about Alexion can be found at: www.alexion.com. Given Alexion Pharmaceuticals’ 2018 market capitalization of $25 billion—No. The Investor Relations website contains information about Alexion Pharmaceuticals, Inc.'s business for stockholders, potential investors, and financial analysts. Strensiq is not even Alexion’s top-selling drug. “Alexion has been in close contact with physicians and global health authorities in an effort to rapidly evaluate the potential of C5 inhibition in treating patients with severe COVID-19,” said John Orloff, M.D., Executive Vice President and Head of Research & Development at Alexion. ET. ALXN1720: In June 2019, Alexion submitted the initial Clinical Trial Authorization (CTA) application to the Medicines and Healthcare Products Regulatory Agency (MHRA) for the initiation of a Phase 1 study of ALXN1720, a novel anti-C5 albumin-binding bi-specific mini … Staff Reporter . Alexion Pharmaceuticals has obtained exclusive rights in Japan to develop and market AG10, an oral treatment candidate for familial amyloid polyneuropathy (FAP), also called ATTR polyneuropathy (ATTR-PN).. AG10 is a small molecule developed by Eidos Therapeutics, a subsidiary of BridgeBio Pharma.It is intended to address the root cause of transthyretin amyloidosis — misfolded … Alexion has been named to the Forbes list of the World’s Most Innovative Companies seven years in a row and is headquartered in Boston, Massachusetts’ Innovation District. Alexion Pharmaceuticals CEO Ludwig Hantson's 2019 pay rises 15% to $18.9M Alexion Pharmaceuticals reports 2019 executive compensation. BOSTON--(BUSINESS WIRE)--Apr. Alexion is a global biopharmaceutical company focused on developing life-changing therapies for people living with rare disorders. In February 2016, the Financial Accounting Standards Board issued a new standard that requires lessees to recognize leases on-balance sheet. Alexion recently announced a license agreement with BridgeBio Pharma, Inc.’s subsidiary, Eidos Therapeutics, Inc. EIDX. View real-time stock prices and stock quotes for a full financial overview. For the three months ended March 31, 2019 and 2018, changes in the fair value of contingent consideration reflect the impact of changes in the expected timing of payments of contingent consideration. Full guidance updates are outlined below. Alexion is in the midst of a patent battle over Soliris, which is responsible for around 80 percent of the company’s revenue, bringing in $981 million in sales in the second quarter of 2019 alone. By clicking "OK" or continuing to use this site, you agree that we may collect and use your personal data and set cookies to improve your experience and customise advertising. IBD Newsletters Get exclusive IBD analysis and action news daily. […] Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Two years after the global biopharmaceutical company Alexion moved their headquarters from New Haven to Boston, the company announced on Wednesday that it would invest approximately $10 million into expanding their Global Product Development Lab in the Elm City. The non-GAAP results exclude the impact of the following GAAP items (see reconciliation tables below for additional information): share-based compensation expense, fair value adjustment of inventory acquired, amortization of purchased intangible assets, changes in fair value of contingent consideration, restructuring and related expenses, upfront payments related to licenses and collaborations, acquired in-process research and development assets, impairment of intangible assets, change in value of strategic equity investments, litigation charges, gain or loss on sale of a business or asset and certain adjustments to income tax expense. The drug is the source of 80 percent of Alexion's annual revenue. associated with intellectual property, View source version on businesswire.com: https://www.businesswire.com/news/home/20190425005264/en/, Alexion:Media Serve Communities and Sustain Our Planet: 1,700+ employees donated 8,500+ hours as part of 2019 Global Day of Service. ALXN | Complete Alexion Pharmaceuticals Inc. stock news by MarketWatch. Alexion will host a conference call/audio webcast to discuss the first quarter 2019 results today at 8:00 a.m. Eastern Time. During the three months ended March 31, 2018, we recognized an unrealized gain of $100.8 million to adjust our investment in Moderna Therapeutics, Inc. to fair value. … We recorded an upfront license payment of $21.2 million in connection with an agreement that we entered into with Zealand Pharma A/S in March 2019. View daily, weekly or monthly format back to when Alexion Pharmaceuticals, Inc. stock was issued. (RTTNews) - Alexion Pharmaceuticals Inc. (ALXN) increased its revenues and earnings per share guidance for fiscal year 2019. Alexion stock is highly … A replay of the call will be available for a limited period following the call. On […] The negative impact of foreign currency on total revenues year-over-year was 1 percent, or $15.1 million, inclusive of hedging activities. By ExecPay News. The negative impact of foreign currency on total revenues year-over-year was 1 percent, or $45.1 million, inclusive of hedging activities. Strensiq has since generated about $1.3 billion in revenue for Alexion — including $271 million in the first half of 2019 alone. Alexion Pharmaceuticals will acquire New Haven-based pharmaceutical company Achillion Pharmaceuticals for an anticipated $930 million, the companies announced last week. Alexion's profit outlook beat views for $10.36 a share, but the company's sales forecast missed estimates for $5.62 billion. FRANKFURT (Reuters) -Britain's AstraZeneca has agreed to buy U.S. drugmaker Alexion Pharmaceuticals for $39 billion in its largest ever deal, diversifying away from its fast-growing cancer business in a bet on rare-disease and immunology drugs. Get the latest Alexion Pharmaceuticals, Inc. (ALXN) stock news and headlines to help you in your trading and investing decisions. © 2021 Alexion Pharmaceuticals, Inc. https://www.businesswire.com/news/home/20190425005264/en/, Amortization of purchased intangible assets, Change in fair value of contingent consideration, Shares used in computing earnings per common share, Upfront payments related to licenses and collaborations. Get the latest Alexion Pharmaceuticals, Inc. (ALXN) stock news and headlines to help you in your trading and investing decisions. Financial contributions to UK and Irish PAOs from 2015 – 2019 Alexion Pharmaceuticals Inc (NASDAQ: ALXN) Q4 2019 Earnings Conference Call January 30, 2020. Logo of jester cap with thought bubble. Megan Goulart, 857-338-8634 Alexion Pharmaceuticals has moved up over 20% during the past month after a large decline in the fourth quarter. Total revenues in the third quarter were $1,263.1 million, a 23 percent increase compared to the same period in 2018. We use cookies to give you the best online experience. Alexion's non-GAAP income tax expense for the three months ended March 31, 2019 and 2018 excludes the tax effect of pre-tax adjustments to GAAP profit. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) Q2 2019 Earnings Conference Call July 24, 2019 8:00 AM ET Company Participants. IBD Newsletters Get exclusive IBD analysis and action news daily. In addition, the company is developing several mid-to-late-stage therapies, including a second complement inhibitor, a copper-binding agent for Wilson disease and an anti-neonatal Fc receptor (FcRn) antibody for rare Immunoglobulin G (IgG)-mediated diseases as well as several early-stage therapies, including one for light chain (AL) amyloidosis and a second anti-FcRn therapy. You are cordially invited to attend Alexion's 2019 Annual Meeting of Shareholders on Tuesday, May 14, 2019, at the Seaport Hotel, 1 Seaport Lane, Boston, MA 02210, at 5:30 p.m. local time. Alexion Provides Update on Phase 3 Study of ULTOMIRIS® (ravulizumab-cwvz) in Hospitalized Patients with Severe COVID-19 Jan 12, 2021 Alexion Highlights Commercial, Clinical and Financial Progress at the 39th Annual J.P. Morgan Healthcare Conference Alexion Pharmaceuticals Inc (NASDAQ: ALXN) Q2 2019 Earnings Call Jul 24, 2019, 8:00 a.m. Alexion disclaims any obligation to update any of these forward-looking statementsto reflect events or circumstances after the date hereof, except when a duty arises under law. BOSTON -- (BUSINESS WIRE)--Jul. This press release contains forward-looking statements, including statements related to: guidance regarding anticipated financial results for 2019 (and the assumptions related to such guidance); the strength of our business and continued growth; plans to expand the Company's pipeline; Company's goal of continuing to build on momentum as the year progresses; further future growth in the Company's four durable franchises (hematology/nephrology, metabolics, neurology and FcRn); plans to make future regulatory submissions/filings for approval of certain of our products and product candidates, including SOLIRIS (eculizumab) and ULTOMIRIS (ALXN1210/ravulizumab-cwvz), and the expected timing related thereto, (as well as the expected timing of the receipt of certain regulatory approvals to market a product); future plans for, and the timing for, the commencement of future clinical trials and the expected timing of the receipt of results of certain clinical trials and studies; potential benefits of current products and products under development and in clinical trials (including further extended dosing intervals); Company’s plans to initiate proof-of-concept studies for ULTOMIRIS in ALS and exploratory clinical study for ULTOMIRIS in PPMS; the expected timing of the closing of the Affibody AB transaction; the potential to treat a broad range of complement mediated diseases with the product to be developed with Zealand Pharma A/S; and Alexion's future clinical, regulatory, and commercial plans for ULTOMIRIS and other product candidates.Forward-looking statements are subject to factors that may cause Alexion's results and plans to differ materially from those forward-looking statements, including for example: our dependence on sales from our principal product (SOLIRIS); our ability to facilitate the timely conversion of PNH patients (and any future indications) from SOLIRIS to ULTOMIRIS; payer, physician and patient acceptance of ULTOMIRIS as an alternative to SOLIRIS; appropriate pricing for ULTOMIRIS; future competition from biosimilars and novel products; decisions of regulatory authorities regarding the adequacy of our research, marketing approval or material limitations on the marketing of our products; delays or failure of product candidates to obtain regulatory approval; delays or the inability to launch product candidates due to regulatory restrictions, anticipated expense or other matters; interruptions or failures in the manufacture and supply of our products and our product candidates; failure to satisfactorily address matters raised by the FDA and other regulatory agencies; results in early stage clinical trials may not be indicative of full results or results from later stage or larger clinical trials (or broader patient populations) and do not ensure regulatory approval; the possibility that results of clinical trials are not predictive of safety and efficacy and potency of our products (or we fail to adequately operate or manage our clinical trials) which could cause us to halt trials, delay or prevent us from making regulatory approval filings or result in denial of approval of our product candidates; unexpected delays in clinical trials; unexpected concerns that may arise from additional data or analysis obtained during clinical trials; future product improvements may not be realized due to expense or feasibility or other factors; uncertainty of long-term success in developing, licensing or acquiring other product candidates or additional indications for existing products; inability to complete planned acquisitions due to failure of regulatory approval or material changes in target or otherwise; inability to complete acquisitions and investments due to increased competition for technology; the possibility that current rates of adoption of our products are not sustained; the adequacy of our pharmacovigilance and drug safety reporting processes; failure to protect and enforce our data, intellectual property and proprietary rights and the risks and uncertainties relating to intellectual property claims, lawsuits and challenges against us (including intellectual property lawsuits relating to ULTOMIRIS brought by third parties against Alexion and inter partes review petitions submitted by third parties); the risk that third party payors (including governmental agencies) will not reimburse or continue to reimburse for the use of our products at acceptable rates or at all; failure to realize the benefits and potential of investments, collaborations, licenses and acquisitions; the possibility that expected tax benefits will not be realized; assessment of impact of recent accounting pronouncements; potential declines in sovereign credit ratings or sovereign defaults in countries where we sell our products; delay of collection or reduction in reimbursement due to adverse economic conditions or changes in government and private insurer regulations and approaches to reimbursement; uncertainties surrounding legal proceedings, company investigations and government investigations, including investigations of Alexion by the U.S. Securities and Exchange Commission (SEC) and U.S. Department of Justice; the risk that estimates regarding the number of patients with PNH, aHUS, gMG, HPP and LAL-D and other future indications we are pursuing are inaccurate; the risks of changing foreign exchange rates; risks relating to the potential effects of the Company's restructuring; risks related to the acquisition of Syntimmune and other companies and co-development and collaboration efforts; and a variety of other risks set forth from time to time in Alexion's filings with the SEC, including but not limited to the risks discussed in Alexion's Annual Report on Form 10-K for the period ended December 31, 2018 and in our other filings with the SEC. We've also made significant progress executing and expanding our pipeline. It brought in $981 million from Soliris sales in the second quarter of the year, according to financial records.. Alexion Pharmaceuticals now holds exclusive rights to Dicerna’s potential RNA interference (RNAi) therapies developed against four targets of the complement system, which plays a role in many diseases, including atypical hemolytic uremic syndrome (aHUS).. aHUS results from an abnormal activation of the complement system, a set of more than 50 blood proteins mainly produced by the … The audio webcast can be accessed on the Investor page of Alexion’s website at: http://ir.alexion.com. Contents: Prepared Remarks You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the fourth quarter and full year of 2019. As the global leader in complement biology and inhibition for more than 20 years, Alexion has developed and commercializes two approved complement inhibitors to treat patients with paroxysmal nocturnal hemoglobinuria (PNH), as well as the first and only approved complement inhibitor to treat atypical hemolytic uremic syndrome (aHUS) and anti-acetylcholine receptor (AchR) antibody-positive generalized myasthenia gravis (gMG), and is also developing it for patients with neuromyelitis optica spectrum disorder (NMOSD). Corporate Participants: Morgan Sanford — Director of Investor Relations. Published: March 26, 2020. Alexion (ALXN) Down on News of CFO Clancy's Departure in 2019 - … ALXN1720: In September 2019, Alexion began a Phase 1 study of ALXN1720, a novel anti-C5 albumin-binding bi-specific mini-body that binds and prevents activation of human C5, in healthy volunteers. Aradhana Sarin — Executive Vice President and Chief Financial Officer. ... Alexion’s stock price dropped around 11 percent following the news, ... 2019 Corporate Citizenship Awards Strong U.S. launch underway for ULTOMIRIS, Announced collaborations with Caelum Biosciences, Affibody and, Total Revenues and EPS guidance increased to reflect strength of the business and continued growth. Changes in the fair value of contingent consideration for the three months ended March 31, 2018 also included the impact of changes in the probability of achieving the contingent milestones. Track breaking Alexion headlines on NewsNow: the one-stop shop for Alexion news. Further information on disclosure can be found here . These efforts come to life in our 2019 CSR Report, Brighter Futures, summarized here. Alexion's finances rely heavily on its rare disease drug Soliris. Alexion Pharmaceuticals, Inc. ALXN posted fourth-quarter 2019 adjusted earnings of $2.71 per share, which improved 26.6% from the year-ago quarter’s $2.14. The two companies develop rare-disease therapeutics that target a specific immune pathway called the complement system. John Orloff — Executive Vice President and Head of Research & Development This website is intended only for residents of the United States. Nevertheless, it has been considered one of the prime candidates for acquisition from the onset of 2019, after the mega-merger announcement of Bristol-Myers and Celgene. By using our website, you agree to our use of cookies in accordance with our. By ExecPay News. Alexion Pharmaceuticals Inc (NASDAQ: ALXN) Q4 2019 Earnings Conference Call January 30, 2020. Alexion Pharmaceuticals Inc (NASDAQ: ALXN) Q1 2019 Earnings Call April 25, 2019, 8:00 a.m. Total revenues for the full year of 2019 were $4,991.1 million, a 21 percent increase compared to 2018. … "We look forward to continuing to build on our momentum as the year progresses, further growing our four durable franchises in hematology/nephrology, neurology, metabolics and FcRn.". Our investments include strategic equity investments in Moderna Therapeutics, Inc., Dicerna Pharmaceuticals, Inc. and Zealand Pharma A/S which are recorded at fair value. Vice President, Investor Relations, We use cookies to give you the best online experience. BOSTON -- (BUSINESS WIRE)--Sep. 17, 2019-- Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced plans for the transition of Executive Vice President and Chief Financial Officer Paul Clancy later this year. Alexion's (ALXN) shares decline, following the news of the departure of its current chief financial officer, Paul Clancy. 25, 2019-- Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the first quarter of 2019. Alexion currently carries a Zacks Rank #2 (Buy). Aradhana Sarin — Executive Vice President and Chief Financial Officer. Shares of Alexion Pharmaceuticals, Inc. ALXN were down 4.5% after it announced the departure of its current chief financial officer, Paul Clancy, later this year. Corporate Participants: Morgan Sanford — Director of Investor Relations. ALXN | Complete Alexion Pharmaceuticals Inc. stock news by MarketWatch. The following slide deck was published by Alexion Pharmaceuticals, Inc. He will be succeeded by Aradhana Sarin, M.D., who is currently the Chief Strategy and Business Officer. Logo of jester cap with thought bubble. Further information on disclosure can be found here . This website is intended only for residents of the United States. Financial contributions to UK and Irish PAOs from 2015 – 2019 Image source: The Motley Fool. Shares stayed within the bounds of a consolidation with a buy point at 140.87. Total revenues in the second quarter were $1,203.3 million, a 15 percent increase compared to the same period in 2018. In 2019, six executives at Alexion Pharmaceuticals received on average a compensation package of … Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the second quarter of 2019. Alexion is a global biopharmaceutical company focused on serving patients and families affected by rare diseases through the discovery, development and commercialization of life-changing therapies. The deal comes in a week that AstraZeneca said it was conducting further research to confirm whether its COVID-19 vaccine could be 90% … In addition to financial information prepared in accordance with GAAP, this press release also contains non-GAAP financial measures that Alexion believes, when considered together with the GAAP information, provide investors and management with supplemental information relating to performance, trends and prospects that promote a more complete understanding of our operating results and financial position during different periods. Alexion Pharmaceuticals, Inc. ALXN posted fourth-quarter 2019 adjusted earnings of $2.71 per share, which improved 26.6% from the year-ago quarter’s $2.14. In 2019, we made significant strides in formalizing our CSR commitment. 10, 2019-- Alexion Pharmaceuticals (Nasdaq:ALXN) today announced that the Company will report its financial results for the second quarter ended June 30, 2019 before the US financial markets open on July 24, 2019. On […] The company also has offices around the globe and serves patients in more than 50 countries.
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