Alexion Pharmaceuticals annual net income for 2020 was $0.603B, a 74.9% decline from 2019. Jan 30,2020 | Chugai Announces 2019 Full Year Results and Forecasts for 2020 | News | CHUGAI PHARMACEUTICAL CO., LTD. STERIS To Participate in Upcoming Investor Conferences | STERIS plc, Allergan Aesthetics Launches Dedicated Multi-Channel Campaign To Contact Patients Who May Not Be Aware Of The BIOCELL® Recall And To Improve Tracking Information For U.S. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Net product sales $ 1,444.6 $ 1,140.2 Other revenue 0.2 … As a percent of revenue: R&D 19% to 20% GAAP or 16% to 17% non GAAP. 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This press release contains forward-looking statements, including statements related to: guidance regarding anticipated financial results for 2020 (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; 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, including clinical programs for ULTOMIRIS in aHUS, NMOSD, HSCT-TMA, ALS, PNH, gMG, PPMS, a subcutaneous administration in PNH and aHUS, a higher concentration formulation of ULTOMIRIS, SOLIRIS in NMOSD and gMG, ALXN1840 in Wilson Disease, CAEL-101 in light chain (AL) amyloidosis, AG10 in ATTR-PN, danicopan in C3G and PNH patients with EVH, ACH-5228 for PNH and for ALXN1830 in WAIHA and gMG; potential benefits of current products and products under development and in clinical trials; plans for development programs with third parties including, Eidos, Affibody, Dicerna, Zealand, and Complement Pharma; the potential to treat a broad range of complement mediated diseases with the products to be developed with Zealand and Dicerna and the potential advantages of novel peptide therapies; the potential for the anti-eotaxin-1 antibody from Immune Pharma to treat inflammatory diseases; the potential for CP010 to treat multiple neurological disorders; and Alexion’s future clinical, regulatory, and commercial plans for ULTOMIRIS and other products and product candidates. ; Alexion Pharmaceuticals total assets for 2020 were $18.103B, a 3.18% increase from 2019. The results also topped the Street view. At the time Proliferon's annual revenue was about $2.5 million and its assets were valued at $2.1 million. 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 medicines. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Non-GAAP diluted EPS for the fourth quarter of 2019 was $2.71, a 27 percent increase versus the fourth quarter of 2018. Where are Alexion Pharmaceuticals … Alexion Pharmaceuticals annual/quarterly revenue history and growth rate from 2006 to 2020. Conference Highlights: Top 1000 Companies Ranked by Revenue – in Multiple Sectors & Countries. (7) Alexion’s non-GAAP income tax expense for the three and twelve months ended December 31, 2019 and 2018 excludes the tax effect of pre-tax adjustments to GAAP profit. (6) In December 2019, we amended the terms of our agreement with Caelum Biosciences (Caelum) with respect to the option to acquire the remaining equity in Caelum. TABLE 3: RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL GUIDANCE, (in millions, except per share amounts and percentages), Gains and losses related to strategic equity investments, Diluted non-GAAP earnings per common share, Operating expense and margin (% total revenues), Non-GAAP research and development expense, GAAP selling, general and administrative expense, Non-GAAP selling, general and administrative expense, Income tax expense (% of income before income taxes), Tax effect of pre-tax adjustments to GAAP net income. Alexion Pharmaceuticals Inc (NASDAQ: ALXN) Q4 2019 Earnings Conference Call January 30, 2020. GAAP diluted EPS was $10.70, inclusive of one-time tax benefits related to intra-entity asset transfers of intellectual property, compared to $0.35 in 2018, inclusive of $1,183.0 million of expense related to the value of the in-process research and development assets acquired in 2018. KANUMA net product sales were $34.1 million, compared to $25.7 million in the fourth quarter of 2018, representing a 33 percent increase. Net product sales $ 1,588.3 $ 1,263.1 $ 4,477.4 $ 3,605.8 Other revenue 0.4 SOLIRIS net product sales were $1,013.1 million, compared to $976.7 million in the fourth quarter of 2018, representing a 4 percent increase. In addition, the company is developing several mid-to-late-stage therapies, including a copper-binding agent for Wilson disease, an anti-neonatal Fc receptor (FcRn) antibody for rare Immunoglobulin G (IgG)-mediated diseases and an oral Factor D inhibitor as well as several early-stage therapies, including one for light chain (AL) amyloidosis, a second anti-FcRn therapy, a second oral Factor D inhibitor and a third complement inhibitor. It is the leading industry news source for major companies across a number of industry verticals. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. During the three and twelve months ended December 31, 2019, we recognized a net gain of $19.7 million and $32.8 million in investment income, respectively, relating to our Moderna investment. Revenue of $494,600,000 rose by 120.51% from the same period last year, which beat the estimate of $443,100,000. Non-GAAP cost of sales was $110.8 million, compared to $93.0 million in the fourth quarter of 2018. Please refer to the attached Reconciliations of GAAP to non-GAAP Financial Results and GAAP to non-GAAP 2020 Financial Guidance for explanations of the amounts adjusted to arrive at non-GAAP net income and non-GAAP earnings per share amounts for the three and twelve month periods ended December 31, 2019 and 2018 and projected twelve months ending December 31, 2020. We received $114.7 million in net proceeds, resulting in a realized gain of $77.2 million on our initial investment. Alexion Pharmaceuticals (Nasdaq: ALXN) reported strong results for the second quarter of 2019. GAAP cost of sales was $394.5 million, compared to $374.3 million in 2018. The midpoint of … For the twelve months ended December 31, 2018, the change in the fair value of contingent consideration expense was primarily due to amending certain contingent milestone payments due under our prior merger agreement with Enobia Pharma Corp. in September 2018 as well as due to increases in the likelihood and anticipated timing of payments for contingent consideration. Non-GAAP income tax expense for the three and twelve months ended December 31, 2019 excludes a one-time tax benefit of $382.2 million related to the intra-entity asset transfer of intellectual property within our captive foreign partnership. The company has since been renamed Alexion Antibody Technologies Inc. (1) The following table summarizes the total restructuring and related expenses recorded by type of activity and the classification within the Reconciliation of GAAP to non-GAAP Financial Results: (2) During the three months ended December 31, 2019, we recorded expense of $27.1 million in connection with upfront payments on strategic agreements that we entered into with Stealth BioTherapeutics Corp. (Stealth) and Immune Pharmaceuticals (Immune Pharma). The negative impact of foreign currency on total revenues year-over-year was 1 percent, or $45.1 million, inclusive of hedging activities. Need Data? TABLE 1: CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Acquired in-process research and development, Amortization of purchased intangible assets, Change in fair value of contingent consideration, Shares used in computing earnings (loss) per common share, TABLE 2: RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS, Upfront payments related to licenses and other strategic agreements (2). Alexion Pharmaceuticals, Inc (NASDAQ: ALXN) | 2019 Annual Report. Foreign Secretary statement on radical changes to Hong Kong’s electoral system. These cookies do not store any personal information. In addition, Alexion has two highly innovative enzyme replacement therapies for patients with life-threatening and ultra-rare metabolic disorders, hypophosphatasia (HPP) and lysosomal acid lipase deficiency (LAL-D). Selling, general and administrative expense: Acquired in-process research and development (3), Change in fair value of contingent consideration (4), (Gains) and losses related to strategic equity investments (5), GAAP earnings (loss) per common share – diluted, Non-GAAP earnings per common share – diluted, Shares used in computing diluted earnings (loss) per common share (GAAP), Shares used in computing diluted earnings per common share (non-GAAP). Alexion Pharmaceuticals, Inc. is a global biopharmaceutical company focused on serving patients and families affected by rare diseases through the innovation, development and commercialization of life-changing therapies. BOSTON--(BUSINESS WIRE)--Jul. Alexion is the global leader in complement inhibition and has developed and commercializes the first and only approved complement inhibitor to treat patients with paroxysmal nocturnal hemoglobinuria (PNH), atypical hemolytic uremic syndrome (aHUS), and anti-acetylcholine receptor (AchR) antibody-positive generalized myasthenia gravis (gMG). 2019 ANNUAL REPORT. Company News HQ is a global business news portal. 2019 ANNUAL REPORT. Full year 2019 revenue between $4,675 and $4,750 million. Total assets can be defined as the sum of all assets on a company's balance sheet. The non-GAAP results, determined in accordance with our internal policies, 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 other strategic agreements, acquired in-process research and development, impairment of purchased intangible assets, gains and losses related to strategic equity investments, litigation charges, gain or loss on sale of a business or asset, gain or loss related to purchase options, contingent milestone payments associated with acquisitions of legal entities accounted for as asset acquisitions, acquisition-related costs and certain adjustments to income tax expense. BOSTON–(BUSINESS WIRE)–Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the fourth quarter and full year of 2019.Total revenues for the full year of 2019 were $4,991.1 million, a 21 percent increase compared to 2018. Non-GAAP income tax expense for the three and twelve months ended December 31, 2018 excludes adjustments to provisional estimates of the impact of Tax Cuts and Jobs Act we recorded in fourth quarter 2017. DOWNLOADS. © 2020 Alexion. Our key achievements include establishing ULTOMIRIS as the market leader in PNH within the first year of launch, expanding our C5 portfolio to make neurology our largest franchise in the U.S., and further diversifying our pipeline with seven business development deals adding five clinical-stage assets to our portfolio,” said Ludwig Hantson, Ph.D., Chief Executive Officer of Alexion. Outlook Earnings guidance hasn't been issued by the company for now. (1) Represents contingent milestone payments associated with acquisitions of legal entities accounted for as asset acquisitions. Alexion Pharmaceuticals revenue for the twelve months ending December 31, 2020 was … ALEXION PHARMACEUTICALS, INC. TABLE 1: CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share amounts) (unaudited) Three months ended March 31, 2020 2019. Alexion also has two highly innovative enzyme replacement therapies for patients with life-threatening and ultra-rare metabolic disorders, hypophosphatasia (HPP) and lysosomal acid lipase deficiency (LAL-D). John Orloff — Executive Vice President and Head of Research & Development Company Participants. GAAP R&D expense was $269.6 million, compared to $205.6 million in the fourth quarter of 2018. This category only includes cookies that ensures basic functionalities and security features of the website. Today is #EmployeeAppreciationDay and we are deeply grateful for the dedication and resilience of our 3,000+ employees worldwide. Total revenues in the fourth quarter were $1,384.3 million, a 23 percent increase compared to the same period in 2018. Alexion Pharmaceuticals Inc (NASDAQ:ALXN) Q3 2019 Results Earnings Conference Call October 23, 2019 08:00 A.M. GAAP diluted EPS was $4.00, inclusive of one-time tax benefits related to intra-entity asset transfers of intellectual property in the fourth quarter of 2019, compared to $(0.20) in the fourth quarter of 2018, inclusive of $379.3 million of expense related to the value of the in-process research and development asset acquired in connection with our acquisition of Syntimmune. ULTOMIRIS net product sales were $170.2 million in the fourth quarter of 2019. During the twelve months ended December 31, 2019, we recorded expense of $103.4 million in connection with upfront payments on strategic agreements that we entered into with Stealth, Immune Pharma, Eidos Therapeutics, Inc., Affibody AB and Zealand Pharma A/S. The company revised up its full-year revenue guidance and the stock gained sharply during the premarket session. In addition, we capitalized $326.1 million and $255.3 million of right of use assets and lease liabilities, respectively, within our condensed consolidated balance sheet upon adoption. We also use third-party cookies that help us analyze and understand how you use this website. Net product sales were $1,384.2 million in the fourth quarter of 2019, compared to $1,128.5 million in the fourth quarter of 2018. Upon adoption of the new lease standard, we derecognized $472.8 million of property, plant and equipment and other assets and $372.2 million of facility lease obligations associated with previously existing build-to-suit arrangements which resulted in a decrease of $90.3 million to retained earnings, net of tax. (4) Changes in the fair value of contingent consideration expense for the three and twelve months ended December 31, 2019 as well as the three months ended December 31, 2018 include the impact of changes in the expected timing of achieving contingent milestones, in addition to the interest component related to the passage of time. Non-GAAP income tax expense for the twelve months ended December 31, 2019 also excludes certain one-time tax benefits of $95.7 million and $30.3 million associated with a tax election made with respect to intellectual property of Wilson and a release of an existing valuation allowance, respectively, and excludes a one-time tax expense of $10.2 million related to the July 1, 2019 integration of Wilson intellectual property into the Alexion corporate structure. Alexion Pharmaceuticals 2020 annual EBITDA was $3.015B, a 20.74% increase from 2019. Ron DeSantis vows state will not lock down despite Biden’s warning in address. (3) During the second and fourth quarters of 2018, we completed the acquisitions of Wilson Therapeutics AB (Wilson) and Syntimmune, Inc. (Syntimmune), respectively. Please check your download folder. GAAP SG&A expense was $1,261.1 million, compared to $1,111.8 million in 2018. 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. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Current and historical p/e ratio for Alexion Pharmaceuticals (ALXN) from 2006 to 2020. (1) In February 2016, the Financial Accounting Standards Board issued a new standard that requires lessees to recognize leases on-balance sheet. Find detailed stats on Alexion Pharmaceuticals revenue on Craft. Craft can deliver 250+ data points of financial, operating, and human capital indicators on companies via API. Alexion@AlexionPharma2 days ago. In connection with the agreement of the final working capital adjustment for the Syntimmune acquisition, we recognized a benefit of $4.1 million associated with previously acquired in-process research and development in the second quarter of 2019. Necessary cookies are absolutely essential for the website to function properly. Alexion Pharmaceuticals's revenue hit its five-year low in December 2015 of $2.604 billion. On a GAAP basis, diluted EPS for the full year of 2019 was $10.70, inclusive of one-time tax benefits related to intra-entity asset transfers of intellectual property, compared to $0.35 in the prior year, inclusive of $1,183.0 million of expense related to the value of the in-process research and development assets acquired in 2018. 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TABLE 5: CONDENSED CONSOLIDATED BALANCE SHEETS, Prepaid expenses and other current assets (1), Current portion of contingent consideration, Total liabilities and stockholders’ equity. Non-GAAP cost of sales was $380.3 million, compared to $352.5 million in 2018. “I am confident we are well positioned for the future and will build on our momentum in 2020, with a continued focus on delivering long-term shareholder value by advancing our mission of developing and delivering transformative medicines for people with rare diseases.”. Updated guidance includes the financial impact of the recently announced agreement to acquire Achillion, which closed in January 2020. Where is Alexion Pharmaceuticals headquarters? During the three and twelve months ended December 31, 2018, we recognized unrealized gains of $57.7 million and $43.1 million, respectively, in investment income to adjust our strategic equity investments to fair value. The December 31, 2019 condensed consolidated balance sheet is presented under the new standard, while the December 31, 2018 condensed consolidated balance sheet is not adjusted and continues to be reported under the accounting standards in effect for that period. GAAP SG&A expense was $381.0 million, compared to $318.7 million in the fourth quarter of 2018. Looking back at the last five years, Alexion Pharmaceuticals's revenue peaked in March 2020 at $5.295 billion. Alexion Pharmaceuticals Inc (NASDAQ:ALXN) Q4 2019 Earnings Conference Call January 30, 2020 7:30 AM ET. Alexion will host a conference call/audio webcast to discuss the fourth quarter and full-year 2019 results today at 7:30 a.m. Eastern Time. Alexion Pharmaceutical’s total revenue, as in the figure below, has grown from US$ 4,131.2 million in 2018 to US$ 4,991.1 million in 2019, with a total growth of approximately 20.81%. Ludwig Hantson — Chief Executive Officer. Alexion Pharmaceuticals 2019 annual EBITDA was $2.497B, a … Want to share your news with your industry? A replay of the call will be available for a limited period following the call. 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) and atypical hemolytic uremic syndrome (aHUS), as well as the first and only approved complement inhibitor to treat anti-acetylcholine receptor (AchR) antibody-positive generalized myasthenia gravis (gMG) and neuromyelitis optica spectrum disorder (NMOSD). The 2020 GAAP and non-GAAP tax rates do not benefit from one-time events that benefited the tax rates in 2019. The acquisitions were both accounted for as asset acquisitions, as substantially all of the fair value of the gross assets acquired were concentrated in a single asset. You also have the option to opt-out of these cookies. Alexion is a global biopharmaceutical company focused on developing life-changing therapies for people living with rare … ALEXION PHARMACEUTICALS, INC. TABLE 1: CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share amounts) (unaudited) Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019. Alexion Pharmaceuticals total assets for the quarter ending December 31, 2020 were $18.103B, a 3.18% increase year-over-year. Alexion focuses its research efforts on novel molecules and targets in the complement cascade and its development efforts on the core therapeutic areas of hematology, nephrology, neurology, metabolic disorders and cardiology. Non-GAAP diluted EPS was $2.71, compared to $2.14 in the fourth quarter of 2018. Each plays a critical role in … Susan Altschuller - Vice President of Investor Relations. On a GAAP basis, diluted EPS in the quarter was $4.00, inclusive of one-time tax benefits related to intra-entity asset transfers of intellectual property, compared to $(0.20) in the prior year, inclusive of $379.3 million of expense related to the value of the in-process research and development asset acquired in connection with our acquisition of Syntimmune in the fourth quarter of 2018. Non-GAAP R&D expense was $226.7 million, compared to $164.0 million in the fourth quarter of 2018. In conjunction with this amendment, we recognized a gain of $32.0 million in other income and (expense), which reflects an increase in the fair value of the option, less incremental upfront funding and the change in the fair value of contingent payments which we also modified as part of the amendment. Alexion Pharmaceuticals EBITDA for the twelve months ending December 31, 2020 was $3.015B, a 20.74% increase year-over-year.
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