Use the PitchBook Platform to explore the full profile. Alexion and Achillion have not yet […] Pending Acquisition of Achillion by Alexion. In Wednesday’s … Read ACHN - Achillion Pharmaceuticals ... As of December 31, 2020, the fair value of the contingent consideration for the Achillion acquisition was $210.6 based on the probability-weighted cash flows, discounted using a cost of debt ranging from 2.8% to 3.3%. The stocks were moving in … Achillion Pharmaceuticals, Inc. Investigation We are investigating possible breaches of fiduciary duty and other violations of law by the Board of Achillion Pharmaceuticals, Inc. (“ACHN” or the “Company”) (NASDAQ: ACHN) in connection with the proposed acquisition of the Company by Alexion Pharmaceuticals, Inc. (“ALXN”) (NASDAQ: ALXN). As per the terms of the acquisition, Alexion is offering $6.30 for each share of Achillion. Alexion’s share loses more than 5% to $99.51. Alexion Pharmaceuticals (NASDAQ:ALXN) executed the acquisition of biotech Achillion Pharmaceuticals Inc (NASDAQ:ACHN). Agreement and Plan of Merger . Achillion Pharmaceuticals announced that its shareholders have approved the acquisition of Achillion by Alexion Pharmaceuticals. Alexion Pharmaceuticals Inc. announced Tuesday that it has completed its $930 million acquisition of Achillion Pharmaceuticals. Aspects of the Deal As part of the acquisition, Alexion will also be acquiring the cash currently on Achillion's balance sheet, which is approximately $230 million as of September 30, 2019. EX-2.1 from 8-K 122 pages Agreement and Plan of Merger Dated as of October 15, 2019 Among Achillion Pharmaceuticals, Inc., Alexion Pharmaceuticals, Inc., and Beagle Merger Sub, Inc. 12/34/56. On October 15, 2019, Achillion Pharmaceuticals, Inc., a Delaware corporation (“Achillion”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Alexion Pharmaceuticals, Inc., a Delaware corporation (“Alexion”), and Beagle Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Alexion (“Merger Subsidiary”). ACHN stock is one of the top performing biotech stocks so far in 2019. Alexion Pharmaceuticals will acquire New Haven-based pharmaceutical company Achillion Pharmaceuticals for an anticipated $930 million, the companies announced last week. Achillion Pharmaceuticals, Inc. (ACHN), a clinical-stage biopharmaceutical company dedicated to transforming the lives of patients and families affected by complement-mediated diseases, today announced that its shareholders have approved the acquisition of Achillion by Alexion Pharmaceuticals, Inc. (ALXN). ... Achillion Pharmaceuticals, Inc. Achillion shareholders overwhelmingly approved the merger just before Christmas. Achillion continues to expect the transaction to close in the first half of 2020, subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Form SC 13G Achillion Pharmaceuticals Inc Statement of acquisition of beneficial ownership by individuals. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced it has completed its acquisition of Achillion Pharmaceuticals, Inc. Alexion Pharmaceuticals announced that it would acquire Achillion Pharmaceuticals for about $930 million. Special Meeting . According to the agreement, ACHN will receive a $930 million up front payment, which works out to a per share value of $6.30. The U.S. Federal Trade Commission greenlighted the deal last week, granting an early termination of the 30-day waiting period set by federal antitrust laws. BOSTON--(BUSINESS WIRE)--Jan 28, 2020--Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced it has completed its acquisition of Achillion Pharmaceuticals, Inc. Special Meeting Rules of Conduct for Meeting Proxy and Proxy Supplement Achillion Voting Procedures Special Meeting Agenda SEC.report. The two companies develop rare-disease therapeutics that target a specific immune pathway called the complement system. Shares of Achillion Pharmaceuticals (NASDAQ:ACHN) are up over 115% since early January amid several key clinical updates. Plans of Reorganization, Merger, Acquisition or Similar Filter. Buying Achillion Pharmaceuticals [NASDAQ: ACHN] may help, but any acquisition opens the company up to the potential for failure. Item 1(b). When Merck acquired Idenix in early June for its nucleotide NS5B polymerase inhibitor, investors anticipated Achillion would soon also be acquired. Under the terms of the agreement, ALXN will acquire ACHN. Alexion will need to integrate Achillion into its operations and leverage its technology effectively enough to develop revenue from those products. The big merger and acquisition (M&A) wave in biotech industry continues. We will hold the Special Meeting on December 19, 2019, at 9:00 a.m., Eastern time, at The Union League, 140 South Broad Street, Philadelphia, Pennsylvania 19102. Shares of Achillion Pharmaceuticals traded much higher after the firm reported that it has agreed to be acquired by Alexion Pharmaceuticals for $930 million, or $6.30 per share in cash, along with the potential for an additional $2 per share if certain other … ACHILLION PHARMACEUTICALS INC. Form SC 13G (Subject) SEC.report. Ultimately, the acquisition will give Alexion Pharmaceuticals access to Achillion’s two clinical stage development programs, ACH-4471 and ACH-5528. Alexion to acquire Achillion Pharmaceuticals for $930M In a conference call with analysts, Alexion CEO Ludwig Hantson said the deal was about patients rather than a … The acquisition adds two clinical-stage oral small molecule Factor D inhibitors to Alexion’s pipeline and provides the foundation and expertise for a broader oral Factor D inhibition development platform with the potential … Alexion and Achillion expect to complete the acquisition in the first half of … Alexion Pharmaceuticals today announced a $930 million takeover of Achillion Pharmaceuticals to expand its research pipeline targeting rare immunological disorders. Terms of Alexion acquisition of Achillion. BOSTON--(BUSINESS WIRE)-- Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced it has completed its acquisition of Achillion Pharmaceuticals, Inc.The acquisition adds two clinical-stage oral small molecule Factor D inhibitors to Alexion’s pipeline and provides the foundation and expertise for a broader oral Factor D inhibition development platform with the potential to treat … Information on acquisition, funding, cap tables, investors, and executives for Achillion. Alexion Pharmaceuticals, Inc. today announced it has completed its acquisition of Achillion Pharmaceuticals, Inc. Alexion has struck a deal to buy Achillion for $930 million upfront. The Achillion acquisition still needs shareholder and regulatory approval. Alexion Pharmaceuticals reached a deal to acquire Achillion Pharmaceuticals for $930 million, pending Achillion shareholder and regulatory approval. The company announced that it has entered a definitive agreement to acquire a clinical-stage biopharmaceutical company, Achillion Pharmaceuticals, Inc. ACHN, for $930 million. Due to their similar drug development pipeline, the acquisition is expected to … Foley Hoag LLP assisted Alexion Pharmaceuticals Inc in the transaction. BioPharma. The deal also has scope for additional consideration through non-tradeable contingent value rights (CVRs), which will be paid to Achillion’s shareholders subject to meeting of certain clinical and regulatory milestones within specified time periods. The initial consideration of approximately $930 million, or $6.30 per share of Achillion common stock, will be funded with cash on hand.
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