astrazeneca acquisition alexion

AstraZeneca fended off a takeover bid from Pfizer Inc. about six years ago. AstraZeneca stock tumbled Monday after the pharmaceutical giant announced its $39 billion plan to acquire rare-diseases biotech company Alexion Pharmaceuticals ().. X. Since taking over in 2012 he has pushed the U.K. drugmaker further into lucrative areas such as oncology. AstraZeneca fended off a takeover bid from Pfizer Inc. about six years ago. AstraZeneca's acquisition of Alexion, with its strong commercial portfolio and robust pipeline, will support its long-term ambition to develop novel medicines in areas of immunology with high unmet medical needs. Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares per Alexion share, the company said. Snapping up drugmakers that focus on more exotic diseases has been a frequently used way for larger pharmaceutical companies to purchase sales growth in recent years. AstraZeneca was on the hunt for acquisitions earlier this year and made a preliminary approach to Gilead Sciences Inc., Bloomberg reported in June. Alexion shareholders could hold out for $200 per share or seek a higher cash portion, he said. Alexion achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth). Activist investors Elliott Management Corp. opposed a deal the company struck earlier this year to acquire Portola Pharmaceuticals, saying the transaction didn’t make strategic sense and didn’t fit with Alexion’s focus on rare diseases. Big pharma’s pivot to rare diseases continues as AstraZeneca (NASDAQ:AZN) acquires Alexion Pharmaceuticals (NASDAQ:ALXN) in a deal worth $39B. More recently, Alexion launched Ultomiris, another monoclonal antibody. With the drop in AstraZeneca’s shares on Monday, the value of the cash-and-stock deal slipped to … Alexion shareholders will get $60 in cash and 2.1243 AstraZeneca American Depositary Shares (ADS), with each ADS worth half of an ordinary AstraZeneca share. Analysts had long considered Alexion a prime target for a big acquisition. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. Alexion would pay AstraZeneca a fee of up to $1.2 billion if it completes a deal with another buyer. AstraZeneca's facilities in Sodertalje, Sweden. AstraZeneca signaled its intent to expand into rare disease drug development and grow into an immunology leader on Saturday when it announced plans to acquire Alexion … If biology isn't really your thing, an overactive complement system might not sound … AstraZeneca, along with the University of Oxford, has also developed a Covid-19 vaccine that’s shown effectiveness in large trials, despite questions around the study results. Alexion has an … Bank of America Corp. worked with Alexion. (Bloomberg) -- AstraZeneca Plc agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares, adding a specialist in treatments for rare diseases and immunology to its portfolio of medications for cancer and other illnesses. AstraZeneca announced it is acquiring Alexion Pharmaceuticals for $39 billion. Buying Alexion allows AstraZeneca to significantly expand and diversify their cash-flows in the short-term. Big pharma’s pivot to rare diseases continues as AstraZeneca (NASDAQ:AZN) acquires Alexion Pharmaceuticals (NASDAQ:ALXN) in a deal worth $39B. The acquisition price for Boston-based Alexion is set to total approximately $39 billion, or $175 per share, according to a news release. AstraZeneca PLC (NASDAQ:AZN) AstraZeneca to acquire Alexion Conference Call December 12, 2020 9:00 AM ET. Sign up here. The combined companies should have a dozen blockbuster drugs -- those with more than $1 billion in sales -- by 2023, up from nine as of 2019, Chief Financial Officer Marc Dunoyer said on a call. AstraZeneca on Saturday said it would acquire Alexion Pharmaceuticals for $39 billion. The Alexion acquisition also underlines its expansion plans. AstraZeneca Plc agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares, adding a specialist in the treatment of rare diseases and immunology to its portfolio of medications for cancer and other illnesses. Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday. Webinar and conference call for investors and analysts took place on Saturday 12 December 2020 14:00 GMT. Snapping up drugmakers that focus on them has been a popular way for larger pharmaceutical companies to purchase sales growth in recent years. AstraZeneca has a portfolio of products for major diseases including oncology, cardiovascular, gastrointestinal, infection, neuroscience, respiratory and inflammation areas.. Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday. “It’s an important step in the history of the company,” Soriot said on a call with reporters. Acquiring Alexion would bolster AstraZeneca in areas such as the treatment of blood disorders, building on Chief Executive Officer Pascal Soriot’s turnaround. The acquisition would position AstraZeneca in immunology and the development of medicines for immune-mediated diseases. The acquisition would position AstraZeneca in immunology and the development of medicines for immune-mediated diseases. The company could use the cash from the stake sale to develop its own drugs and complete its $39 billion acquisition of Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN). Presentation. AstraZeneca said Alexion will give it a foothold in the lucrative field of rare-disease drugs and help fuel revenue and cash flow in the coming years. Bank of America Corp. worked with Alexion. The deal will add to earnings immediately, with annual synergies of about $500 million projected three years after completion, the company said. Monoclonal antibodies have garnered more attention of late because two such drugs made by Eli Lilly & Co. and Regeneron Pharmaceuticals Inc. have been given emergency authorization in the U.S. for the treatment of Covid-19. AstraZeneca (), one of the frontrunners in the drugs industry’s search for a COVID-19 vaccine, announced on Saturday that it will acquire US drugmaker Alexion for $39bn (£29.5bn).Under the terms of the transaction, the FTSE 100 firm said that Alexion shareholders will get $60 in cash and about 2.1 from AstraZeneca’s US-listed shares for each Alexion share they own. 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. Ultomiris is a hit. In this video from Motley Fool … Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday. Webcast. The U.K. company will fund the acquisition with a $17.5 billion financing facility from Morgan Stanley, JPMorgan Chase & Co. and Goldman Sachs Group Inc. This acquisition allows us to enhance our presence in immunology,” said Pascal Soriot, CEO of AstraZeneca, in a statement announcing the deal. Further, its P/E, while still high, is not the highest among FTSE 100 stocks that did well in 2020. AstraZeneca shares have risen 7 percent this year and almost 70 percent over the past three years for a market value of $142 billion. Under the terms of the definitive agreement, Alexion … The company announced plans in April to conduct late-stage tests of that drug in severely ill patients with Covid. Pascal Soriot - CEO, AstraZeneca. Monoclonal antibodies like Alexion’s Soliris have garnered more attention of late because two such drugs made by Eli Lilly & Co. and Regeneron Pharmaceuticals Inc. have been given emergency authorization in the US for the treatment of Covid-19. “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. Astra was on the hunt for acquisitions earlier this year when it had preliminary discussions with Gilead Sciences Inc., Bloomberg reported in June. Halper Sadeh LLP may … Nick Stone - IR, AstraZeneca. The acquisition … AstraZeneca shares tumbled about 8% after announcing its imminent acquisition of Alexion as analysts hoping for a more forward-looking investment expressed their … This acquisition moves AstraZeneca’s focus away from their recent direction of cancer treatment and allows the company to broaden their portfolio to encompass the attractive area of rare diseases. The offer values Alexion at $175 a share, a 45% premium to the closing price on Friday. AstraZeneca’s EU Vaccine Woes Deepens on Clots, Nationalism, Goldman CEO’s Year of Empty Offices, Island Getaways and Strife, Norway Reports Three Blood Clot Cases After AstraZeneca Shot, Banned from Bitcoin Posts, WallStreetBets Turns to Crypto Miners, Bitcoin Hits Another Record and Leaves Other Asset Classes Trailing. For AstraZeneca, the acquisition is a major shift, catapulting the British pharma giant to the upper ranks of rare disease drugmaking. "Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases,” said Pascal Soriot, chief executive of AstraZeneca. There are no plans for a major reduction in employment, Soriot said. If the acquisition gets all needed regulatory clearances, as well as approvals by the shareholders of both companies, the deal is expected to be finalized in the third quarter of 2021. The new acquisition of AstraZeneca is likely to complete by the third quarter of 2021. Alexion shareholders will be paid $60 USD per share in cash, as well as 2.1243 AstraZeneca American Depositary Shares (ADSs), amounting to a total consideration […] The current deal includes a fee of $1.2 billon if Alexion agrees to sell itself to another bidder, while AstraZeneca faces a $1.4 billion breakup penalty. “It’s an important step in the history of the company,” Soriot said on a call with reporters. AstraZeneca said it intends to establish its headquarters for rare diseases in Boston. High-priced medicines for exotic diseases can generate billions in sales from a relatively small group of patients. AstraZeneca has long been a leader in treatments for respiratory disease, but sales have stagnated. Before it's here, it's on the Bloomberg Terminal. In the sale to AstraZeneca, Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares for each Alexion share, the U.K. company said in a press release Saturday. ; Subject to … AstraZeneca buying drug developer Alexion for $39 billion "This acquisition allows us to enhance our presence in immunology," AstraZeneca CEO Pascal Soriot said in a statement. AstraZeneca has agreed to acquire Alexion Pharmaceuticals, a Boston-based biopharmaceutical company focused on rare diseases, for $39 billion. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. PDF 3,819KB AstraZeneca to acquire Alexion, accelerating the Company's strategic and financial development The acquisition is one of the largest deals of the year for the drug industry and would expand AstraZeneca's reach in rare diseases. (Reporting by Aishwarya Nair in Bengaluru; Editing by Toby Chopra) Alexion has been on an acquisition spree since 2018, snapping up four smaller drugmakers for a total of $4 billion. The current deal includes a fee of $1.2 billon if Alexion agrees to sell itself to another bidder, while AstraZeneca faces a $1.4 billion breakup penalty. It would be the largest deal for AstraZeneca since it was founded in a 1999 combination of British and Swedish companies, entrenching its position among the world’s 10 biggest drugmakers. Company Participants. Earlier this month, AstraZeneca announced plans to acquire rare-disease expert Alexion (NASDAQ:ALXN) for $39 billion. Company Participants. In your inbox before the open, every day. Alexion has an … Alexion surged 31% to $158.73 as of 12:54 p.m. in New York. AstraZeneca’s decision to acquire Alexion Pharmaceuticals was based on its desire to boost its rare-disease drug pipeline and capitalize on the biotech space in the Boston area. Projections suggest AstraZeneca will benefit from a $6bn revenue boost from the acquisition, and the drugmaker expects that figure to grow by 9% a year through to 2023. Earlier this month, AstraZeneca announced plans to acquire rare-disease expert Alexion (NASDAQ:ALXN) for $39 billion. BY Fraser Tennant In one of the year’s largest drug mergers, multinational pharmaceutical and biopharmaceutical company AstraZeneca is to acquire US biopharmaceutical company Alexion Pharmaceuticals, Inc. in a transaction valued at $39bn. “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. More recently, Alexion launched Ultomiris, another monoclonal antibody. Soliris had about $4 billion in 2019 revenue. Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to AstraZeneca PLC for $60.00 in cash and 2.1243 AstraZeneca American Depositary Shares for each Alexion share. The offer values Alexion at $175 a share, a 45 percent premium to the closing price on Friday. Acquiring Alexion would bolster AstraZeneca in areas such as the treatment of blood disorders, building on Chief Executive Officer Pascal Soriot’s turnaround. AstraZeneca's acquisition of Alexion, with its strong commercial portfolio and robust pipeline, will support its long-term ambition to develop novel medicines in areas of immunology with high unmet medical needs. AstraZeneca, along with the University of Oxford, has also developed a Covid-19 vaccine that’s shown effectiveness in large trials, despite questions around the study results. “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. Want the lowdown on European markets? The deal is subject to approval by shareholders and regulators. Projections suggest AstraZeneca will benefit from a $6bn revenue boost from the acquisition, and the drugmaker expects that figure to grow by 9% a year through to 2023. So when AstraZeneca's offer valued the biotech's shares at $175 apiece, some couldn't help but wonder if Alexion had left money on the table, even though that price is higher than what the stock has traded at over the last several years. Under the terms of the deal, Alexion shareholders will get $60 in cash and 2.1243 of AstraZeneca's American depository shares for each Alexion share.

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