AstraZeneca shares have risen 7% this year and almost 70% over the past three years for a market value of 107 billion pounds ($142 billion). The acquisition is expected to close in the third quarter of 2021 and Alexion shareholders would own 15 percent of the combined companies. Alexion has an … Presentation. 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. AstraZeneca has agreed to acquire Alexion Pharmaceuticals, a Boston-based biopharmaceutical company focused on rare diseases, for $39 billion. AstraZeneca will fund the acquisition with a $17.5 billion financing facility from Morgan Stanley, JPMorgan Chase & Co. and Goldman Sachs Group Inc. Alexion has an … The cash and stock deal, the largest in AstraZeneca’s AZN, -0.93% history, values Alexion ALXN, -0.59% at $175 per share and has been agreed upon by the boards of directors of both companies. Alexion has been pressured in the past to put itself on the block. With the drop in AstraZeneca’s shares on Monday, the value of the cash-and-stock deal slipped to around $168 a share from an initial $175. Have a confidential tip for our reporters? 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. Alexion has specialized in developing drugs that selectively inhibit immune factors to fight diseases that involve the body’s protective system. 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. Alexion achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth). AstraZeneca stock tumbled Monday after the pharmaceutical giant announced its $39 billion plan to acquire rare-diseases biotech company Alexion Pharmaceuticals ().. X. 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 was on the hunt for acquisitions earlier this year and made a preliminary approach to Gilead Sciences Inc., Bloomberg reported in June. Of course, AstraZeneca is hoping to close its acquisition of Alexion (NASDAQ: ALXN) in the not-too-distant future. 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 shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares per Alexion share, the company said. Evercore Partners International LLP and Centerview Partners UK LLP are Astra’s lead financial advisers. Since taking over in 2012 he has pushed the U.K. drugmaker further into lucrative areas such as oncology. The acquisition is one of the largest deals of the year for the drug industry and would expand AstraZeneca's reach in rare diseases. 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. AstraZeneca, the developer of one of the pharmaceutical industry’s first COVID-19 vaccine, recently announced that it will acquire US-based Alexion for $39 billion.. Alexion chief executive Ludwig Hantson said: “This transaction … Bank of America Corp. worked with Alexion. AstraZeneca, the developer of one of the pharmaceutical industry’s first COVID-19 vaccine, recently announced that it will acquire US-based Alexion for $39 billion.. 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. Buying Alexion allows AstraZeneca to significantly expand and diversify their cash-flows in the short-term. 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). AstraZeneca has a portfolio of products for major diseases including oncology, cardiovascular, gastrointestinal, infection, neuroscience, respiratory and inflammation areas.. “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. Alexion has specialized in developing drugs that selectively inhibit immune factors to fight diseases that involve the body’s protective system. 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. The deal is subject to approval by shareholders and regulators. The deal would give AstraZeneca another toehold in the lucrative business of treating rare disorders, where high-priced medicines can generate billions in sales from a relatively small group of patients. Company Participants. AstraZeneca (NYSE:AZN) announced that it entered into a definitive agreement to acquire Alexion Pharmaceuticals (NSDQ:ALXN), expanding its presence in the rare-disease and immunology drugs space.. AstraZeneca shares tumbled about 8% after announcing its imminent acquisition of Alexion as analysts hoping for a more forward-looking investment expressed their … The acquisition would position AstraZeneca in immunology and the development of medicines for immune-mediated diseases. Big pharma’s pivot to rare diseases continues as AstraZeneca (NASDAQ:AZN) acquires Alexion Pharmaceuticals (NASDAQ:ALXN) in a deal worth $39B. The offer values Alexion at $175 a share, a 45% premium to the closing price on Friday. Soliris, the company’s biggest drug, had about $4 billion in 2019 revenue. AstraZeneca's facilities in Sodertalje, Sweden. “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. Alexion surged 31% to $158.73 as of 12:54 p.m. in New York. Soliris had about $4 billion in 2019 revenue. 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. 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 has been on an acquisition spree since 2018, snapping up four smaller drugmakers for a total of $4 billion. 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. 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. The new acquisition of AstraZeneca is likely to complete by the third quarter of 2021. ; Subject to … That's a pretty expensive deal, I think around 39 billion or so. Deal would add specialist in blood, immune conditions, Alexion holders would keep 15% ownership in combined company, AstraZeneca to Buy Alexion in $39 Billion Deal. 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. Nick Stone - IR, AstraZeneca. Alexion would pay AstraZeneca a fee of up to $1.2 billion if it completes a deal with another buyer. Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday. Alexion achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth). AstraZeneca said it intends to establish its headquarters for rare diseases in Boston. 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. (Reporting by Aishwarya Nair in Bengaluru; Editing by Toby Chopra) 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. Webcast. If you are an Alexion shareholder, click here to learn more about your rights and options. Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday. Snapping up drugmakers that focus on them has been a popular way for larger pharmaceutical companies to purchase sales growth in recent years. The offer values Alexion at $175 a share, a 45 percent premium to the closing price on Friday. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. (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. The Alexion acquisition also underlines its expansion plans. Pascal Soriot - CEO, AstraZeneca. Video. "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. Soliris is a monoclonal antibody approved in several countries for treatment of uncommon immune-related conditions such as paroxysmal nocturnal hemoglobinuria, atypical hemolytic uremic syndrome, generalized myasthenia gravis and neuromyelitis optica spectrum disorder. AstraZeneca announced it is acquiring Alexion Pharmaceuticals for $39 billion. 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 (), 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. AstraZeneca on Saturday said it would acquire Alexion Pharmaceuticals for $39 billion. AstraZeneca has agreed to acquire Alexion Pharmaceuticals, a Boston-based biopharmaceutical company focused on rare diseases, for $39 billion. In this video from Motley Fool … Evercore Partners International LLP and Centerview Partners UK LLP are AstraZeneca’s lead financial advisers. In this video from Motley Fool … Despite the premium, the price is attractive for AstraZeneca, and its agreement with Alexion could draw out other offers, SVB Leerink analyst Geoffrey Porges said in a note. “It’s an important step in the history of the company,” Soriot said on a call with reporters. Alexion had $5.9 billion in sales for the 12 months ending with the third quarter of 2020, with a 24% growth rate, AstraZeneca said. AstraZeneca's facilities in Sodertalje, Sweden. Under the terms of the definitive agreement, Alexion … Alexion achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth). More recently, Alexion launched Ultomiris, another monoclonal antibody. In a chaotic year where healthcare has dominated the headlines, AstraZeneca surprised the market by announcing that they had agreed to acquire Alexion Pharmaceuticals Inc. (Alexion) for $39 billion USD. 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. The deal comes in a week that AstraZeneca said it was conducting further research to confirm whether its COVID-19 vaccine could be 90% … This acquisition allows us to enhance our presence in immunology,” said Pascal Soriot, CEO of AstraZeneca, in a statement announcing the deal. With the drop in AstraZeneca’s shares on Monday, the value of the cash-and-stock deal slipped to … Company Participants. The company announced plans in April to conduct late-stage tests of that drug in severely ill patients with Covid. Specifically, the acquisition is expected to double revenue growth for the large pharmaceutical company through 2025. In your inbox before the open, every day. 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. Updates with analyst comment in 12th and 13th paragraphs. Halper Sadeh LLP may … The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. Earlier this month, AstraZeneca announced plans to acquire rare-disease expert Alexion (NASDAQ:ALXN) for $39 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. AstraZeneca PLC (NASDAQ:AZN) AstraZeneca to acquire Alexion Conference Call December 12, 2020 9:00 AM ET. The company also expects the deal to further globalize Alexion’s portfolio and enhance … In the sale to Astra, 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. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. Nick Stone - IR, AstraZeneca. The acquisition would position AstraZeneca in immunology and the development of medicines for immune-mediated diseases. AstraZeneca shares have risen 7 percent this year and almost 70 percent over the past three years for a market value of $142 billion. Since taking over in 2012 he has pushed the U.K. company further into lucrative areas such as oncology. After unanimous votes by the boards of directors of both companies, AstraZeneca has announced it will acquire Alexion Pharmaceuticals. … AstraZeneca CEO Pascal Soriot pictured above. Earlier this month, AstraZeneca announced plans to acquire rare-disease expert Alexion (NASDAQ:ALXN) for $39 billion. 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. “It’s a tremendous opportunity for us to accelerate our development of immunological” therapies. That's a huge amount of cash that the big drugmaker could use to help finance its $39 billion acquisition of Alexion Pharmaceuticals. AstraZeneca's facilities in Sodertalje, Sweden. “This acquisition allows us to enhance our presence in immunology. The acquisition is one of the largest deals of the year for the drug industry and would expand AstraZeneca's reach in rare diseases. Before it's here, it's on the Bloomberg Terminal. More recently, Alexion launched Ultomiris, another monoclonal antibody. ; 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. Acquiring Alexion would bolster AstraZeneca in areas such as the treatment of blood disorders, building on Chief Executive Officer Pascal Soriot’s turnaround. 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. Alexion would pay AstraZeneca a fee of up to $1.2 billion if it completes a deal with another buyer. Specifically, the acquisition is expected to double revenue growth for … “We believe that in the coming days and weeks the debate about this transaction will center on whether this is enough, and whether other bidders might emerge, rather than whether this was too much,” Porges wrote. Want the lowdown on European markets?
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