Ultomiris is a hit. Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday. The acquisition would position AstraZeneca in immunology and the development of medicines for immune-mediated diseases. Alexion has been pressured in the past to put itself on the block. “It’s a tremendous opportunity for us to accelerate our development of immunological” therapies. 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. Have a confidential tip for our reporters? 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. “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. Big pharma’s pivot to rare diseases continues as AstraZeneca (NASDAQ:AZN) acquires Alexion Pharmaceuticals (NASDAQ:ALXN) in a deal worth $39B. 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. Further, its P/E, while still high, is not the highest among FTSE 100 stocks that did well in 2020. 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. Alexion chief executive Ludwig Hantson said: “This transaction … AstraZeneca PLC (NASDAQ:AZN) AstraZeneca to acquire Alexion Conference Call December 12, 2020 9:00 AM ET. AstraZeneca said it intends to establish its headquarters for rare diseases in Boston. Alexion has been pressured in the past to put itself on the block. “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. AstraZeneca shares have risen 7 percent this year and almost 70 percent over the past three years for a market value of $142 billion. 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. Some utilities are even pricier. AstraZeneca stock tumbled Monday after the pharmaceutical giant announced its $39 billion plan to acquire rare-diseases biotech company Alexion Pharmaceuticals ().. X. The new acquisition of AstraZeneca is likely to complete by the third quarter of 2021. Soliris, the company’s biggest product, is a monoclonal antibody approved in several countries for treatment of immune-related conditions such as paroxysmal nocturnal hemoglobinuria. In this video from Motley Fool … Acquiring Alexion would bolster AstraZeneca in areas such as the treatment of blood disorders, building on Chief Executive Officer Pascal Soriot’s turnaround. More recently, Alexion launched Ultomiris, another monoclonal antibody. Photo courtesy of AstraZeneca. Bank of America Corp. worked with Alexion. 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. 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. AstraZeneca fended off a takeover bid from Pfizer Inc. about six years ago. Soliris, the company’s biggest drug, had about $4 billion in 2019 revenue. The offer values Alexion at $175 a share, a 45% premium to the closing price on Friday. Company Participants. Evercore Partners International LLP and Centerview Partners UK LLP are Astra’s lead financial advisers. A merger of the two would have ranked as the biggest deal ever in the health sector at the time. 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 … Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares per Alexion share, the company said. Updates with analyst comment in 12th and 13th paragraphs. If you are an Alexion shareholder, click here to learn more about your rights and options. Presentation. 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. AstraZeneca to acquire Alexion. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. Nick Stone - IR, AstraZeneca. Specifically, the acquisition is expected to double revenue growth for the large pharmaceutical company through 2025. The company announced plans in April to conduct late-stage tests of that drug in severely ill patients with Covid. AstraZeneca has agreed to acquire Alexion Pharmaceuticals, a Boston-based biopharmaceutical company focused on rare diseases, for $39 billion. Big pharma’s pivot to rare diseases continues as AstraZeneca (NASDAQ:AZN) acquires Alexion Pharmaceuticals (NASDAQ:ALXN) in a deal worth $39B. Nick Stone - IR, AstraZeneca. There are no plans for a major reduction in employment, Soriot said. Company Participants. Webcast. The offer values Alexion at $175 a share, a 45 percent premium to the closing price on Friday. AstraZeneca will pay $39 billion to acquire Alexion in an immunology-driven deal that drives the British drugmaker closer to CEO Pascal Soriot's $40 billion revenue goal by 2023. The acquisition … Alexion achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth). AstraZeneca announced it is acquiring Alexion Pharmaceuticals for $39 billion. Want the lowdown on European markets? AstraZeneca has long been a leader in treatments for respiratory disease, but sales have stagnated. For AstraZeneca, the acquisition is a major shift, catapulting the British pharma giant to the upper ranks of rare disease drugmaking. Pascal Soriot - CEO, AstraZeneca. Alexion is focused on complement inhibition for immune-mediated rare diseases that are caused by … 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 … 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. AstraZeneca said it intends to establish its headquarters for rare diseases in Boston. 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. Bank of America Corp. worked with Alexion. 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. The deal will add to earnings immediately, with annual synergies of about $500 million projected three years after completion, the company said. 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. 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. 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 … Alexion has an … The acquisition is expected to close in the third quarter of 2021 and Alexion shareholders would own 15 percent of the combined companies. 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. 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. Analysts had long considered Alexion a prime target for a big acquisition. 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 shares tumbled about 8% after announcing its imminent acquisition of Alexion as analysts hoping for a more forward-looking investment expressed their … 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. 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. Evercore Partners International LLP and Centerview Partners UK LLP are AstraZeneca’s lead financial advisers. The Alexion acquisition also underlines its expansion plans. It would be the largest deal for AstraZeneca since it was founded in a combination of British and Swedish drugmakers in 1999. AstraZeneca CEO Pascal Soriot pictured above. After unanimous votes by the boards of directors of both companies, AstraZeneca has announced it will acquire Alexion Pharmaceuticals. More recently, Alexion launched Ultomiris, another monoclonal antibody. That's a pretty expensive deal, I think around 39 billion or so. “It’s an important step in the history of the company,” Soriot said on a call with reporters. AstraZeneca's facilities in Sodertalje, Sweden. With the drop in AstraZeneca’s shares on Monday, the value of the cash-and-stock deal slipped to … 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). ; Subject to … The new acquisition of AstraZeneca is likely to complete by the third quarter of 2021. The acquisition price for Boston-based Alexion is set to total approximately $39 billion, or $175 per share, according to a news release. Alexion has specialized in developing drugs that selectively inhibit immune factors to fight diseases that involve the body’s protective system. Under the terms of the definitive agreement, Alexion … 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. 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. Webinar and conference call for investors and analysts took place on Saturday 12 December 2020 14:00 GMT. Acquiring Alexion would bolster AstraZeneca in areas such as the treatment of blood disorders, building on Chief Executive Officer Pascal Soriot’s turnaround. AstraZeneca on Saturday said it would acquire Alexion Pharmaceuticals for $39 billion. 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. 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. 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. 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. The acquisition is one of the largest deals of the year for the drug industry and would expand AstraZeneca's reach in rare diseases. Alexion achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth). Snapping up drugmakers that focus on them has been a popular way for larger pharmaceutical companies to purchase sales growth in recent years. High-priced medicines for exotic diseases can generate billions in sales from a relatively small group of patients. 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 […] 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. This acquisition allows us to enhance our presence in immunology,” said Pascal Soriot, CEO of AstraZeneca, in a statement announcing the deal. 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.. Alexion has been on an acquisition spree since 2018, snapping up four smaller drugmakers for a total of $4 billion. That's a huge amount of cash that the big drugmaker could use to help finance its $39 billion acquisition of Alexion Pharmaceuticals. Pascal Soriot - CEO, AstraZeneca. 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. ; Subject to … Alexion shareholders could hold out for $200 per share or seek a higher cash portion, he said. “It’s a very important moment because it’s a tremendous opportunity for us to accelerate our development of immunological” therapies. Furthermore, the increased scale will allow AstraZeneca to benefit from greater operational efficiencies. 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. “It’s an important step in the history of the company,” Soriot said on a call with reporters. 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. Earlier this month, AstraZeneca announced plans to acquire rare-disease expert Alexion (NASDAQ:ALXN) for $39 billion. AstraZeneca fended off a takeover bid from Pfizer Inc. about six years ago. Alexion surged 31% to $158.73 as of 12:54 p.m. in New York. 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. The deal is subject to approval by shareholders and regulators. 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. Alexion has specialized in developing drugs that selectively inhibit immune factors to fight diseases that involve the body’s protective system. 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 has a portfolio of products for major diseases including oncology, cardiovascular, gastrointestinal, infection, neuroscience, respiratory and inflammation areas.. The deal will add to earnings immediately, with annual synergies of about $500 million projected three years after completion, the company said. “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. There are no plans for a major reduction in employment, Soriot said. Halper Sadeh LLP may … Alexion would pay AstraZeneca a fee of up to $1.2 billion if it completes a deal with another buyer. … 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 shares have risen 7% this year and almost 70% over the past three years for a market value of 107 billion pounds ($142 billion). 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. 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.. For AstraZeneca, the acquisition is a major shift, catapulting the British pharma giant to the upper ranks of rare disease drugmaking. 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 established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. 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's facilities in Sodertalje, Sweden. AstraZeneca plc (/ ˌ æ s t r ə ˈ z ɛ n ə k ə /) is a British-Swedish multinational pharmaceutical and biotechnology company with its headquarters in Cambridge, England. Alexion achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth).
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