Here's what we may learn. On Saturday, AstraZeneca announced plans to acquire Alexion Pharmaceuticals for just shy of $40 billion. Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares (ADSs) (each ADS representing one-half of one (1/2) ordinary share of AstraZeneca, as evidenced by American Depositary Receipts (ADRs)) for each Alexion … Gene therapy developers will need to address a series of setbacks that have shaded optimism in the sector's fast growth. Subscribe to BioPharma Dive: Topics covered: Pharma, biotech, FDA, gene therapy, clinical trials, drug pricing and much more. The shot has been a frontrunner, but a series of missteps cost AstraZeneca valuable time and dinged its reputation. Twitter. The deal, announced over the weekend, is also one of the biggest in an already bumper year for mergers and acquisitions and at current market prices will be almost two-thirds funded with AstraZeneca shares. This deal is good news for AstraZeneca shareholders who could use some given recent bad news on its Covid-19 vaccine. The … Subscribe to BioPharma Dive to get the must-read news & insights in your inbox. "We've been looking at options on a regular basis over the last number of years," Soriot told investors Saturday. And yet, AstraZeneca's offer, which values Alexion at a 45% premium, looks to be too attractive to pass on. The offer represents a 45% premium to Alexion's share price prior to the announcement of the deal. Mar 15 – Mar 17, 2021, • AstraZeneca is well-equipped to fuel Alexion's growth strategy with a great deal more resources than Alexion could have mustered on its own. Subject to the successful completion of the deal, which remains on track for Q3, we have taken the important decision to retain the Alexion brand. "In the long-term, our goal is really to build a leadership position in the field of immunology," Soriot said. The boards of directors of … 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. In connection with the Transaction, AstraZeneca intends to file a registration statement on Form F-4 with the United States Securities and Exchange Commission (SEC), which will include a … AstraZeneca-Alexion deal pushes global M&A over the $1tn mark for second consecutive quarter The deal between AstraZeneca and Alexion comes amid a slew of M&A megadeals. The deal would combine two companies working in very different areas of drug … And Alexion risked nearly $1 billion on the other, Achillion, only to see the biotech's top prospect fail in a clinical trial. Under the terms of the acquisition agreement, AstraZeneca has agreed that for 12 months following closing, it will provide the Alexion employees with the same level of salary as such … AstraZeneca on Saturday announced it was acquiring Alexion Pharmaceuticals for $39 billion, a deal aimed at boosting AstraZeneca's immunology and rare-disease research, combining the companies' worldwide delivery pipelines, and establishing a new research headquarters in Boston. It teamed up with the University of Oxford to develop a COVID-19 vaccine, and struck its largest ever deal by buying US drugmaker Alexion. Alexion also continues to rely on a single product for most of its revenue. Jun 27 – Jul 1, 2021, A gene therapy pipeline takes shape for a cluster of rare diseases. In fact, about three years ago AstraZeneca spun out several rare disease drugs, including an eventual rival therapy to Alexion's top-seller, into a standalone biotech. All rights reserved.For reprint rights. "We bring to AstraZeneca a strong portfolio, innovative rare disease pipeline, a talented global workforce and strong manufacturing capabilities in biologics," said Ludwig Hantson, chief executive of Alexion. AstraZeneca also highlighted how Alexion's work in the complement system, which is part of the immune system, could have applications in a large variety of common diseases, from glaucoma to arthritis to mood disorders. By Neil Craven, Financial Mail on Sunday. Die Alexion-Aktionäre erhalten davon 60 Dollar pro Papier in bar und je 2,1243 Astrazeneca American Depositary Shares (ADS). Dezember 2020 hat AstraZeneca PLC (AstraZeneca) bestätigt Alexion Pharmaceuticals Inc. (Alexion) im Rahmen eines Cash-and-Share Deals im Wert von $40,2 bn zu akquirieren. Distant Planet Gains New Atmosphere through V... Pfizer-BioNTech COVID-19 Vaccine Found 97% Ef... 'Potentially Hazardous' Asteroid to Fly Past ... "Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. One of the companies, Portola, had struggled for years to sell its flagship drug. "Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. With the share price depressed, activist investor Elliott Advisors had urged Alexion to consider a sale. Crucial data on AstraZeneca's vaccine are coming. AstraZeneca is targeting $500m in pre-tax synergies from the deal, which Mr Soriot said would partly come from headcount reduction in general administrative functions. 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. Cambridge, England-based AstraZeneca PLC, which is involved in one of the efforts to develop a COVID-19 vaccine, said Saturday it's using a combination of cash and shares for the acquisition of Boston-based Alexion … … All told, AstraZeneca expects the combined company to have 28 drug programs in late-stage development by next year, to sell 12 blockbuster products by 2023, and to achieve double-digit growth through 2025. The deal would represent the biggest tran … Die Ziele für 2020 hat AstraZeneca erreicht. The deal comes in a week that AstraZeneca … Alexion shareholders will receive $60 in cash per share plus the equivalent of about one AstraZeneca share — the deal works out to a total of $39 billion or around $175 per Alexion share. AstraZeneca has agreed to buy Alexion Pharmaceuticals in a mixed cash and shares deal worth $39bn. The terms of the deal give Alexion … This acquisition allows us to enhance our presence in immunology," said Pascal Soriot, chief executive of AstraZeneca, in a joint statement. Per the terms of the deal, Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares (ADSs) for each Alexion … Seedhouse argues the deal is more valuable than just an immediate revenue bump. Rather, Alexion brings AstraZeneca to the front of rare disease drugmaking — a field that it has shown little interest in until now. AstraZeneca … AstraZeneca said it had offered shareholders cash and stock worth about $175 per share, an about 45% premium from Friday's close at $120.98 per share. 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Alexion's current management is expected to lead the company's rare-disease unit, and each Alexion employee can continue on at their current pay for a minimum of 12 months, according to Saturday's release. “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. Source: Getty Images By Samantha McGrail. The deal would represent the biggest transaction in pharmaceuticals since 2019. Jacob Bell Anglo-Swedish drugmaker AstraZeneca has agreed to buy US biotechnology group Alexion in a $US39 billion ($52.5 billion) deal, marking the biggest agreement struck by a pharmaceutical … British pharmaceutical company AstraZeneca plc AZN has agreed to buy rare-disease specialist Alexion Pharmaceuticals ALXN for $39 billion. Die Übernahme von Alexion für 39 Milliarden … Alexion would pay AstraZeneca a fee of up to $1.2 billion if it completes a deal with another buyer. AstraZeneca and Alexion Pharmaceuticals, Inc. (Alexion) have entered into a definitive agreement for AstraZeneca to acquire 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 … It gives AstraZeneca a foothold in the rare disease market, and a new Boston-based business unit will be set up, led by Alexion management. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. The push intensified following acquisitions of two biotechs, both of which were met with considerable skepticism. Alexion "couldn't have executed much better, and yet the stock has done nothing," Steven Seedhouse, an analyst at Raymond James, told BioPharma Dive. The deal could potentially be worth up to US$6 billion for Daiichi. ", "The overlaps," he added, "are relatively limited. AstraZeneca Alexion Deal Accretive But Risks Remain: Street Wrap AstraZeneca has $8 billion of cash in hand and its debt load amounts to 1.7 times its earnings -- … “This acquisition allows us to enhance our presence in immunology. Brexit bereitet sich auf No Deal-Brexit vor, AstraZeneca will Alexion kaufen 14.12.20, 07:52 dpa-AFX. Astrazeneca will sich für satte 39 Milliarden Dollar Alexion Pharmaceuticals einverleiben. Deals recorded since July total $2.1tn, according to Refinitiv data. And during the first nine months of this year, in spite of the coronavirus pandemic, the company recorded more than $19 billion in revenue — an 8% increase that was largely driven by three blockbuster cancer treatments. A sales scandal in 2016 rocked Alexion's reputation and led two of its top executives to leave. It will be known as ‘Alexion, The AstraZeneca … Times Syndication Service. One of the largest pharmaceutical deals in recent years is also one of the most curious. The deal will boost earnings, but a whiff of desperation around the acquisition is making investors queasy. AstraZeneca Plc said it will buy Alexion Pharmaceuticals Inc. in a cash and share offer worth $39 billion. On a call with investors, company executives said that, to their knowledge, the bidding process wasn't competitive. Yet, if willing buyers are out there, none look prepared to wager as much as AstraZeneca. Published: 16:56 EST, 12 December 2020 | Updated: 08:00 EST, 13 December 2020 AstraZeneca has agreed to buy rare-disease specialist Alexion Pharmaceuticals for $39 billion. 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