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. After unanimous votes by the boards of directors of both companies, AstraZeneca has announced it will acquire Alexion Pharmaceuticals. The acquisition is expected to close in the third quarter of 2021 and Alexion shareholders would own 15% of the combined companies. The offer values Alexion at $175 a share, a 45% premium to the closing price on Friday. 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. Alexion surged 31% to $158.73 as of 12:54 p.m. in New York. Alexion achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth). Alexion has been on an acquisition spree since 2018, snapping up four smaller drugmakers for a total of $4 billion. 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 an … 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. 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.. 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. Since taking over in 2012 he has pushed the U.K. drugmaker further into lucrative areas such as oncology. 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 … 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 shares have risen 7 percent this year and almost 70 percent over the past three years for a market value of $142 billion. The new acquisition of AstraZeneca is likely to complete by the third quarter of 2021. AstraZeneca said it intends to establish its headquarters for rare diseases in Boston. In your inbox before the open, every day. In this video from Motley Fool … AstraZeneca stock tumbled Monday after the pharmaceutical giant announced its $39 billion plan to acquire rare-diseases biotech company Alexion Pharmaceuticals ().. X. … 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. Nick Stone - IR, AstraZeneca. 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. Bank of America Corp. worked with Alexion. Evercore Partners International LLP and Centerview Partners UK LLP are Astra’s lead financial advisers. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. 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. The acquisition price for Boston-based Alexion is set to total approximately $39 billion, or $175 per share, according to a news release. 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 […] 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. 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. Company Participants. The acquisition … “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. 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. If you are an Alexion shareholder, click here to learn more about your rights and options. Alexion has an … Alexion surged 31% to $158.73 as of 12:54 p.m. in New York. 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. Buying Alexion allows AstraZeneca to significantly expand and diversify their cash-flows in the short-term. Specifically, the acquisition is expected to double revenue growth for the large pharmaceutical company through 2025. Bank of America Corp. worked with Alexion. (Reporting by Aishwarya Nair in Bengaluru; Editing by Toby Chopra) Soliris, the company’s biggest drug, had about $4 billion in 2019 revenue. Alexion Pharmaceuticals, Inc.ALXN entered into a definitive agreement with U.K.-based pharmaceutical company, AstraZeneca plc AZN, whereby the latter will acquire the … More recently, Alexion launched Ultomiris, another monoclonal antibody. 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 fended off a takeover bid from Pfizer Inc. about six years ago. Sign up here. Webinar and conference call for investors and analysts took place on Saturday 12 December 2020 14:00 GMT. That's a pretty expensive deal, I think around 39 billion or so. Further, its P/E, while still high, is not the highest among FTSE 100 stocks that did well in 2020. It would be the largest deal for AstraZeneca since it was founded in a combination of British and Swedish drugmakers in 1999. “It’s an important step in the history of the company,” Soriot said on a call with reporters. The acquisition is one of the largest deals of the year for the drug industry and would expand AstraZeneca's reach in rare diseases. 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. “It’s an important step in the history of the company,” Soriot said on a call with reporters. "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. The Alexion acquisition also underlines its expansion plans. 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. Big pharma’s pivot to rare diseases continues as AstraZeneca (NASDAQ:AZN) acquires Alexion Pharmaceuticals (NASDAQ:ALXN) in a deal worth $39B. Of course, AstraZeneca is hoping to close its acquisition of Alexion (NASDAQ: ALXN) in the not-too-distant future. Under the terms of the definitive agreement, Alexion … Alexion has specialized in developing drugs that selectively inhibit immune factors to fight diseases that involve the body’s protective system. AstraZeneca PLC (NASDAQ:AZN) AstraZeneca to acquire Alexion Conference Call December 12, 2020 9:00 AM ET. 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 will fund the acquisition with a $17.5 billion financing facility from Morgan Stanley, JPMorgan Chase & Co. and Goldman Sachs Group Inc. 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 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. 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 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). “It’s a very important moment because it’s a tremendous opportunity for us to accelerate our development of immunological” therapies. Acquiring Alexion would bolster AstraZeneca in areas such as the treatment of blood disorders, building on Chief Executive Officer Pascal Soriot’s turnaround. Acquiring Alexion would bolster AstraZeneca in areas such as the treatment of blood disorders, building on Chief Executive Officer Pascal Soriot’s turnaround. Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday. 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). PDF 3,819KB AstraZeneca to acquire Alexion, accelerating the Company's strategic and financial development Big pharma’s pivot to rare diseases continues as AstraZeneca (NASDAQ:AZN) acquires Alexion Pharmaceuticals (NASDAQ:ALXN) in a deal worth $39B. 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 has agreed to acquire Alexion Pharmaceuticals, a Boston-based biopharmaceutical company focused on rare diseases, for $39 billion. The company announced plans in April to conduct late-stage tests of that drug in severely ill patients with Covid. 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. Earlier this month, AstraZeneca announced plans to acquire rare-disease expert Alexion (NASDAQ:ALXN) for $39 billion. AstraZeneca on Saturday said it would acquire Alexion Pharmaceuticals for $39 billion. Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares per Alexion share, the company said. Photo courtesy of AstraZeneca. Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday. Nick Stone - IR, AstraZeneca. Alexion chief executive Ludwig Hantson said: “This transaction … 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. 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. Pascal Soriot - CEO, AstraZeneca. AstraZeneca PLC (NASDAQ:AZN) AstraZeneca to acquire Alexion Conference Call December 12, 2020 9:00 AM ET. AstraZeneca shares tumbled about 8% after announcing its imminent acquisition of Alexion as analysts hoping for a more forward-looking investment expressed their … Ultomiris is a hit. AstraZeneca has long been a leader in treatments for respiratory disease, but sales have stagnated. If biology isn't really your thing, an overactive complement system might not sound … The deal will add to earnings immediately, with annual synergies of about $500 million projected three years after completion, the company said. Buying Alexion allows AstraZeneca to significantly expand and diversify their cash-flows in the short-term. For AstraZeneca, the acquisition is a major shift, catapulting the British pharma giant to the upper ranks of rare disease drugmaking. AstraZeneca's facilities in Sodertalje, Sweden. Alexion would pay AstraZeneca a fee of up to $1.2 billion if it completes a deal with another buyer. Before it's here, it's on the Bloomberg Terminal. AstraZeneca announced it is acquiring Alexion Pharmaceuticals for $39 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. AstraZeneca's facilities in Sodertalje, Sweden. Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday. Alexion chief executive Ludwig Hantson said: “This transaction … 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. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. Presentation. Updates with analyst comment in 12th and 13th paragraphs. Alexion shareholders could hold out for $200 per share or seek a higher cash portion, he said. More recently, Alexion launched Ultomiris, another monoclonal antibody. 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. Earlier this month, AstraZeneca announced plans to acquire rare-disease expert Alexion (NASDAQ:ALXN) for $39 billion. 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 … Some utilities are even pricier. 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 to acquire Alexion. AstraZeneca fended off a takeover bid from Pfizer Inc. about six years ago. 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. ; Subject to … Evercore Partners International LLP and Centerview Partners UK LLP are AstraZeneca’s lead financial advisers. AstraZeneca was on the hunt for acquisitions earlier this year and made a preliminary approach to Gilead Sciences Inc., Bloomberg reported in June. 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. In this video from Motley Fool … Alexion is focused on complement inhibition for immune-mediated rare diseases that are caused by … Alexion achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth). That's a huge amount of cash that the big drugmaker could use to help finance its $39 billion acquisition of Alexion Pharmaceuticals. 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. There are no plans for a major reduction in employment, Soriot said. Company Participants. AstraZeneca CEO Pascal Soriot pictured above. AstraZeneca has agreed to acquire Alexion Pharmaceuticals, a Boston-based biopharmaceutical company focused on rare diseases, for $39 billion. Its latest deal, a $1.4 purchase of Portola Pharmaceuticals, closed in … The deal is subject to approval by shareholders and regulators. 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. 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. 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. The deal will add to earnings immediately, with annual synergies of about $500 million projected three years after completion, the company said. “It’s a tremendous opportunity for us to accelerate our development of immunological” therapies. 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. The acquisition would position AstraZeneca in immunology and the development of medicines for immune-mediated diseases. There are no plans for a major reduction in employment, Soriot said. The deal comes in a week that AstraZeneca said it was conducting further research to confirm whether its COVID-19 vaccine could be 90% … Analysts had long considered Alexion a prime target for a big acquisition. 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. AstraZeneca's facilities in Sodertalje, Sweden. 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 achieved impressive revenue growth over the last few years, with revenues of $5.0bn in 2019 (21% year-on-year growth). Soliris had about $4 billion in 2019 revenue. Astra was on the hunt for acquisitions earlier this year when it had preliminary discussions with Gilead Sciences Inc., Bloomberg reported in June. 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. “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 has a portfolio of products for major diseases including oncology, cardiovascular, gastrointestinal, infection, neuroscience, respiratory and inflammation areas.. Pascal Soriot - CEO, AstraZeneca. The new acquisition of AstraZeneca is likely to complete by the third quarter of 2021. 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 (/ 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.

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