British drug giant AstraZeneca inked a $39 billion biotech buyout over the weekend. Phase 1. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Alexion Pharmaceuticals (ALXN) Q3 2020 Earnings Call Transcript Motley Fool Transcribing | Oct 30, 2020 ALXN earnings call for the period ending September 30, 2020. Alexion Pharmaceuticals (NASDAQ: ALXN) is a more than $20 billion company that has announced it is acquiring Portola Pharmaceuticals (NASDAQ: PTLA) for … The easiest way to lookup drug information, identify pills, check interactions and set up your own personal medication records. A Stifel analyst previously noted that the Alexion Pharmaceuticals (NASDAQ:ALXN) acquisition of Portola Pharmaceuticals, which closed in July … The top two biopharma employers in the state happen to be Takeda and Sanofi, big drug conglomerates with overseas headquarters that landed here through acquisitions of prominent local players — Millennium and Shire, under Takeda, and Genzyme, in Sanofi’s case. Along with EMC-Dell, the sale of Alexion will go down as one of the largest buyouts in state history — almost up there with Bank of America-Fleet, P&G-Gillette, and UTC-Raytheon. Total revenues for the full year of 2020 were $6,069.9 million, a 22 percent increase compared to the same period in 2019. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. In this article we discuss vertical mergers with examples. An overview of all the stock ticker symbols listed. Information includes company addresses, telephone numbers, stock quotes, links to corporate websites, lists of medicines, support and employment opportunities where applicable. For information about non-US medications, please visit the international drugs section. The biggest Massachusetts deal, by far, that Elliott helped bring about? But it wasn’t meant to last. The Investor Relations website contains information about Alexion Pharmaceuticals, Inc.'s business for stockholders, potential investors, and financial analysts. At Portola , he led the company … Before tangling with Alexion, Elliott had already had some significant influence on Boston’s corporate landscape. BACKGROUND: Odronextamab (REGN1979) is a first-in-class, hinge-stabilized, fully human IgG4-based CD3 x CD20 bispecific antibody (bsAb) that has demonstrated encouraging safety, tolerability and preliminary efficacy in a first-in-human study of patients (pts) with relapsed/refractory (R/R) B-cell non-Hodgkin lymphoma (B-NHL). Mr. Garland was formerly CEO of Portola Pharmaceuticals, which was acquired by Alexion in 2020 for $1.4 billion. Lees hier alles over de sector van het aandeel Molson Coors Brewing Comp.. Internationale sectorvergelijking, marktkapitalisatie, sectorwaardering en marktaandelen. We comply with the HONcode standard for trustworthy health information -. VISUAL ABSTRACT Baricitinib + Remdesivir for Hospitalized Adults with Covid-19. England-based pharmaceutical company AstraZeneca, which is involved in development of a COVID-19 vaccine, said during the weekend it is acquiring Boston-based drug developer Alexion Pharmaceuticals in a deal worth $39 billion. Phase 3. Other. Select one or more newsletters to continue. Alexion will, in all likelihood, be subsumed within a year’s time by a much larger biopharma buyer — either AstraZeneca, or perhaps another bidder willing to pay an even higher price. (RTTNews) - Alexion Pharmaceuticals, Inc. (ALXN) and Portola Pharmaceuticals, Inc. (PTLA) have entered into a definitive merger agreement for Alexion to acquire Portola… As recently as a decade ago, the focus among big biopharma businesses in Boston was more on research. Subscribe to Drugs.com newsletters for the latest medication news, new drug approvals, alerts and updates. Alexion is a global biopharmaceutical company focused on developing life-changing therapies for people living with rare disorders. Jon Chesto can be reached at jon.chesto@globe.com. The company offers XERMELO, an orally-delivered small molecule drug candidate for the treatment of carcinoid syndrome diarrhea in combination with somatostatin analog therapy in adults. Rooney said he expects the federal government to increase funding for medical research in the coming years, particularly with regard to viruses and rare diseases. Preclinical. Garland joins PACT after serving as CEO of Portola Pharmaceuticals, which was acquired by Alexion last year for $1.4 billion. In December, Alexion's board unanimously rejected a recommendation by Elliott to immediately launch a … Alexion Pharmaceuticals in its $1.4 billion acquisition of Portola Pharmaceuticals; ARIAD Pharmaceuticals in its $5.2 billion sale to Takeda Pharmaceutical Co. Biogen in the $5 billion spin-off of its global hemophilia business into a separate publicly traded company (Bioverativ) Bioverativ in its $11.6 billion sale to Sanofi Gain free stock research access to stock … All fit under a diversification strategy Alexion has pursued to reduce its dependence on Soliris, an extremely pricey rare disease drug that accounted for 80% of the company's net product sales last year. Elliott argues that Alexion management's actions, including a recent move to acquire Portola Pharmaceuticals for about $1.4 billion, are leading in the "wrong direction." Preclinical. But after those operational improvements weren’t reflected in the stock price, Elliott publicly agitated for Alexion to be sold. ANDEXXA (coagulation factor Xa (recombinant), inactivated-zhzo) is a recombinant modified human factor Xa (FXa) protein indicated for patients treated with rivaroxaban or apixaban, when reversal of anticoagulation is needed due to life-threatening or uncontrolled bleeding. Alexion also plans to initiate a study of ALXN1720 in DM. That might sound like a princely amount. Zacks' free daily newsletter Profit from the Pros provides #1 Rank "Strong Buy" stocks, etfs and more to research for your financial portfolio. Portola Pharmaceuticals, Inc. AstraZeneca’s increased presence should draw more federal funds here, he reasons. This seemingly sputtering stock attracted the interest of activist investor Elliott Management about three years ago. Follow him on Twitter @jonchesto. Peter Hecht, chief executive of Cyclerion Therapeutics in Cambridge, said the fact that AstraZeneca wants to base its rare disease unit here underscores the maturation he has seen in the region’s biotech industry. Mr. Garland was formerly CEO of Portola Pharmaceuticals, which was acquired by Alexion in 2020 for $1.4 billion. This page contains corporate information for pharmaceutical companies marketing products in the United States. At Portola, Garland led the company through the commercial launch of Andexxa, a novel reversal agent for factor Xa inhibitors. Rooney recognizes that any merger brings some job cuts in the C-suite and back office. BOSTON--(BUSINESS WIRE)-- Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) today announced the successful completion of its acquisition of Portola Pharmaceuticals, Inc., Inc. (NASDAQ:PTLA).The acquisition adds Factor Xa inhibitor reversal agent Andexxa ® [coagulation factor Xa (recombinant), inactivated-zhzo], marketed as Ondexxya ® in Europe, to Alexion’s commercial … The shares never really recovered; they traded in the $120 range last week before news of the AstraZeneca deal broke. Phase 2. BOSTON--(BUSINESS WIRE)--Jul. These are commonplace in the M&A space and take place when two (or more) firms operating along different parts of the same product chain or services combine to form an enlarged entity. Macroaxis is not a registered investment advisor or broker/dealer. But it still values the company at $175 a share, less than what it was worth five years ago. Inevitably, some top Alexion executives will leave because of the buyout. Its stock peaked at more than $200 in 2015, but took a hit amid an internal investigation into allegations of improper marketing tactics for its blockbuster blood-disease drug Soliris. Alexion Pharmaceuticals (Portola Pharmaceuticals prior to acquisition) Others: Department of Health and Social Care : NHS England : Welsh Government: Patient carer groups: Anticoagulation UK : Thrombosis UK: Professional groups: British Association of Stroke Physicians : British Society for Hematology : British Society of Gastroenterology AstraZeneca said it plans to make Boston its headquarters for its rare disease business — led by senior members of Alexion’s management team, presumably at Alexion’s shiny new Seaport offices that it first occupied in mid-2018. Pharmaceutical Companies. The commercialization side of the business often happened elsewhere. Reflections are seen on a sign outside the global headquarters of AstraZeneca in London. This page contains corporate information for pharmaceutical companies marketing products in the United States. Phase 1. The drug company Alexion Pharmaceuticals announced Tuesday that it would spend $1.4 billion to acquire Portola Pharmaceuticals, which sells a … Alexion Pharmaceuticals became one of the biggest public companies in Massachusetts overnight by moving its headquarters to Boston less than three years ago. Vertex got to the South Boston waterfront first. The search tool allows the user to locate items using a variety of search criteria, including item description, special item number (SIN) and contract number. (The company was founded by a Yale professor in 1992.) But they’ll likely stick around in the area, he said, with some maybe starting new biotechs locally, part of a virtuous cycle. It is not necessary that the firms be in the same geographic area. Phase 2. Effective October 1, 2020 through December 31, 2020 Elliott expressed particular concern about the surprise departure of Alexion’s then-chief financial officer Paul Clancy last year, and a $1.4-billion acquisition of smaller biotech Portola that proved in May to be the proverbial final straw for the investment firm. Even factoring those in, Rooney sees more employment on the horizon, and a long-term boost to the region’s prestige. Mr. Garland was formerly CEO of Portola Pharmaceuticals, which was acquired by Alexion in 2020 for $1.4 billion. Alexion also plans to initiate a study of ALXN1720 in DM. The Greater Boston biotech cluster is now the envy of the world. But Alexion’s arrival in the Seaport presaged a recent wave of life sciences development in that part of the city, one that has continued at a healthy clip during the COVID-19 pandemic. (Analysts note that Elliott wasn’t the only dissatisfied Alexion investor.). Kirsty Wigglesworth/Associated Press/File 2009. Alexion will pay $18 per Portola share in cash, a premium of 132% to Portola's last closing price, the companies said. Data sources include IBM Watson Micromedex (updated 3 Mar 2021), Cerner Multum™ (updated 1 Mar 2021), ASHP (updated 3 Mar 2021) and others. Fmr Llc has disclosed 3,778 total holdings in their latest SEC filings. This material is provided for educational purposes only and is not intended for medical advice, diagnosis or treatment. Information includes company addresses, telephone numbers, stock quotes, links to corporate websites, lists of medicines, support and employment opportunities where applicable. Phase 3. Not anymore. Alexion, though, has been dogged by a listless stock price. But Jim Rooney, chief executive of the Greater Boston Chamber of Commerce, doesn’t seem fazed. You can’t blame chief executive Ludwig Hantson if he had hoped to use the Boston move to give Alexion a fresh start, after he was recruited to help the company bounce back from a scandal involving its sales practices. Available for Android and iOS devices. At Portola, he led the company through the commercial launch of Andrexxa ®, a novel reversal agent for factor Xa inhibitors. Portola Access Navigator provides access and education to critical coding, billing & reimbursement information, including success tips & techniques Portola has been acquired by Alexion Pharmaceuticals… At Portola , he led the company … Alexion Pharmaceuticals has signed a definitive agreement to acquire Portola Pharmaceuticals for a total consideration of $1.41bn, or $18 per share. That was also a big factor in Alexion’s relocation to Boston from New Haven in the first place. Alexion agreed to buy Portola Pharmaceuticals and its sole approved medicine, anticoagulant reversal agent Andexxa, in a deal valued at around … Other. Losing a big, publicly traded company is never much fun — even if it’s one we only had for a few years. Alexion has been pressured in the past to put itself on the block. 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. - 17 October The $39 billion deal offers investors a 45 percent premium over the closing stock price Friday. EMC’s $67 billion sale to Dell, in 2016. But the AstraZeneca-Alexion deal could be good news for Boston’s economy eventually, once we get beyond that initial sense of loss. Most recent portfolio value is calculated to be $ 1,123,977,794,000 USD. Alexion Pharmaceuticals became one of the biggest public companies in Massachusetts overnight by moving its headquarters here in 2018. Portola Pharmaceuticals is a commercial-stage biopharmaceutical company focused on developing therapeutics for life-threatening blood disorders. Portola is the fourth company Alexion has bought since 2018, following deals for Achillion Pharmaceuticals, Syntimmune and Wilson Therapeutics. 2, 2020-- Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced the successful completion of its acquisition of Portola Pharmaceuticals, Inc. (NASDAQ:PTLA). Medications listed for each manufacturer or distributor may also be marketed under different names in other countries. TARO PHARMACEUTICALS INC, ON, CANADA - 483, EIR SUMMARIES 06/15/2016 - 08/15/2016 2016-10004 FOI Services, Inc. K151623 2016-10005 K160449 2016-10006 K161640 2016-10007 Jefferies LLC October 2020 NDC - HCPCS Crosswalk. LogMeIn acquired the GoTo suite of products in early 2017 following Elliott’s agitation at former GoTo parent Citrix. One big reason behind AstraZeneca’s decision: the desire to capitalize on all the biotech talent in the Boston area. At first, Elliott tried to push the company’s management to improve its operations. That’s a good sign, especially for the roughly 800 people that Alexion employs here. Athenahealth was sold nearly two years ago after Elliott put the squeeze on. Rather than bemoan the loss of a corporate giant, local business leaders are looking on the bright side. BackgroundVenous thromboembolism may be the earliest sign of cancer. Alexion, with 3,800 employees and nearly $6 billion in anticipated annual revenue, is being sold, gobbled up. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the fourth quarter and full year of 2020. Drugs.com provides accurate and independent information on more than 24,000 prescription drugs, over-the-counter medicines and natural products. Alexion Pharmaceuticals has agreed to buy Portola Pharmaceuticals in a $1.4 billion deal that brings it a first-in-class therapy for treating life-threatening bleeding. Announced: May 5, 2020 Value: $1.6 billion Status: Closed Exclusive financial advisor to Portola on its sale to Alexion Trinseo SA Explore the stock pages to learn about the company’s price history, financials, key stats, and more. Boehringer Ingelheim Pharmaceuticals, Inc. Lexicon Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of pharmaceutical products. The merger arbitrage spreads list is a FREE list of the largest all-cash deal spreads trading on a major U.S. stock exchange.This is the most recent list update of merger arbitrage opportunities as of March 7, 2021.The FREE merger tracker spreadsheet below contains the latest essential deal information and criteria as per official company announcements of the largest 20 deal spread … The National Acquisition Center Contract Catalog Search Tool now allows your facility to browse MedSurg and Pharmaceutical products and services available under Federal Supply Service contracts.
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