Ahead of Saturday's announcement, shares were sitting at $120 apiece. The deal would represent the biggest transaction in pharmaceuticals since 2019. Meanwhile, AstraZeneca sees possible annual pre-tax synergies of $500 million from the Alexion transaction. This deal is good news for AstraZeneca shareholders who could use some given recent bad news on its Covid-19 vaccine. Looking ahead, Porges expects there to be debate about whether other bidders may come forward. 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. The deal would combine two companies working in very different areas of drug research, with Alexion focused on rare diseases and AstraZeneca mostly invested in medicines for cancer, diabetes and respiratory conditions. Get biopharma news like this in your inbox daily. 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 push intensified following acquisitions of two biotechs, both of which were met with considerable skepticism. BENGALURU (Dec 12): Britain's AstraZeneca has agreed to buy U.S. drugmaker Alexion Pharmaceuticals for US$39 billion in cash and shares to bolster its positions in immunology and rare diseases. AstraZeneca believes that its foothold in China, the world's second largest drug market, will help to further grow sales of Alexion's drugs. 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 … "You can make the argument — and I think the management team, the board probably did — that finding this type of return near term for Alexion just seems unrealistic," Seedhouse said. “This acquisition allows us to enhance our presence in immunology. Lysosomal storage disorders, diseases of cellular metabolism gone wrong, are the focus of a fast-expanding lineup of experimental genetic medicines, a research boom that recalls biotech's roots. "We've been looking at options on a regular basis over the last number of years," Soriot told investors Saturday. The joint roadmap also included a push into emerging markets, along with the establishment of a new research headquarters in Boston, a city with a cluster of research institutions and hospitals, where Alexion is based. On Saturday, AstraZeneca announced plans to acquire Alexion Pharmaceuticals for just shy of $40 billion. There are other mid- to large-sized biotechs that could offer more free cash flow at not much heftier of a price, he said. AstraZeneca's facilities in Sodertalje, Sweden. Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American … "In the long-term, our goal is really to build a leadership position in the field of immunology," Soriot said. Times Syndication Service. British drugs giant AstraZeneca pounces on rival Alexion in deal worth £29.5bn. "Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. AstraZeneca Plc said it will buy Alexion Pharmaceuticals Inc. in a cash and share offer worth $39 billion. on By Neil Craven, Financial Mail on Sunday. This acquisition allows us to enhance our presence in immunology," said Pascal Soriot, chief executive of AstraZeneca, in. Analysts had long considered Alexion a prime target for a big acquisition. Then there were the more enduring issues, like how the company's marketed drugs each carry large price tags, making them targets for criticism and, potentially, new regulations meant to tamp down on expensive medicines. The move isn't only about rare diseases, however, but also attempting to match its growing oncology division with one in immunology, too. Investors had reasons to be wary. Die Alexion-Aktionäre erhalten davon 60 Dollar pro Papier in bar und je 2,1243 Astrazeneca American Depositary Shares (ADS). Die Ziele für 2020 hat AstraZeneca erreicht. AstraZeneca on Saturday announced it was acquiring Alexion Pharmaceuticals in a $39 billion deal, a move intended to boost immunology research. Alexion would pay AstraZeneca a fee of up to $1.2 billion if it completes a deal with another buyer. Yet, if willing buyers are out there, none look prepared to wager as much as AstraZeneca. Pharmaceutical company AstraZeneca says it is buying U.S. drug developer Alexion in a deal worth $39 billion. The deal would represent the biggest transaction in pharmaceuticals since 2019. As part of the deal, 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) for each Alexion … Es ist der Pharma-Deal des Jahres: Astrazeneca übernimmt das US-Biopharmaunternehmen Alexion und will dafür 39 Mrd. Copyright © 2021. Eurofins Viracor BioPharma Launches PanCancerIQ Comprehensive Genomic Profiling Service to A... 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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. Alexion surged 35% in premarket US trading to US$163. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. Jun 27 – Jul 1, 2021, A gene therapy pipeline takes shape for a cluster of rare diseases. In September 2020, AstraZeneca announced it had acquired the preclinical oral PCSK9 inhibitor programme from Dogma Therapeutics for an undisclosed sum. Die Übernahme von Alexion für 39 Milliarden … 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 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. Source: Getty Images By Samantha McGrail. And yet, AstraZeneca's offer, which values Alexion at a 45% premium, looks to be too attractive to pass on. All rights reserved.For reprint rights. The deal comes amid AstraZeneca is in late-stage development of a COVID-19 vaccine in partnership with the University of Oxford. AstraZeneca … "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. Deals recorded since July total $2.1tn, according to Refinitiv data. Apr 27 – Apr 28, 2021, • The deal is expected to achieve double-digit revenue growth through 2025. This acquisition allows us to enhance our presence in immunology,” said Pascal Soriot, CEO of AstraZeneca, in a statement announcing the deal. "Of course there will be some disruptions," Soriot said. Of course, AstraZeneca is hoping to close its acquisition of Alexion (NASDAQ:ALXN) in the not-too-distant future. Subscribe to BioPharma Dive to get the must-read news & insights in your inbox. Seedhouse argues the deal is more valuable than just an immediate revenue bump. For AstraZeneca, the acquisition is a major shift, catapulting the British pharma giant to the upper ranks of rare disease drugmaking. AstraZeneca said said that the acquisition allows it to enhance its presence in immunology. Ultomiris is a hit. 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 … Jede ADS verbrieft wiederum eine halbe Stammaktie von Astrazeneca. "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. On a call with investors, company executives said that, to their knowledge, the bidding process wasn't competitive. One of the largest pharmaceutical deals in recent years is also one of the most curious. In December 2020, AstraZeneca announced that it would acquire Alexion Pharmaceuticals in a $39 billion deal. 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 … The deal would combine two companies working in very different areas of drug … Per the terms of the deal, Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares (ADSs) for each Alexion … On Saturday, AstraZeneca announced plans to acquire Alexion Pharmaceuticals for just shy of $40 billion. AstraZeneca is well-equipped to fuel Alexion's growth strategy with a great deal more resources than Alexion could have mustered on its own. AstraZeneca on Saturday announced it was acquiring Alexion Pharmaceuticals in a $39 billion deal, a move intended to boost immunology research. This acquisition allows us to enhance our presence in immunology," said Pascal Soriot, chief executive of AstraZeneca, in a joint statement. 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 -- … AstraZeneca is borrowing $17.5 billion to fund the acquisition. Crucial data on AstraZeneca's vaccine are coming. By Itai Almogy, Gaspard Baroudel, Raphael Berz (Yale University), and Nathan Walemba (Oxford University) Overview of the deal Acquirer: AstraZeneca PLC Target: Alexion Total Transaction Size: $39 Billion Closed date: Q3 2021 Target advisor: Bank of America Only after 80 days since the deal being announced, the $39bn acquisition of Alexion by AstraZeneca … With the share price depressed, activist investor Elliott Advisors had urged Alexion to consider a sale. If biology isn't really your thing, an overactive complement system might not sound … If the deal is a way out for Alexion, then for AstraZeneca it's a way to go even deeper into the market for specialty care drugs. ", "The overlaps," he added, "are relatively limited. AstraZeneca offered $39 billion for Alexion in a combination of cash and stock, although a lack of enthusiasm for the deal has pressed AstraZeneca shares lower since the announcement. The deal could potentially be worth up to US$6 billion for Daiichi. British pharmaceutical company AstraZeneca plc AZN has agreed to buy rare-disease specialist Alexion Pharmaceuticals ALXN for $39 billion. In partnership with the University of Oxford, AstraZeneca has this year developed a COVID-19 vaccine, which is now being tested by UK government regulators. Deal Financing. 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. That's a pretty expensive deal, I think around 39 billion or so. 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. With the drop in AstraZeneca’s shares, the value of the cash-and-stock deal slipped to around US$171 a share from an initial US$175. 2021 will der Konzern Umsatz und Ergebnis weiter steigern. 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. Alexion is "not the company you would look at" for an acquisition which is "strictly a financial engineering ploy." AstraZeneca to Acquire Alexion in $39B Pharma Deal AstraZeneca’s acquisition with rare disease specialist, Alexion Pharmaceuticals, is expected to double its revenue growth through 2025 and bring greater scientific presence to immunology. When Pascal Soriot came on as CEO in 2012, AstraZeneca was defined by the kind of everyday medications prescribed by primary care doctors, drugs like Crestor for high cholesterol and Nexium for stomach problems. On Saturday, AstraZeneca announced plans to acquire Alexion Pharmaceuticals for just shy of $40 billion. It will be known as ‘Alexion, The AstraZeneca … "We believe it's the right time" to do the Alexion deal. Alexion would add five more specialty drugs to AstraZeneca's portfolio and a substantial income boost, as the biotech forecasts almost $6 billion in sales this year alone. 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 … Mar 15 – Mar 17, 2021, • 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. Taken together, the price, bidding pool and seeming strategic mismatch raise questions about why the companies would do this deal and, especially, why now? One of the largest pharmaceutical deals in recent years is also one of the most curious. Today, AstraZeneca says its business is roughly half primary care, half specialty care. ", Follow 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. The cash and ADS consideration represents an 45% premium to Alexion shareholders based on the closing stock price of Alexion on 11 December 2020. Brexit bereitet sich auf No Deal-Brexit vor, AstraZeneca will Alexion kaufen 14.12.20, 07:52 dpa-AFX. AstraZeneca has agreed to buy Alexion Pharmaceuticals in a mixed cash and shares deal worth $39bn. AstraZeneca is buying Alexion Pharmaceuticals for $39 billion in stock and cash, its largest deal ever. 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. The shot has been a frontrunner, but a series of missteps cost AstraZeneca valuable time and dinged its reputation. AstraZeneca has agreed to buy rare-disease specialist Alexion Pharmaceuticals for $39 billion. And Alexion risked nearly $1 billion on the other, Achillion, only to see the biotech's top prospect fail in a clinical trial. In September 2020, AstraZeneca announced it had acquired the preclinical oral PCSK9 inhibitor programme from Dogma Therapeutics for an undisclosed sum. It will be known as ‘Alexion, The AstraZeneca Rare Disease Unit’, headquartered in Boston, US. The … The terms of the deal give Alexion … When the company announced in November that its vaccine had succeeded in trials, some were quick to raise questions about the data that had been released. Synergies in AstraZeneca-Alexion deal. The deal will boost earnings, but a whiff of desperation around the acquisition is making investors queasy. The deal would represent the biggest tran … AstraZeneca to Buy Alexion Pharmaceuticals for $39 Billion Alexion shareholders will receive a big premium in a combination of cash and AstraZeneca stock. Here's what we may learn. 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