Alexion Pharmaceuticals Inc ALXN:NASDAQ

Last Price$106.97NASDAQ Closing Price as of 4:00PM ET 1/28/20

Today's Change+1.67(1.59%)
Bid (Size)$106.80 (1)
Ask (Size)$107.80 (2)
Day Low / High$105.77 - 107.15
Volume1.4 M

Alexion Pharmaceuticals Rejects Elliott's Suggestion to Seek Sale

10:31AM ET 12/06/2019 MT Newswires
Alexion Pharmaceuticals (ALXN) said Friday that its board decided that pursuing a proactive sale process as suggested by Elliott Advisors (UK) Ltd., would not be in the best interest of shareholders and the patients it currently serves.

"An important factor in the Board's consideration of Elliott's recommendation is that we firmly believe the Company has established a strong foundation to drive growth, create value and improve patients' lives," the pharmaceutical firm said in a statement. This foundation is supported by a refreshed management and board and a renewed strategy for its blood disorder drug Ultomiris.

The company said that it has not received any indications of interest and that it will maintain dialogue with its investors.

Price: 112.21, Change: +4.79, Percent Change: +4.46