Inactive Instrument

Alexion Pharmaceuticals, Inc.

ALXN

US0153511094

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Alexion Pharmaceuticals, Inc. (ALXN)

May 23, 2017 at 03:07 pm EDT

NEW YORK, May 23, 2017 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Alexion Pharmaceuticals, Inc. ("Alexion" or the "Company") (NASDAQ: ALXN). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/alxn.

The investigation concerns whether Alexion and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On May 8, 2017 Alexion's São Paulo offices were raided as part of an investigation into the Company's business practices. Local law enforcement officials allege that Alexion is involved in a scheme wherein the Company, with the aid of a local patient association, subsidized lawsuits for patients to get access to its drug via Brazil's national health system. Following this news, Alexion stock dropped $4.34 per share or 3.37% to close at $124.48 on May 8, 2017.

On May 16, 2017, Ludwig Hantson, Alexion's CEO, confirmed that the police raided its São Paulo offices and notified shareholders that it is reviewing its spending and compliance practices. Following this news, Alexion stock dropped $4.15 per share or 3..45%, to close at $116.15 on May 17,2017.

Then on May 23, 2017, Alexion revealed the resignation of its Chief Financial Officer Dave Anderson, effective at the end of August. Following this news, Alexion stock has dropped as much as $9.13 per share or 7.91% during intraday on May 23, 2017.

If you are aware of any facts relating to this investigation, or purchased shares of Alexion, you can assist this investigation by visiting the firm's site: www.bgandg.com/alxn. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-alexion-pharmaceuticals-inc-alxn-300462634.html

SOURCE Bronstein, Gewirtz & Grossman, LLC

Latest news about Alexion Pharmaceuticals, Inc.

Alexion Pharmaceuticals, Inc.'s VOYDEYA Receives Approval in US Add-On Therapy to Ravulizumab or Eculizumab for Treatment of Extravascular Hemolysis in Adults with the Rare Disease PNH	Apr. 01	CI
Alexion Announces Long-Term Alpha Phase III Trial Data Shows Danicopan as Add-On to Standard of Care C5 Inhibitor Therapy ULTOMIRIS	Dec. 10	CI
Alexion Pharmaceuticals, Inc. completed the acquisition of Assets of early-stage rare disease gene therapy portfolio of Pfizer Inc..	23-09-18	CI
Verge Genomics Announces Artificial Intelligence-Enabled Drug Discovery Collaboration with Alexion for Rare Neurodegenerative and Neuromuscular Diseases	23-09-08	CI
Alexion Pharmaceuticals, Inc. entered a definitive purchase agreement to acquire Assets of early-stage rare disease gene therapy portfolio of Pfizer Inc. for $1 billion.	23-07-27	CI
JCR Pharmaceuticals Co., Ltd. Announces Research Collaboration, Option and License Agreement with Alexion to Develop a Therapy Using J-Brain CargoR for Neurodegenerative Disease	23-03-30	CI
Alexion Pharmaceuticals, Inc. completed the acquisition of LogicBio Therapeutics, Inc. from a group of shareholders.	22-11-14	CI
Alexion Pharmaceuticals, Inc. Aims to Advance Nmosd Treatment Landscape with Exceptional Ultomiris® (Ravulizumab-Cwvz) Efficacy Data At Ectrims 2022	22-10-12	CI
Alexion Pharmaceuticals, Inc. entered into a definitive agreement to acquire LogicBio Therapeutics, Inc. from a group of shareholders for $68.2 million.	22-10-02	CI
Alexion Pharmaceuticals, Inc Announces Danicopan Add-On to Ultomiris (Ravulizumab-Cwvz) or Soliris Met Primary Endpoint in Alpha Phase III Trial for Patients with Paroxysmal Nocturnal Hemoglobinuria Who Experience Clinically Significant Extravascular Hemolysis	22-09-16	CI
Alexion, Astrazeneca's Rare Disease Group and Neurimmune Closes Deal for Commercializing Ni006	22-03-01	CI
Alexion Enters into an Exclusive Global Collaboration and Licence Agreement with Neurimmune AG	22-01-07	CI
Alexion Pharmaceuticals, Inc. completed the acquisition of remaining majority stake in Caelum Biosciences, Inc. from Fortress Biotech, Inc. and others.	21-10-04	CI
AstraZeneca's Alexion to Advance and Accelerate Ongoing Phase III Clinical Development of Cael-CAEL, a Potential Medicine for AL Amyloidosis	21-09-29	CI
Alexion Pharmaceuticals, Inc. agreed to acquire remaining majority stake in Caelum Biosciences, Inc. from Fortress Biotech, Inc. and others for $500 million.	21-09-28	CI
AstraZeneca : to Mandate COVID-19 Shots for US Staff	21-08-30	MT
AstraZeneca : Rare Disease Drug Improves Copper Mobilization in Late-Stage Study	21-08-26	MT
FTSE : Consumer staples, financials lift FTSE 100 after worst week since February	21-08-20	RE
AstraZeneca : Unit Alexion Discontinues Late-Stage Trial of ALS Drug Candidate Due to Lack of Efficacy	21-08-20	MT
FTSE 100 Falls as Growth Fears Persist; More Volatility Possible	21-08-20	DJ
AstraZeneca : antibody therapy prevents COVID-19, study shows	21-08-20	RE
Alexion Discontinues CHAMPION-ALS	21-08-20	CI
AstraZeneca : Alexion to Discontinue Ultomiris Phase 3 ALS Trial	21-08-20	DJ
AstraZeneca : Exclusive - AstraZeneca exploring options for COVID-19 vaccine business - executive	21-07-29	RE
London Indexes Boosted by Positive Welcome to Most Earnings	21-07-29	DJ

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Company Profile

Alexion Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on discovering, development and commercialization of medicines. The Company's marketed products include ULTOMIRIS, SOLIRIS (eculizumab), STRENSIQ (asfotase alfa), KANUMA (sebelipase alfa) and ANDEXXA (coagulation Factor Xa - [recombinant] inactivated-zhzo). Its ULTOMIRIS product is a long-acting C5 inhibitor, that works by inhibiting the C5 protein in the terminal complement cascade. Its SOLIRIS product is a humanized monoclonal antibody that blocks terminal activity at the doses prescribed. Its Strensiq product is a targeted enzyme replacement therapy for patients with Hypophosphatasia (HPP). Its Kanuma product is a recombinant form of the human lysosomal acid lipase (LAL) enzyme. Its ANDEXXA product is a reversal agent for patients treated with rivaroxaban or apixaban.

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