Soliris and Strensiq Volume Growth Drive Alexion's Impressive First-Quarter Sales
Strong, continued uptake of Soliris and Strensiq in their respective ultra-rare disease markets drove healthy first-quarter results for Alexion Pharmaceuticals. We do not anticipate changes to our drug sales estimates but may increase our $165 per share fair value estimate for Alexion to reflect management’s updated tax guidance and our assumptions for U.S. corporate tax reform under the Trump administration starting in 2018. Management reaffirmed top-line guidance for the year but increased GAA...Alexion Pharmaceuticals is a biopharmaceutical company serving patients and families affected by rare diseases through the discovery, development and commercialization of therapies. The company has developed and commercialized two complement inhibitors to treat patients with paroxysmal nocturnal hemoglobinuria and atypical hemolytic uremic syndrome, as well as the complement inhibitor to treat anti-acetylcholine receptor antibody-positive generalized myasthenia gravis and neuromyelitis optica spectrum disorder in patients who are anti-aquaporin-4 antibody positive. In addition, the company has two enzyme replacement therapies for metabolic disorders, hypophosphatasia and lysosomal acid lipase deficiency.
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