BOSTON–(BUSINESS WIRE)–Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the fourth quarter and full year of 2019. KANUMA net product sales were $34.1 million, compared to $25.7 million in the fourth quarter of 2018, representing a 33 percent increase. ; Alexion Pharmaceuticals total assets for 2020 were $18.103B, a 3.18% increase from 2019. For a detailed definition, formula and example for. Every day, we come to work with a singular purpose – to serve patients – and in 2019, we made significant strides in expanding the number of patients we are able to serve today and in the future. Non-GAAP diluted EPS for the full year of 2019 was $10.53, a 33 percent increase versus the prior year. Non-GAAP diluted EPS was $10.53, compared to $7.92 in 2018. GAAP diluted EPS was $10.70, inclusive of one-time tax benefits related to intra-entity asset transfers of intellectual property, compared to $0.35 in 2018, inclusive of $1,183.0 million of expense related to the value of the in-process research and development assets acquired in 2018. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. TABLE 1: CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Acquired in-process research and development, Amortization of purchased intangible assets, Change in fair value of contingent consideration, Shares used in computing earnings (loss) per common share, TABLE 2: RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS, Upfront payments related to licenses and other strategic agreements (2). GAAP income tax benefit was $287.0 million, inclusive of one-time tax benefits related to intra-entity asset transfers of intellectual property in the fourth quarter of 2019, compared to expense of $12.1 million in the fourth quarter of 2018. Non-GAAP cost of sales was $110.8 million, compared to $93.0 million in the fourth quarter of 2018. We received $114.7 million in net proceeds, resulting in a realized gain of $77.2 million on our initial investment. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the third quarter of 2020. BOSTON--(BUSINESS WIRE)--Oct. 23, 2019-- Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the third quarter of 2019. During the three and twelve months ended December 31, 2019, we recognized a net gain of $19.7 million and $32.8 million in investment income, respectively, relating to our Moderna investment. Non-GAAP SG&A expense was $1,099.9 million, compared to $953.3 million in 2018. Alexion Pharmaceuticals total assets from 2006 to 2020. The midpoint of … Alexion Pharmaceuticals Inc (NASDAQ: ALXN) Q4 2019 Earnings Conference Call January 30, 2020. Alexion Pharmaceuticals Revenue 2006-2020 | ALXN, Alexion Pharmaceuticals revenue for the quarter ending December 31, 2020 was, Alexion Pharmaceuticals revenue for the twelve months ending December 31, 2020 was, Alexion Pharmaceuticals annual revenue for 2020 was, Alexion Pharmaceuticals annual revenue for 2019 was, Alexion Pharmaceuticals annual revenue for 2018 was. STRENSIQ net product sales were $166.8 million, compared to $126.1 million in the fourth quarter of 2018, representing a 32 percent increase. 2019 ANNUAL REPORT. GAAP R&D expense was $886.0 million, compared to $730.4 million in 2018. The value of the acquired in-process research and development assets was expensed during the quarters the acquisitions were completed due to the stage of development of the assets. Ludwig Hantson — Chief Executive Officer. John Orloff — Executive Vice President and Head of Research & Development Alexion’s financial guidance is based on current foreign exchange rates net of hedging activities and does not include the effect of acquisitions, license and other strategic agreements, intangible asset impairments, litigation charges, changes in fair value of contingent consideration, gains or losses related to strategic equity investments or restructuring and related activity outside of the previously announced activities that may occur after the issuance of this press release. Alexion Pharmaceuticals's operated at median revenue of $3.551 billion from fiscal years ending December 2015 to 2019. Outlook Earnings guidance hasn't been issued by the company for now. Alexion Pharmaceuticals headquarters is located at 121 Seaport Blvd, Boston. Privacy Policy. During the twelve months ended December 31, 2019, we recorded expense of $103.4 million in connection with upfront payments on strategic agreements that we entered into with Stealth, Immune Pharma, Eidos Therapeutics, Inc., Affibody AB and Zealand Pharma A/S. (1) Represents contingent milestone payments associated with acquisitions of legal entities accounted for as asset acquisitions. Non-GAAP R&D expense was $720.9 million, compared to $646.2 million in 2018. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Company Participants. This press release contains forward-looking statements, including statements related to: guidance regarding anticipated financial results for 2020 (and the assumptions related to such guidance); the strength of our business and continued growth; plans to expand the Company’s pipeline; Company’s goal of continuing to build on momentum as the year progresses; future plans for, and the timing for, the commencement of future clinical trials and the expected timing of the receipt of results of certain clinical trials and studies, including clinical programs for ULTOMIRIS in aHUS, NMOSD, HSCT-TMA, ALS, PNH, gMG, PPMS, a subcutaneous administration in PNH and aHUS, a higher concentration formulation of ULTOMIRIS, SOLIRIS in NMOSD and gMG, ALXN1840 in Wilson Disease, CAEL-101 in light chain (AL) amyloidosis, AG10 in ATTR-PN, danicopan in C3G and PNH patients with EVH, ACH-5228 for PNH and for ALXN1830 in WAIHA and gMG; potential benefits of current products and products under development and in clinical trials; plans for development programs with third parties including, Eidos, Affibody, Dicerna, Zealand, and Complement Pharma; the potential to treat a broad range of complement mediated diseases with the products to be developed with Zealand and Dicerna and the potential advantages of novel peptide therapies; the potential for the anti-eotaxin-1 antibody from Immune Pharma to treat inflammatory diseases; the potential for CP010 to treat multiple neurological disorders; and Alexion’s future clinical, regulatory, and commercial plans for ULTOMIRIS and other products and product candidates. 2019 annual report Lead(ing) We are redefining the standard of care for people living with PNH and aHUS with ULTOMIRIS, which has a unique value proposition that is supported by patient preference of going to the hospital every two months, for adults, instead of every two weeks. Alexion Pharmaceuticals 2019 annual EBITDA was $2.497B, a … Net product sales $ 1,444.6 $ 1,140.2 Other revenue 0.2 … For the twelve months ended December 31, 2018, the change in the fair value of contingent consideration expense was primarily due to amending certain contingent milestone payments due under our prior merger agreement with Enobia Pharma Corp. in September 2018 as well as due to increases in the likelihood and anticipated timing of payments for contingent consideration. Net product sales $ 1,588.3 $ 1,263.1 $ 4,477.4 $ 3,605.8 Other revenue 0.4 TABLE 5: CONDENSED CONSOLIDATED BALANCE SHEETS, Prepaid expenses and other current assets (1), Current portion of contingent consideration, Total liabilities and stockholders’ equity. BOSTON–(BUSINESS WIRE)–Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the fourth quarter and full year of 2019.Total revenues for the full year of 2019 were $4,991.1 million, a 21 percent increase compared to 2018. The negative impact of foreign currency on total revenues year-over-year was 1 percent, or $13.1 million, inclusive of hedging activities. Total revenues in the third quarter were $1,588.7 million, a 26 percent increase compared to the same period in 2019. 30, 2020-- Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced financial results for the second quarter of 2020. Please check your download folder. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. Alexion Pharmaceutical’s total revenue, as in the figure below, has grown from US$ 4,131.2 million in 2018 to US$ 4,991.1 million in 2019, with a total growth of approximately 20.81%. The December 31, 2019 condensed consolidated balance sheet is presented under the new standard, while the December 31, 2018 condensed consolidated balance sheet is not adjusted and continues to be reported under the accounting standards in effect for that period. Each plays a critical role in … Total revenues in the third quarter were $1,263.1 million , a 23 percent increase compared to the same period in 2018. To participate in the call, dial 866-762-3111 (USA) or 210-874-7712 (International), conference ID 3571658 shortly before 7:30 a.m. Eastern Time. Alexion will host a conference call/audio webcast to discuss the fourth quarter and full-year 2019 results today at 7:30 a.m. Eastern Time. ALEXION PHARMACEUTICALS, INC. TABLE 1: CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share amounts) (unaudited) Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) Q2 2019 Earnings Conference Call July 24, 2019 8:00 AM ET Company Participants. In addition to financial information prepared in accordance with GAAP, this press release also contains non-GAAP financial measures that Alexion believes, when considered together with the GAAP information, provide investors and management with supplemental information relating to performance, trends and prospects that promote a more complete understanding of our operating results and financial position during different periods. Alexion Pharmaceuticals annual net income for 2019 was $2.404B, a 2998.32% increase from 2018. TABLE 3: RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL GUIDANCE, (in millions, except per share amounts and percentages), Gains and losses related to strategic equity investments, Diluted non-GAAP earnings per common share, Operating expense and margin (% total revenues), Non-GAAP research and development expense, GAAP selling, general and administrative expense, Non-GAAP selling, general and administrative expense, Income tax expense (% of income before income taxes), Tax effect of pre-tax adjustments to GAAP net income. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. BOSTON--(BUSINESS WIRE)--Jul. As a percent of revenue: R&D 19% to 20% GAAP or 16% to 17% non GAAP. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. Revenue of $494,600,000 rose by 120.51% from the same period last year, which beat the estimate of $443,100,000. 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The non-GAAP results, determined in accordance with our internal policies, exclude the impact of the following GAAP items (see reconciliation tables below for additional information): share-based compensation expense, fair value adjustment of inventory acquired, amortization of purchased intangible assets, changes in fair value of contingent consideration, restructuring and related expenses, upfront payments related to licenses and other strategic agreements, acquired in-process research and development, impairment of purchased intangible assets, gains and losses related to strategic equity investments, litigation charges, gain or loss on sale of a business or asset, gain or loss related to purchase options, contingent milestone payments associated with acquisitions of legal entities accounted for as asset acquisitions, acquisition-related costs and certain adjustments to income tax expense. 2019 highlights We began 2019 with a solid foundation of science, innovation and a willingness to push the boundaries of medicine in order to better serve people living with rare diseases. Company News HQ is a global business news portal. Non-GAAP income tax expense was $85.8 million, compared to $88.5 million in the fourth quarter of 2018. Prior to that, the total Want to share your news with your industry? It is the leading industry news source for major companies across a number of industry verticals. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Total revenues for the full year of 2019 were $4,991.1 million, a 21 percent increase compared to 2018. Top 1000 Companies Ranked by Revenue – in Multiple Sectors & Countries. Find detailed stats on Alexion Pharmaceuticals revenue on Craft. Alexion (ALXN) delivered earnings and revenue surprises of 12.05% and 1.87%, respectively, for the quarter ended September 2019. Competitors of Alexion Pharmaceuticals include Regeneron Pharmaceuticals, Aravive and Deciphera Pharmaceuticals. Non-GAAP income tax expense for the twelve months ended December 31, 2019 also excludes certain one-time tax benefits of $95.7 million and $30.3 million associated with a tax election made with respect to intellectual property of Wilson and a release of an existing valuation allowance, respectively, and excludes a one-time tax expense of $10.2 million related to the July 1, 2019 integration of Wilson intellectual property into the Alexion corporate structure. Non-GAAP diluted EPS was $2.71, compared to $2.14 in the fourth quarter of 2018. Additionally, during the three and twelve months ended December 31, 2019, we recognized an unrealized gain of $19.3 million and $26.9 million, respectively, in investment income to adjust our remaining strategic equity investments to fair value. Alexion Pharmaceuticals, Inc (NASDAQ: ALXN) | 2019 Annual Report. GAAP earnings per share is expected to be between $8.13 and $8.41 and non-GAAP earnings per share is expected to be between $9.65 in $9.85. Necessary cookies are absolutely essential for the website to function properly. “I am confident we are well positioned for the future and will build on our momentum in 2020, with a continued focus on delivering long-term shareholder value by advancing our mission of developing and delivering transformative medicines for people with rare diseases.”. Updated guidance includes the financial impact of the recently announced agreement to acquire Achillion, which closed in January 2020. Today is #EmployeeAppreciationDay and we are deeply grateful for the dedication and resilience of our 3,000+ employees worldwide. A MESSAGE FROM OUR CEO. In addition, the company is developing several mid-to-late-stage therapies, including a copper-binding agent for Wilson disease, an anti-neonatal Fc receptor (FcRn) antibody for rare Immunoglobulin G (IgG)-mediated diseases and an oral Factor D inhibitor as well as several early-stage therapies, including one for light chain (AL) amyloidosis, a second anti-FcRn therapy, a second oral Factor D inhibitor and a third complement inhibitor. In addition, Alexion has two highly innovative enzyme replacement therapies for patients with life-threatening and ultra-rare metabolic disorders, hypophosphatasia (HPP) and lysosomal acid lipase deficiency (LAL-D). Morgan Sanford - Director of Investor Relations. Our objectives reflected an ambition to expand our leadership in rare disease through new and existing indications while creating meaningful value for all our stakeholders. 2020 financial guidance assumes a GAAP effective tax rate of 15.5 to 16.5 percent and a non-GAAP effective tax rate of 16.0 to 17.0 percent for the year. This press release and further information about Alexion can be found at: www.alexion.com. During the three and twelve months ended December 31, 2018, we recognized unrealized gains of $57.7 million and $43.1 million, respectively, in investment income to adjust our strategic equity investments to fair value. ULTOMIRIS net product sales were $170.2 million in the fourth quarter of 2019. Total revenues in the second quarter were $1,444.6 million , a 20 percent increase compared to the same period in 2019. Alexion Pharmaceuticals annual net income for 2020 was $0.603B, a 74.9% decline from 2019. Non-GAAP income tax expense for the three and twelve months ended December 31, 2019 excludes a one-time tax benefit of $382.2 million related to the intra-entity asset transfer of intellectual property within our captive foreign partnership. The company revised up its full-year revenue guidance and the stock gained sharply during the premarket session. Looking back at the last five years, Alexion Pharmaceuticals's revenue peaked in March 2020 at $5.295 billion. Caelum and Alexion Announce Upcoming Data Presentations at the 62nd American Society of Hematology Annual Meeting and Exposition, Alexion Reports Third Quarter 2020 Results. Net product sales were $4,990.0 million, compared to $4,130.1 million in 2018. GAAP cost of sales was $394.5 million, compared to $374.3 million in 2018. Susan Altschuller - Vice President of Investor Relations. You also have the option to opt-out of these cookies. Net product sales were $1,384.2 million in the fourth quarter of 2019, compared to $1,128.5 million in the fourth quarter of 2018. Alexion Pharmaceuticals's revenue hit its five-year low in December 2015 of $2.604 billion. Alexion is a global biopharmaceutical company focused on developing life-changing therapies for people living with rare … These cookies will be stored in your browser only with your consent. Boston biotech Alexion Pharmaceuticals Inc.’s fight to keep a hold on its flagship drug Soliris encountered a new challenge Friday, causing a stock … Alexion Pharmaceuticals total assets for the quarter ending December 31, 2020 were $18.103B, a 3.18% increase year-over-year. The negative impact of foreign currency on total revenues year-over-year was 1 percent, or $45.1 million, inclusive of hedging activities. In conjunction with this amendment, we recognized a gain of $32.0 million in other income and (expense), which reflects an increase in the fair value of the option, less incremental upfront funding and the change in the fair value of contingent payments which we also modified as part of the amendment. Selling, general and administrative expense: Acquired in-process research and development (3), Change in fair value of contingent consideration (4), (Gains) and losses related to strategic equity investments (5), GAAP earnings (loss) per common share – diluted, Non-GAAP earnings per common share – diluted, Shares used in computing diluted earnings (loss) per common share (GAAP), Shares used in computing diluted earnings per common share (non-GAAP). DOWNLOADS. On a GAAP basis, diluted EPS in the quarter was $4.00, inclusive of one-time tax benefits related to intra-entity asset transfers of intellectual property, compared to $(0.20) in the prior year, inclusive of $379.3 million of expense related to the value of the in-process research and development asset acquired in connection with our acquisition of Syntimmune in the fourth quarter of 2018. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Alexion@AlexionPharma2 days ago. This website is intended only for residents of the United States. Downloads. In addition, we capitalized $326.1 million and $255.3 million of right of use assets and lease liabilities, respectively, within our condensed consolidated balance sheet upon adoption. Conference Highlights: The results also topped the Street view. Craft can deliver 250+ data points of financial, operating, and human capital indicators on companies via API. EPS $6.76 to $7.96 GAAP, $9.25 to $9.45 non-GAAP. Need Data? GAAP income tax benefit was $225.5 million, inclusive of one-time tax benefits related to intra-entity asset transfers of intellectual property, compared to expense of $164.6 million in 2018. Current and historical p/e ratio for Alexion Pharmaceuticals (ALXN) from 2006 to 2020. The audio webcast can be accessed on the Investor page of Alexion’s website at: http://ir.alexion.com. Jan 30,2020 | Chugai Announces 2019 Full Year Results and Forecasts for 2020 | News | CHUGAI PHARMACEUTICAL CO., LTD. STERIS To Participate in Upcoming Investor Conferences | STERIS plc, Allergan Aesthetics Launches Dedicated Multi-Channel Campaign To Contact Patients Who May Not Be Aware Of The BIOCELL® Recall And To Improve Tracking Information For U.S. Non-GAAP diluted EPS for the fourth quarter of 2019 was $2.71, a 27 percent increase versus the fourth quarter of 2018. Ron DeSantis vows state will not lock down despite Biden’s warning in address. It is mandatory to procure user consent prior to running these cookies on your website. Non-GAAP cost of sales was $380.3 million, compared to $352.5 million in 2018. Alexion Pharmaceuticals revenue for the twelve months ending December 31, 2020 was … Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. In connection with the agreement of the final working capital adjustment for the Syntimmune acquisition, we recognized a benefit of $4.1 million associated with previously acquired in-process research and development in the second quarter of 2019. Alexion Pharmaceuticals annual/quarterly revenue history and growth rate from 2006 to 2020. Foreign Secretary statement on radical changes to Hong Kong’s electoral system. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for, or superior to, the financial measures prepared and presented in accordance with GAAP, and should be reviewed in conjunction with the relevant GAAP financial measures. 2019 ANNUAL REPORT. (4) Changes in the fair value of contingent consideration expense for the three and twelve months ended December 31, 2019 as well as the three months ended December 31, 2018 include the impact of changes in the expected timing of achieving contingent milestones, in addition to the interest component related to the passage of time. Alexion focuses its research efforts on novel molecules and targets in the complement cascade and its development efforts on the core therapeutic areas of hematology, nephrology, neurology, metabolic disorders and cardiology. Terms of Use. Upon adoption of the new lease standard, we derecognized $472.8 million of property, plant and equipment and other assets and $372.2 million of facility lease obligations associated with previously existing build-to-suit arrangements which resulted in a decrease of $90.3 million to retained earnings, net of tax. Total assets can be defined as the sum of all assets on a company's balance sheet. DOWNLOADS. GAAP diluted EPS was $4.00, inclusive of one-time tax benefits related to intra-entity asset transfers of intellectual property in the fourth quarter of 2019, compared to $(0.20) in the fourth quarter of 2018, inclusive of $379.3 million of expense related to the value of the in-process research and development asset acquired in connection with our acquisition of Syntimmune. Alexion disclaims any obligation to update any of these forward-looking statements to reflect events or circumstances after the date hereof, except when a duty arises under law. GAAP R&D expense was $269.6 million, compared to $205.6 million in the fourth quarter of 2018. Alexion Pharmaceuticals 2020 annual EBITDA was $3.015B, a 20.74% increase from 2019. (6) In December 2019, we amended the terms of our agreement with Caelum Biosciences (Caelum) with respect to the option to acquire the remaining equity in Caelum. The company has since been renamed Alexion Antibody Technologies Inc. ALEXION PHARMACEUTICALS, INC. TABLE 1: CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share amounts) (unaudited) Three months ended March 31, 2020 2019. Breast Implant Patients, Merck’s KEYTRUDA® (pembrolizumab) Superior to Standard of Care Chemotherapy in Patients with MSI-H Colorectal Cancer, Fauci says vaccine hesitancy among Republicans poses a risk, Delhi reports 407 new COVID-19 cases in last 24 hours, Pret A Manger strikes deal to sell baked treats in Tesco stores, Nike’s Film on Motherhood Celebrates Female Strength, Iran: Foreign Secretary issues statement on Nazanin Zaghari-Ratcliffe case, Worldwide COVID-19 Cases Approach 120 million, Johns Hopkins Says, Posties pick-up over one million parcels since launch of Parcel Collect, Working with T. 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The 2020 GAAP and non-GAAP tax rates do not benefit from one-time events that benefited the tax rates in 2019. As the global leader in complement biology and inhibition for more than 20 years, Alexion has developed and commercializes two approved complement inhibitors to treat patients with paroxysmal nocturnal hemoglobinuria (PNH) and atypical hemolytic uremic syndrome (aHUS), as well as the first and only approved complement inhibitor to treat anti-acetylcholine receptor (AchR) antibody-positive generalized myasthenia gravis (gMG) and neuromyelitis optica spectrum disorder (NMOSD). Headquartered in Boston, Massachusetts, Alexion has offices around the globe and serves patients in more than 50 countries.
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