Alexion up on SEC filing, good news on 3rd-qtr results and end to investigation

5 January 2017

The clear-up looks to have begun at Alexion Pharmaceuticals (Nasdaq: ALXN) after an alarming few months.

Shares in the US biotech firm rose by 5% in pre-market trading on Thursday at $133.55, after the company made announcements relating to its third-quarter results late on Wednesday.

It announced that it had filed with the US Securities and Exchange Commission its form 10-Q for that quarter, having previously delayed the filing while the company’s board conducted an internal investigation concerning certain sales practices for its drug Soliris (eculizumab), a treatment for rare blood diseases which generated sales of around $2.6 billion in 2015.

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