Obsession with Soliris should not detract from Alexion pipeline, says analyst
A broker’s report on Alexion Pharmaceuticals (Nasdaq: ALXN) has found that the popular perception of the US pharma as the 'Soliris (eculizumab) company' does not do justice to its pipeline.
Alexion is seeking to grow beyond the runaway success of the blood disorder therapy, which is used to treat paroxysmal nocturnal hemoglobinuria (PNH) and atypical hemolytic uremic syndrome and brought in more than $3.5 billion in sales for the firm last year.
With Soliris’ exclusivity due to end in 2020 in Europe and 2026 in the USA and competitors looming, there has been a perception that the company’s future hinges on the success of Ultomiris (ravulizumab-cwvz), causing an overhang on its stock.
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