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ACHILLION PHARMACEUTICALS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Nov 7, 2019. Its latest SEC filing is a SC 13G/A from Feb 16, 2021.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Developed oral drug candidates that targeted part of the immune system for people with rare kidney and blood diseases.

How Did They Make Money?

It earned money from Janssen under a drug-development partnership through research payments and a payment when a clinical milestone was reached; it had not earned money from drug sales.

FY2016 revenue

Who Were Their Customers?

Janssen had held exclusive worldwide rights to develop and commercialize the company's hepatitis C candidates under a collaboration. For future approved drugs, the company had planned to use its own specialized sales team in North America or license rights to third parties in some markets.

Did Revenues Turn Into Profits?

No. It lost $61.7M in FY2016.

Operating income, FY2016
−432% of revenue
▲ +329% (Loss) vs FY2015 (−$15.1M, −23%)
Net income, FY2016
−411% of revenue
▲ +1127% (Loss) vs FY2015 (−$5M, −8%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Sep 30, 2019
Net income
▲ +23% (Loss)
vs −$15.9M in Q3 FY2018
  • Jan 28, 2020 Alexion completed its acquisition of Achillion Shares converted into $6.30 in cash and a contingent value right; Nasdaq trading was suspended at closing.

Grew. Revenue grew 5.8x in 4 years, from $2.6M in FY2012 to $15M in FY2016, about 55% a year.

Moved away from HCV The earlier report covered infectious-disease drug discovery and an HCV collaboration alongside complement medicines. The later report focused on complement inhibitors and said it had no plans to advance the HCV program.

Expanded kidney-disease focus The earlier report emphasized PNH and other blood, muscle and eye conditions as possible uses; the later report focused on rare kidney diseases alongside PNH.

Who Did They Compete With?

Competes with Alexion, Akari Therapeutics, Amgen, Amyndas Pharmaceuticals, Apellis Pharmaceuticals, BioCryst Pharmaceuticals, ChemoCentryx, Ionis Pharmaceuticals, Novartis, Omeros, Ra Pharmaceuticals, Regeneron Pharmaceuticals, and F. Hoffmann-La Roche

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