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ALEXION PHARMACEUTICALS, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2021 10-Q, filed Apr 30, 2021. Its latest SEC filing is a SC TO-T/A from Nov 16, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Develops and sells medicines for rare diseases and serious bleeding conditions to distributors, pharmacies and hospitals.

How Did They Make Money?

Distributors, pharmacies, hospitals and other healthcare providers pay for medicines after delivery; in some countries, distributors pay when they sell the medicines to the end user.

FY2020 revenue by product or service revenue
SegmentShareRevenue
Net Product Sales
Sold outright

100%
Other revenue
<0.1%
FY2017: 0.1%

Who Were Their Customers?

Distributors and healthcare providers buy Alexion's medicines; in some cases, governments and government agencies also purchase them.

Did Revenues Turn Into Profits?

Yes. It kept 10 cents of every revenue dollar as net income in FY2020 and turned 48 cents into free cash flow.

Operating income, FY2020
10% of revenue
▼ −70% vs FY2019 ($2.1B, 42%)
Net income, FY2020
10% of revenue
▼ −75% vs FY2019 ($2.4B, 48%)
Free cash flow, FY2020
48% of revenue
▲ +50% vs FY2019 ($1.9B, 39%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q1 FY2021, the three months to Mar 31, 2021
Revenue
▲ +13%
vs $1.4B in Q1 FY2020
Net income
▲ +14%
vs $557.6M in Q1 FY2020
Net product sales share of revenue vs 100.0% in Q1 FY2020
  • Jul 22, 2021 AstraZeneca completed its acquisition of Alexion Alexion became a wholly owned AstraZeneca subsidiary.

Grew. Revenue grew 97% in 4 years, from $3.1B in FY2016 to $6.1B in FY2020, about 18% a year.

Added an acute-care medicine The portfolio expanded to include ANDEXXA, a Factor Xa inhibitor reversal treatment for life-threatening or uncontrolled bleeding; the older marketed-products section describes complement and enzyme-replacement therapies.

Added ULTOMIRIS The latest report describes ULTOMIRIS alongside SOLIRIS as a marketed complement inhibitor, while the older marketed-products discussion focuses on SOLIRIS.

Expanded complement treatment to NMOSD The latest report includes NMOSD among conditions treated by an approved complement inhibitor; the older report describes treatment for PNH, aHUS and gMG.

Revenue over time
Net Product Sales Other revenue Product
$10B$5B$0

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