Alexion Loses $19M in Fourth Quarter

By Turmelle, Luther | New Haven Register (New Haven, CT), January 31, 2014 | Go to article overview

Alexion Loses $19M in Fourth Quarter


Turmelle, Luther, New Haven Register (New Haven, CT)


CHESHIRE » Alexion Pharmaceuticals lost nearly $19 million in the fourth quarter, the company said Thursday, while its full-year earnings for 2013 essentially were flat.

Alexion's fourth-quarter performance translated to a 10 cent per basic share loss. The drug maker had made $80.97 million, or 42 cents per basic share, in the fourth quarter of 2012.

Alexion made $252.89 million or $1.29 cents per basic share for all of 2013. The company made $254.82 million or $1.34 per basic share during all of 2012.Alexion is a biopharmaceutical company focused on producing drugs to treat rare diseases and disorders. Right now, the only drug the company has that has been approved by the U.S. Food and Drug Administration is Soliris.Soliris has been approved by the FDA for treating a life-threatening condition called paroxysmal nocturnal hemoglobinuria that causes a breakdown of red blood cells and leads to anemia, as well as for dealing with atypical hemolytic uremic syndrome, which often leads to kidney failure and death.

"In 2013, we provided Soliris to an increasing number of patients with PNH and aHUS worldwide," Leonard Bell, Alexion's chief executive officer said in a statement. …

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