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Celldex Therapeutics, Inc. Message Board

  • bladerunner1717 bladerunner1717 Jul 30, 2013 4:19 PM Flag

    Roche & Alexion (ALXN) in buyout talks

    ALXN has brilliantly turned their complement inhibitor, Soliris, into a $23 billion market cap company. CLDX may actually have a better complement inhibitor in CDX-1135. Of course, CLDX is years behind ALXN, but ALXN has paved the regulatory roadway. And this shows what an orphan indication drug can be worth.

    Shares of Alexion (NASDAQ: ALXN [FREE Stock Trend Analysis]) spiked higher when Bloomberg reported that the pharmaceutical company will be working with Goldman Sachs (NYSE: GS) on a potential takeover by Roche (OTC: RHHBY).

    Shares of Alexion jumped as high as $120.48, or 10.2 percent on the news. More than 2.5 million shares have already been traded, compared to the average of 2.03 million.

    A previous offer from Roche was rejected, but Alexion will be working with Goldman Sachs in the case that Roche raises their offer to a level the pharmaceutical company finds appealing.

    Bladerunner

 
CLDX
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