SHARE

Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) has released data, compiled over a period of 2-years, from phase 2/3 trial studies of its drug Kanuma. The drug was targeted at an infant population, with lysosomal acid lipase deficiency (LAL-D). The data seems to be promising, as it reported a 56% survival benefit, in patients over 2-years of age, who earlier had a rapidly developing LAL-D. The disease is mainly genetic and is ultra-rare amongst infants.

Not only did Kanuma successfully extend the life of these patients, but in fact, the drug made them healthier as well. A total of 4 out 5 patients demonstrated normal development, in this regard. Alexion released this data during the 12th Annual World Symposium, which was held in San Diego. The company also released initial results, concerning patient safety, from an ongoing Kanuma trial in adults and children, with LAL-D.

The executive VP and head of global R&D at Alexion, Martin Mackay, explained that infants with LAL-D usually lack a vital-enzyme in their system. As a result, they suffer organ damage and a risk of death, as they grow older. He further clarified that this usually happens before the infants 1st birthday. However, the data from Kanuma studies show that some children were able to survive beyond 5-years of age. Kanuma is also expected to achieved the 2016 New Treatment award, for achieving regulatory approval in the US and EU.

Apart from making significant progress with Kanuma, the company also filed an 8-K, updating the public on its updated employment agreements. The list included the agreements with the CEO, David Hallal, Martin Mackay and Vikas Sinha, CFO at Alexion, amongst other executives. The agreements contain a three-year-term for the executives, with an automatic 1-year extension, if the company or the executives notifies the other prior to the end of the contract. Added to this, the contracts mark the end of provisions to the executives.

Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) had a trade volume of 1.33 million and lost 3.79% of its share value, during the March 3 session, to reach a close at $145.85.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

https://www.journaltranscript.com/disclaimer

SHARE
Previous articleSyndax Pharmaceuticals Inc (NASDAQ:SNDX) Has Exciting First Day at NASDAQ
Next articleCerus Corporation (NASDAQ:CERS) Reaches a Purchase Agreement for its INTERCEPT Technology by Banco de Sangre
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

LEAVE A REPLY