Alexion Pharma Shares Fall After EU Patent Decision
September 05 2019 - 5:55PM
Dow Jones News
By Stephen Nakrosis
Shares of Alexion Pharmaceuticals, Inc. (ALXN) are falling in
Thursday's after-hours market after it said the European Patent
Office decided against granting certain of its patent applications
related to Soliris, a treatment for a rare disorder of the nervous
system.
At 5:11 p.m. EDT, the company's shares had fallen 3.47% to trade
at $96.80. They finished the day's regular trading session with a
2.82% gain, closing at $100.28.
After the bell Thursday, the company said the European Patent
Office determined not to grant patent applications "which relate to
the pharmaceutical compositions of Soliris (eculizumab) and
composition of matter of Soliris."
Alexion said it will evaluate its option to appeal the
decision.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 05, 2019 17:40 ET (21:40 GMT)
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