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Alexion Pharmaceuticals, Inc.

Heart disease drug maker reports loss of $1.16 per share

Published in Pharma Investments, Ventures and Law Weekly, November 6th, 2005

Alexion Pharmaceuticals, Inc., (ALXN) announced financial results for its fourth quarter and fiscal year ended July 31, 2005.

For the quarter ended July 31, 2005, Alexion reported revenues of $203,000 compared to $4.15 million for the same period last year. During the fourth quarter last year, the company had recognized a $4 million milestone payment from Procter & Gamble Pharmaceuticals (P&G) related to the APEX-AMI trial.

Total operating expenses for the quarter were $33.83 million compared to $23.37 million in the same quarter last year. The company's research and development expenses for the 3-month period ended July 31, 2005, were $27.62 million...

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