Pharma BD Deal Intelligence

Alexion Pharmaceuticals Inc. / Wilson Therapeutics AB

2018 · Acquisition/Merger · $855M · Complete

WRONG BY 43 POINTS

Alexion paid ~$855M for a Wilson disease drug that AstraZeneca (its eventual acquirer) killed in 2023 and then gave away for a $4M upfront in 2024 — a near-total writeoff.

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The coverage arc

Apr 11, 2018 BioPharma Dive Neutral

Characterized the $855M takeover as a logical bolt-on for Alexion's metabolic and neurologic rare-disease focus, while noting investor skepticism about…

Apr 11, 2018 Piper Jaffray (via The Fly) Bullish

Piper Jaffray said the acquisition 'makes a lot of sense,' citing significant unmet need in Wilson disease despite two approved but marginally effective…

Sep 01, 2023 FierceBiotech Bearish

Reported AstraZeneca's decision to drop ALXN1840 after FDA discussions, retroactively casting Alexion's $855M Wilson Therapeutics buy as a value-destructive…

Source summaries from our enrichment pipeline; follow links for originals.

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Alexion announced April 11, 2018 cash tender offer for Stockholm-based Wilson Therapeutics at SEK 232/share, total equity value ~$855M. Adds Phase 3 WTX101, a first-in-class copper-binding agent for Wilson disease, an inherited copper metabolism disorder. Strategic fit with Alexion's metabolic and neurologic rare disease focus to rebuild clinical pipeline post-Soliris dependence.

Did it work? Outcome assessment

Alexion paid ~$855M for a Wilson disease drug that AstraZeneca (its eventual acquirer) killed in 2023 and then gave away for a $4M upfront in 2024 — a near-total writeoff.

Strategic verdict
Failed to Achieve
Financial impact
Impaired/Written Down
Pipeline outcome
Assets Terminated

Key facts

Related deals — scored

DealYearValueOutcome
Alexion Pharmaceuticals Inc. / Wilson Therapeutics AB (this deal)2018$855M20
Alexion Pharmaceuticals Inc. / Synageva BioPharma2015$8.4B36
Alexion Pharmaceuticals Inc. / Syntimmune, Inc.2018$1.2B14
Alexion Pharmaceuticals Inc. / Portola Pharmaceuticals, Inc.2020$1.4B
Alexion Pharmaceuticals Inc. / Achillion Pharmaceuticals, Inc.2019$1.2B
Shire plc / Dyax Corp.2016$5.9B89
Horizon Pharma plc / Hyperion Therapeutics, Inc.2015$1.1B79

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