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Alexion Investigating Soliris Sales Practices, Delays Earnings Report

 
• By Mandy Jackson

One analyst that has been tracking Alexion’s delayed SEC filing believes that a former employee’s allegation of improper Soliris sales is unlikely to represent widespread fraud.

Alexion Pharmaceuticals Inc. has postponed the filing of its third quarter earnings report with the US Securities and Exchange Commission (SEC) while an internal investigation is ongoing regarding sales of Soliris (eculizumab), apparently focusing on distribution to appropriate patients in the US.

The New Haven, Connecticut-based company disclosed its third quarter earnings to investors on Oct. 27, but missed a Nov. 9...

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