# AstraZeneca’s proposed acquisition of Alexion Pharmaceuticals cleared in the EU

- Link: https://www.directorstalkinterviews.com/astrazenecas-proposed-acquisition-of-alexion-pharmaceuticals-cleared-in-the-eu/4121007730
- Published: 2021-07-06T07:51:01+01:00
- Author: Amilia Stone

**[AstraZeneca plc](https://www.directorstalkinterviews.com/ftse-company/astrazeneca/azn.l)**(
[LON:AZN](https://www.directorstalkinterviews.com/ftse-company/astrazeneca/azn.l))
proposed acquisition of Alexion Pharmaceuticals, Inc. has achieved an important 
step towards completion by having cleared the European Commission review.

The clearance follows competition clearances in the United States, Japan and other
countries globally, with a complete list available on astrazeneca.com. Regulatory
clearance in the UK is pending and remains a requirement to complete the deal.

> **Marc Dunoyer, Executive Director and Chief Financial Officer, said**: “We are
> pleased to have secured clearance from the European Commission for the proposed
> acquisition of Alexion, a pioneer in the discovery and development of medicines
> for rare diseases. We are now another step closer to closing the acquisition and
> combining the two companies to create a leader in immunology and precision medicines.
> We continue to progress towards the completion of the acquisition during this 
> quarter.”

The proposed acquisition, first announced in December 2020, would enhance the Company’s
scientific presence in immunology by adding Alexion’s innovative complement-technology
platform and an extensive pipeline. Rare diseases represent a high-growth disease
area with rapid innovation and significant unmet medical needs. Shareholders of 
both companies overwhelmingly supported the acquisition by their votes on 11 May
2021.

Subject to completing the acquisition, a group focusing on rare diseases will be
created. This group will be named ‘Alexion, AstraZeneca Rare Disease’, and will 
be headquartered in Boston, US.

Share on: