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I noticed Alexion when both Salomon and Robertson Stephens issued "strong buys" several weeks ago. In reviewing their portfolio, it appears that they are targeting the following areas: (a) Xenotransplantation, with U.S. Surgical as a partner, and with U.S. Surgical recently purchasing $3 million in ALXN at $17.97 (b) Cardiopulmonary disease, utilizing C5 Complement Inhibitors, with a succesful Phase I/II completed for cardiopulmonary bypass, and with pre-clinical work for myocardial infarction, and (c) Autoimmune disease, with what they refer to as Apogen T-Cell Therapeutics, with the intent to initially file an IND in '97 for MS, following strong pre-clinical data. With the conversion to stock from private placements, there are probabaly some 9 million shares outstanding. I am researching the company and am interested if anyone has an informed opinion as to the prospects for this company. |