Covid-19 vaccine developer AstraZeneca agrees to buy rare disease firm Alexion for $39 billion

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This acquisition is one of the largest deals of the year for the drug industry and would expand AstraZeneca's reach in rare diseases. Alexion has an immunology unit in Boston that serves patients with rare disorders.

New York Leading Covid-19 vaccine developer AstraZeneca agreed on Saturday to buy Boston pharmaceutical firm Alexion for $39 billion.

The acquisition is one of the largest deals of the year for the drug industry and would expand AstraZeneca's reach in rare diseases. Alexion has an immunology unit in Boston that serves patients with rare disorders.AstraZeneca, a British-Swedish drugmaker headquartered in the United Kingdom, has partnered with the University of Oxford to produce a Covid-19 vaccine. It's in the final stages of development and is awaiting authorization from European and British governments.

 

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