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Elliott Management Is Said Push for Changes at Alexion [The New York Times]

Arconic Corporation (ARNC) 
Last arconic corporation earnings: 1/27 06:50 am Check Earnings Report
Photo oliris, a drug to treat twoa rare blood disorders, is Alexion’s primary product. The company has high hopes for a new drug that is essentially an improved version of Soliris and could extend the company’s patent protection by 20 years. Credit Rick Madonik/Toronto Star, via Getty Images LONDON — Alexion Pharmaceuticals has remade its executive ranks over the past year in a bid to turn around its fortunes. But one of the biggest activist hedge funds around thinks that the company’s efforts haven’t been enough. Elliott Management, which has previously taken on the likes of Samsung and the aluminum parts maker Arconic, has built a stake in Alexion and has urged the biopharmaceutical company to do more to lift its stock price, according two people with direct knowledge of the matter who were not authorized to speak publicly. If Alexion’s management does not take action — from offering more aggressive financial performance guidance to Show less Read more
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