Alexion Pharmaceuticals Inc. moving headquarters from New Haven to Boston

<p>Alexion Pharmaceuticals Inc. has announced its relocating its headquarters from New Haven to Boston.</p>

News 12 Staff

Sep 12, 2017, 3:02 PM

Updated 2,447 days ago

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Alexion Pharmaceuticals Inc. moving headquarters from New Haven to Boston
Alexion Pharmaceuticals Inc. has announced its relocating its headquarters from New Haven to Boston.
In what it calls a plan to "re-align the global organization with its refocused corporate strategy," the company also announced today it is cutting 20-percent of its workforce.
According to the company, about 400 jobs will move to Boston by the middle of next year. The company will maintain a research and development center in New Haven with about 450 employees.
Alexion says the moves are expected to save about $270 million annually, and allow the reinvestment of about $100 million a year into research and development.
Chief Executive Officer Ludwig Hantson says the moves "will create a leaner organization with greater financial flexibility."
Alexion developed Soliris, a high-priced treatment for two rare genetic disorders.
The Associated Press wire services helped contribute to this report.


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