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4Q EARNINGS ROUNDUP: Alexion, Vertex and Baxter

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Executive Summary

Sometimes a leadership change-up can drive a company's stock lower as investors worry about how the new chief executive will run the business, but Alexion Pharmaceuticals closed 5.8% higher at $188.05 per share on 29 January after the company said founder and CEO Leonard Bell will retire, but announced a 44% increase in annual net product sales and a 69% rise in non-GAAP earnings per share (EPS).

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