Alexion CEO, CFO make a sudden exit as internal fraud probe explodes into a crisis
What began a few weeks ago as a delay in its quarterly filing as the result of an internal investigation into a whistle-blower’s allegations on Soliris sales has erupted into an ugly public scandal today at Alexion $ALXN, with both the CEO and CFO out the door.
CEO David Hallal has resigned “for personal reasons,” the company said in a statement. And his departure is effective now. CFO Vikas Sinha is also out “to pursue other opportunities.”
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.