Alexion set to enjoy lower tax rate, shares flying


Alexion (ALXN) shares are +20% following the company's strong earnings report, although the chatter on Twitter is that investors are particularly pleased by the company's new tax structure.

Alexion has "essentially moved its business operations from the U.S. and Switzerland to Ireland," tweets Adam Feuerstein. Cowen says that this will cut the company's guided tax rate in 2014 to 10-11%.

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