January 2, 2018 / 9:25 PM / a year ago

Alexion, Elliott to jointly look for new director

Jan 2 (Reuters) - Alexion Pharmaceuticals Inc said on Tuesday it had agreed to work with hedge fund Elliott Management to identify a new member to join the drugmaker’s board.

Elliott, which has built a stake in Alexion, is urging the company to take more action to boost its stock price, including exploring a sale, the New York Times reported last month. (Reporting by Manas Mishra in Bengaluru; Editing by Shounak Dasgupta)

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