NEW YORK (Reuters) - Alexion Pharmaceuticals Inc <ALXN.O> posted a better than expected second-quarter profit on Thursday and raised its full-year forecast on strong sales of its expensive rare disease treatment Soliris.
Shares of Alexion - which have been roiled by a scandal related to its sales practices for Soliris as well as management resignations - rose around 6 percent in before the bell trading.
Alexion said it had net income of $165 million, or 73 cents a share, in the quarter, up from $120 million, or 54 cents a share, last year.
Excluding items, the company said it earned $1.56 a share, beating Wall Street estimates by 30 cents, according to Thomson Reuters I/B/E/S.
It now expects full year earnings in the range of $5.40 to $5.55 a share. It had previously forecast earnings of $5.10 to $5.30 a share for the year.
Soliris treats two rare blood disorders and has a U.S. list price of about $480,000 per year. It faces looming competition.
Sales of Soliris were $814 million in the quarter, up 16 percent from last year. Sales volume increased 18 percent year-over-year, the company said.
Alexion's chief executive officer and chief financial officer resigned in December, a month after the company announced it was investigating the allegations related to its sales practices.
(Reporting by Michael Erman; Editing by Frances Kerry)
