alexion

NAVY PETTY OFFICER 1ST CLASS TIM D. GODBEE / DEPARTMENT OF DEFENSE

Rhode Island has been hit with some disappointing economic news lately. But RIPR political analyst Scott MacKay says things can be turned around by partnering, rather than competing, with Massachusetts.

Pharmaceutical company Alexion announced Tuesday it will close its plant in Smithfield, taking 250 jobs with it. 

The Smithfield site made a drug known as Solaris, which can treat two genetic disorders, including a rare blood disease. But Alexion CEO Ludwig Hantson said the manufacturing facility does not fit company’s plans for the upcoming launch of new medicines.