Alkermes (company)

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Alkermes, plc
Type Public NASDAQALKS
Industry Biotechnology
Headquarters Dublin, Ireland[1]
Key people Richard Pops, CEO
Revenue Increase US$187 Million[2]
Operating income Decrease US$-42.9 Million
Net income Decrease US$-39.6 Million
Total assets Decrease US$452 Million
Total equity Decrease US$392 Million
Employees 1200
Website www.alkermes.com

Alkermes plc is a biopharmaceutical company that focuses on central nervous system (CNS) diseases. The company is the result of a merger in September 2011 between Alkermes, Inc. and Elan Drug Technologies (EDT), the former drug formulation and manufacturing division of Elan Corporation, plc.[3] The company is headquartered in Dublin, and has an R&D center in Waltham, Massachusetts and manufacturing facilities in Athlone, Ireland; Gainesville, Georgia; and Wilmington, Ohio.[1]

Products[edit]

Alkermes has more than 20 commercial drug products and candidates that address serious and chronic diseases such as addiction, schizophrenia, diabetes and depression. Among these, five products are primary to the company: risperidone Long-Acting Injection (generic for Risperdal Consta) for schizophrenia and bipolar 1 disorder,[4][5] paliperidone palmitate (generic for Invega Sustenna in the U.S., Xeplion in Europe) for schizophrenia,[6][7] 4-aminopyridine (generic for Ampyra in the U.S., Fampyra in Europe) to improve walking in patients with multiple sclerosis,[8][9] naltrexone for extended-release injectable suspension (generic for Vivitrol) for alcohol and opioid dependence,[10][11] and exenatide extended-release for injectable suspension (generic for Bydureon) for the treatment of type 2 diabetes. Bydureon is a once-weekly, long-acting form of the drug exenatide (Byetta) and was developed through a partnership between Amylin, Alkermes and Eli Lilly. It is approved in Europe and the U.S.[12]

References[edit]

  1. ^ a b Robert Weisman (10 May 2011). "Alkermes to buy Irish drug maker". Boston Globe. Retrieved 13 October 2011. 
  2. ^ "Alkermes (ALKS) Quarterly Report". WikiInvest. 2011. Retrieved 13 October 2011. 
  3. ^ "Alkermes Reels In Elan's Drug Technology Business". Forbes.com. 9 May 2011. Retrieved 13 October 2011. 
  4. ^ Zacks Equity Research, “Positive Data on Risperdal Consta,” Yahoo! Finance, March 29, 2011.
  5. ^ John M. Grohol, “Risperdal Consta Approved for Bipolar,” PsychCentral.com, May 18, 2009.
  6. ^ Cole Petrochko, “FDA Okays First Monthly Antipsychotic Drug,” MedPage Today, August 5, 2009.
  7. ^ Matt Jarzemsky, “Johnson & Johnson Gets European Approval For Schizophrenia Shot,” The Wall Street Journal, March 9, 2011.
  8. ^ Susan Jeffrey, “FDA Approves Dalfampridine to Improve Walking in Multiple Sclerosis,” Medscape Medical News, January 22, 2010.
  9. ^ Toni Clarke, “Europe backs Acorda, Biogen drug in change of tack,” Reuters, May 20, 2011.
  10. ^ Miranda Hitti, “FDA OKs New Drug to Treat Alcoholism,” WebMD, April 14, 2006.
  11. ^ Rita Rubin, “FDA OKs Vivitrol to treat heroin, narcotic addictions,” USA Today, October 13, 2010.
  12. ^ Denise Mann, "Weekly Shot Gets FDA Nod for Type 2 Diabetes," WebMD, January 27, 2012