Alkermes Plc Stock Price, News & Analysis

Alkermes has named former MLB player CC Sabathia as the spokesperson for its My Relationship with Alcohol campaign. This initiative aims to raise awareness about alcohol dependence and encourages individuals to seek help from healthcare providers. Sabathia, who has publicly shared his recovery journey, emphasizes the importance of addressing alcohol dependence as a chronic disease rather than a personal failing. The campaign is timed with societal shifts post-pandemic, highlighting the need for support and education on mental health related to alcohol consumption.

Alkermes plc (Nasdaq: ALKS) announced new data from its ARTISTRY clinical program regarding nemvaleukin alfa, an investigational immunotherapy, presented at the 2021 ASCO Annual Meeting. Key highlights include updated efficacy and safety data from the ARTISTRY-1 phase 1/2 study, showing anti-tumor activity in melanoma, renal cell carcinoma, and platinum-resistant ovarian cancer. The ARTISTRY-2 study data support a recommended phase 2 dose for subcutaneous nemvaleukin, providing early signs of anti-tumor activity. Adverse events were manageable. The company is committed to developing treatments for difficult-to-treat cancers.

Alkermes plc (Nasdaq: ALKS) will participate in a virtual fireside chat at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 9, 2021, at 10:30 a.m. ET. The event will be available under the Investors tab on their website and archived for 14 days. Alkermes is a global biopharmaceutical company focused on developing innovative medicines for neuroscience and oncology, with a portfolio addressing addiction, schizophrenia, and bipolar I disorder.

Alkermes plc (Nasdaq: ALKS) announced FDA approval for LYBALVI™ (olanzapine and samidorphan) to treat adults with schizophrenia and bipolar I disorder. LYBALVI is a once-daily oral atypical antipsychotic that combines olanzapine and the new chemical entity samidorphan, showing efficacy with less associated weight gain compared to olanzapine. The approval follows the ENLIGHTEN clinical development program, which included 27 studies. Alkermes plans to commercialize LYBALVI in Q4 2021, enhancing its existing antipsychotic market presence alongside ARISTADA®.

Alkermes plc (Nasdaq: ALKS) will host a webcast on June 4, 2021, at 4:00 p.m. ET to discuss data from its ARTISTRY-1 and ARTISTRY-2 clinical trials on the cancer immunotherapy candidate nemvaleukin alfa. The session features expert oncologists, including Valentina Boni and Omid Hamid, who will present findings related to advanced solid tumors. Participants can access the live audio webcast and slides via the Alkermes website. Details on poster presentations at the ASCO Annual Meeting will also be shared, highlighting innovative cancer treatment approaches.

Alkermes plc (Nasdaq: ALKS) appointed Emily Peterson Alva as an independent director to its Board of Directors. Alva, a seasoned public company board member and former Lazard M&A Partner, brings extensive experience in strategic and financial matters, particularly in healthcare and pharmaceuticals. Her addition marks the fifth independent director appointment in two years, reinforcing Alkermes' commitment to board diversity and strong governance. CEO Richard Pops expressed confidence in her insights to enhance value creation for shareholders and drive impactful patient solutions.

Alkermes plc (Nasdaq: ALKS) announced the opening of applications for its Alkermes Inspiration Grants program on May 20, 2021. This initiative, now in its fifth year, offers up to $500,000 in grants to nonprofit organizations addressing the needs of individuals affected by addiction, serious mental illness, or cancer. The program prioritizes projects helping historically under-resourced communities. Applications will be accepted until June 17, 2021. Alkermes aims to support programs with a broad reach and sustained impact in healthcare.

Alkermes plc (Nasdaq: ALKS) will participate in a virtual fireside chat at the BofA Securities 2021 Healthcare Conference on May 12, 2021, at 2:45 p.m. ET. The presentation can be accessed through the Investors tab on their website and will be archived for 14 days. Alkermes is a biopharmaceutical company focused on developing medicines for neurological and oncological diseases, with a portfolio targeting addiction and schizophrenia. The company operates from Dublin, Ireland, and has facilities in Massachusetts, Ireland, and Ohio.

Alkermes plc (Nasdaq: ALKS) announced a new agreement with Sarissa Capital Management, granting Sarissa the right to designate a director to Alkermes' Board of Directors. This comes after two years of board refreshment efforts, which have added four independent directors. CEO Richard Pops emphasized the importance of shareholder input in identifying new board members to enhance strategic priorities and create shareholder value. Sarissa Capital's Alex Denner expressed confidence in Alkermes' assets and plans for improved capital allocation and operational excellence.