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Financial Report: Alkermes

Revenues up 25% in the quarter

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Alkermes

4Q Revenues: $163.4 million (+25%)

4Q Earnings: $3.0 million (loss of $63.4 million 4Q12)

FY Revenues: $575.5 million (+48%)

FY Earnings: $25.0 million (loss of $113.7 million FY12)

Comments: Revenues from the company’s five key commercial products for the quarter grew 26% to $89.5 million. Results reflect the completion of the merger of Alkermes with Elan Drug Technologies (EDT) in Sept. 2011. For the year, revenues included $50.0 million of intellectual property license revenue unrelated to key development programs.

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