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Stock Market & Financial Investment News

News Breaks
January 31, 2013
16:31 EDTELN, ALKSElan sells remaining stake in Alkermes
Elan (ELN) announced that Elan, through its wholly-owned subsidiary, Elan Science Three Limited, agreed to sell, on customary terms, all of its remaining 7.75M ordinary shares of Alkermes (ALKS). The sale is expected to close on February 6.
News For ELN;ALKS From The Last 14 Days
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April 10, 2014
10:00 EDTALKSOn The Fly: Analyst Upgrade Summary
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05:55 EDTALKSAlkermes upgraded to Buy from Neutral at Mizuho
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April 9, 2014
07:49 EDTALKSAlkermes price target raised to $66 from $60 at Leerink
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April 8, 2014
14:43 EDTALKSAlkermes price target rasied to $66 from $60 at Leerink
09:00 EDTALKSAlkermes rises 7.4%
Alkermes is up 7.4%, or $3.03, to $44.13
07:47 EDTALKSAlkermes to host conference call
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07:04 EDTALKSAlkermes announces phase 3 'positive' results from aripiprazole lauroxil study
Alkermes announced "positive" topline results from a randomized, double-blind, placebo-controlled phase 3 clinical trial of aripiprazole lauroxil in patients with schizophrenia. Patients treated once monthly with either 441 mg or 882 mg of aripiprazole lauroxil demonstrated statistically significant reductions from baseline in Positive and Negative Syndrome Scale total scores at week 12, compared to placebo, which was the prespecified primary endpoint in the study. Based on the positive results from this phase 3 study, Alkermes plans to submit a New Drug Application to the U.S. Food and Drug Administration in 3Q14. In addition to meeting the prespecified primary efficacy endpoint, the study also met the prespecified key secondary endpoint of improvement on the Clinical Global Impression-Improvement scale versus placebo at week 12. Aripiprazole lauroxil was generally well tolerated in the phase 3 study, and the safety profile of aripiprazole lauroxil was similar to that reported with oral aripiprazole. The most common adverse events in the study were insomnia, akathisia and headache. Alkermes will present data from the phase 3 study at an upcoming medical meeting and submit the results for publication in a peer-reviewed journal.

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