Exhibit 99.1
James Frates
Chief Financial Officer
Alkermes, Inc.
(617) 494-0171
  Rebecca Peterson
Vice President, Corporate Communications
Alkermes, Inc.
(617) 583-6378
Company Reports Strong Financial Performance with Record Net Income
of $167 million for Fiscal 2008 —
Company Expects Increased Revenues from RISPERDAL® CONSTA® and
Positive Cash Flows from Operations in Fiscal 2009 —
Cambridge, MA, May 22, 2008
— Alkermes, Inc. (NASDAQ: ALKS) today reported financial results for its fiscal year ended March 31, 2008. Financial highlights for the year include the following:
§   Record GAAP net income of $167.0 million.
§   Manufacturing and royalty revenues from RISPERDAL® CONSTA® of $124.6 million. Worldwide sales of RISPERDAL CONSTA by Janssen, Division of Ortho-McNeil-Janssen Pharmaceuticals, Inc. (Janssen - Cilag outside the U.S.) were approximately $1.2 billion in fiscal 2008, a 27 percent increase over sales of RISPERDAL CONSTA in fiscal 2007.
§   Repurchase of 7.0 million shares of common stock for $93.4 million as part of an ongoing stock repurchase program.
§   Strong financial position, with cash and total investments of $460.4 million.
“We are very proud of our financial results for fiscal 2008. The foundation of our business is strong and enables us to invest in our pipeline while also continuing our stock repurchase
 Page 1 of 9 


The following information was filed by Alkermes Inc on Thursday, May 22, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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