Exhibit 99.1

 

 

Alkermes Contacts:

 

For Investors:

Sandy Coombs

+1 781 609 6377

 

 

Eva Stroynowski

+1 781 609 6823

 

For Media:

Jennifer Snyder

+1 781 609 6166

 

Alkermes Plc Reports First Quarter 2018 Financial Results

 

First Quarter Revenues Increase to $225.2 Million, Primarily Driven by 20% Year-Over-Year Growth of Proprietary Product Net Sales

Company Reports GAAP Net Loss per Share of $0.40 and Non-GAAP Net Loss per Share of $0.09

ALKS 5461 NDA Accepted for Regulatory Review;
Assigned Jan. 31, 2019 PDUFA Date

Company Updating Financial Expectations for 2018

 

DUBLIN, Ireland, Apr. 26, 2018

— Alkermes plc (Nasdaq: ALKS) today reported financial results for the first quarter of 2018.

 

“Our first quarter results were in line with our expectations and reflect the solid growth of our proprietary commercial products and the continued strength of our royalty and manufacturing business,” commented James Frates, Chief Financial Officer of Alkermes. “Today, we are updating our financial expectations for 2018, driven primarily by the timing of investments we will make in our commercial organization in preparation for the potential launch of ALKS 5461 in 2019. We remain well positioned to execute on our strategy to drive long-term value through important investments in our development pipeline and the growth of VIVITROL® and ARISTADA®.”

 

Quarter Ended Mar. 31, 2018 Financial Highlights

 

·                  Total revenues for the quarter were $225.2 million. This compared to $191.8 million for the same period in the prior year, representing an increase of 17%.

 

·                  Net loss according to generally accepted accounting principles in the U.S. (GAAP) was $62.5 million for the quarter, or a basic and diluted GAAP net loss per share of $0.40. This compared to GAAP net loss of $68.9 million, or a basic and diluted GAAP net loss per share of $0.45 for the same period in the prior year.

 

1


The following information was filed by Alkermes Plc. (ALKS) on Thursday, April 26, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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