BUZZ-Alkermes rises on Q4 sales beat

Reuters

2025/02/12

** Shares of drugmaker Alkermes ALKS.O rise 6.38% to $34

** Co posts Q4 sales of $430 million, beating analysts' estimate of $379 million - LSEG

** Sees 2025 revenue between $1.3 billion and $1.4 billion vs est $1.4 billion

** Expects mid-stage study data of neurological disorder drug in H2 2025

** Plans to begin early-stage study of drugs to treat sleep disorders

** In the last 12 months, ALKS rose 7.6%

(Reporting by Siddhi Mahatole)

((Siddhiprabhanjan.mahatole@thomsonreuters.com))

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