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EDT merger boosts revenues
May 17, 2012
By: Tim Wright
Alkermes 4Q Revenues: $130.5 million (+155%) 4Q Loss: $63.4 million (loss of $13.1 million 4Q11) FY Revenues: $390.0 million (+109%) FY Loss: $113.7 million (loss of $45.5 million FY11) Comments: Manufacturing and royalty revenues were $326.4 million for the year (+108%). Product sales were $41.2 million (+43%), and R&D revenue was $22.3 million compared to $880,000 FY11. Growth in the quarter and FY reflects the Elan Drug Technologies merger. Results include a charge of $45.8 million related to in-process R&D acquired in the merger.
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