Alkermes Announces Agreement with Sarissa Capital
Grants Sarissa Right to Designate Director to Alkermes Board
DUBLIN, April 30, 2021 /PRNewswire/ Alkermes plc (Nasdaq: ALKS) today announced that it has reached an agreement with Sarissa Capital Management LP ( Sarissa Capital ), a beneficial owner of approximately 5% of the company s outstanding ordinary shares, pursuant to which Sarissa Capital has the right to designate a director to the company s Board of Directors (the Board ).
This agreement follows constructive dialogue between the parties related to the company s strategic priorities and ongoing Board refreshment efforts. Alkermes initiated a robust board refreshment program two years ago and has since added four new independent directors to the Board.