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Alkermes, Inc. (ALKS) [hlAlert]

Rating:
Hold ALKS

Alkermes, Inc. (ALKS) rated Hold by Wedbush Morgan

Posted on: Thursday,  Mar 26, 2009  9:25 AM ET by Wedbush Morgan

Alkermes (ALKS)
rated Hold by Wedbush Morgan.

Alkermes, Inc. is a biotechnology company that develops innovative medicines designed to yield better therapeutic outcomes and improve the lives of patients with serious disease. Alkermes currently has two commercial products: RISPERDAL CONSTA, the first and only long-acting atypical antipsychotic medication approved for use in schizophrenia, and marketed worldwide by Janssen-Cilag, a wholly owned division of Johnson & Johnson; and VIVITROL the first and only once-monthly injectable medication approved for the treatment of alcohol dependence and marketed in the U.S. primarily by Cephalon, Inc. Alkermes' pipeline includes extended-release injectable, pulmonary, and oral products for the treatment of prevalent, chronic diseases such as central nervous system disorders, addiction and diabetes.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/26/2009 9:25 AM Hold
None
11.68
as of 12/24/2008
1 Week   
1 Month   
3 Months   
1 YTD down  -33.81 %

(*) Stock Price at the time of the recommendation.
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