BioCentury on BioBusiness,
Drug delivery smorgasboard
Monday, February 8, 1999
Alkermes Inc. has taken another step toward its goal of becoming
a smorgasbord of drug delivery technologies, acquiring its first pulmonary delivery
technology and its sixth delivery platform. The company last week said its acquisition
of Advanced Inhalation Research Inc. for $114 million in stock was attractive
because it offers the potential for delivering drugs both to the lungs and to
the general circulation via the lungs.
CEO Richard Pops noted that the acquisition provides ALKS with
a next-generation pulmonary delivery platform because the technology allows
the delivery of large particles
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