BioCentury
ARTICLE | Financial News

Alkermes raises $250 million in direct offering

January 14, 2014 2:02 AM UTC

Alkermes plc (NASDAQ:ALKS) raised $250 million through the sale of 5.9 million shares at $42.25 in a registered direct offering to new investor Invesco Perpetual. The price is a 6% discount to Alkermes' close of $45.13 on Friday, the last trading day before the offering was announced. Alkermes was up $1.25 to $46.38 on Monday. ...