Alkermes promotes two to oversee growth plan as CFO Frates departs

As James Frates prepares to depart Alkermes after two decades, the neuroscience company has promoted a pair of executives to lead implementation of the company’s “value enhancement plan” unveiled in December in the wake of discussions with activist investor Elliott Advisors.

Frates, who joined Alkermes plc (NASDAQ:ALKS) in 1998 after a six-year stint at San Francisco wealth management firm Robertson Stephens, will pursue another opportunity. ...