Strong Third Quarter Performance
Alkermes delivered a strong third quarter with total revenues of $394.2 million and net sales of $317.4 million, reflecting a 16% year-over-year growth.
Raised Financial Guidance for 2025
The company raised its full-year 2025 guidance, expecting total revenues of $1.43 billion to $1.49 billion, GAAP net income of $230 million to $250 million, and adjusted EBITDA of $365 million to $385 million.
Acquisition of Avadel Pharmaceuticals
Alkermes announced the proposed acquisition of Avadel Pharmaceuticals to diversify its commercial portfolio and strengthen profitability, with the FDA-approved LUMRYZ expected to generate $265-$275 million in net revenue in 2025.
Proprietary Products Performance
VIVITROL net sales reached $121.1 million, ARISTADA $98.1 million, and LYBALVI $98.2 million, with LYBALVI showing 32% year-over-year growth.
Expansion of Orexin 2 Receptor Agonist Portfolio
The orexin 2 receptor agonist portfolio, led by alixorexton, is advancing rapidly with positive Phase II data for narcolepsy type 1 and plans for a global Phase III program.