Alkermes Launches Competitive Grants Program to Support People Affected by Mental Health and Substance Use
Disorders
–– ALKERMESTM Inspiration Grants Will Award Up to $1 Million for the
Development or Expansion of Innovative Community Programs ––
Alkermes plc (NASDAQ: ALKS), a global biopharmaceutical company developing medicines for the treatment of
central nervous system (CNS) diseases, such as schizophrenia, major depressive disorder and multiple sclerosis, today announced a
new competitive grant program. ALKERMESTM Inspiration Grants are designed to fund high-impact programs that can be
replicable through the ecosystem for people affected by mental health and substance use disorders. The application period is now
open and will run until Oct. 7, 2016.
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“Medications are only one component of comprehensive care for the millions of people affected by mental health and substance use
disorders,” said Richard Pops, Chief Executive Officer of Alkermes. “With our patient-centric approach at the core of everything we
do, we created ALKERMES Inspiration Grants to fund innovative programs that provide critical wraparound support services and have a
meaningful and substantive impact on individuals, families and communities.”
Alkermes will award up to $1 million in grants for the development or expansion of programs to support mental health and
addiction communities in two key areas: improving or enhancing systems of care and/or ensuring the perspective of people affected
by mental illness or addiction is considered and reflected in the development of medicines and delivery of care programs. Eligible
non-profit organizations may submit applications for grants of up to $25,000 (Emergence Grant) or up to $100,000 (Innovation
Grant). Multiple submissions are permitted.
Submissions will be evaluated based on a set of standard criteria and selected by Alkermes in partnership with an external panel
from the community, including a patient advocate, a representative from the criminal justice system, a person in addiction recovery
and a caregiver for someone living with mental illness.
“There is a palpable, sometimes debilitating, prejudice associated with addiction and mental health issues, even for those in
recovery,” said Michael Miller, National Chapter Coordinator for Young People in Recovery and member of the review committee for
ALKERMES Inspiration Grants. “Organizations that truly listen to and learn from those affected by the diseases they support are
critical to the development of better, more effective medicines and care programs. I am eager to see what innovative ideas the
community brings to the table. It’s truly inspiring.”
Only eligible U.S. 501(c)(3) non-profit organizations may apply. These include, but are not limited to, patient organizations
and professional societies. The application process opened today and closes on Oct. 7, 2016. Grants will be awarded to the chosen
organizations in November 2016, and funding will be distributed at the end of the calendar year.
For more information on ALKERMES Inspiration Grants, including the application, submission instructions and evaluation criteria,
visit www.alkermes.com/inspirationgrants.
About Alkermes
Alkermes plc is a fully integrated, global biopharmaceutical company developing innovative medicines for the treatment of
central nervous system (CNS) diseases. The company has a diversified commercial product portfolio and a substantial clinical
pipeline of product candidates for chronic diseases that include schizophrenia, depression, addiction and multiple sclerosis.
Headquartered in Dublin, Ireland, Alkermes plc has an R&D center in Waltham, Massachusetts; a research and manufacturing
facility in Athlone, Ireland; and a manufacturing facility in Wilmington, Ohio. For more information, please visit Alkermes’
website at www.alkermes.com.
Note Regarding Forward-Looking Statements
Certain statements set forth in this press release constitute “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended. The company cautions that forward-looking statements are inherently
uncertain. Although the company believes that such statements are based on reasonable assumptions within the bounds of its
knowledge of its business and operations, the forward-looking statements are neither promises nor guarantees and they are
necessarily subject to a high degree of uncertainty and risk. Actual performance and results may differ materially from those
expressed or implied in the forward-looking statements due to various risks and uncertainties. These risks and uncertainties
include, among others, those risks described in the Alkermes plc Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2015
and in other subsequent filings made by the company with the U.S. Securities and Exchange Commission (SEC), which are available on
the SEC's website at www.sec.gov. The information contained in this press release is provided by the company as of the date hereof,
and, except as required by law, the company disclaims any intention or responsibility for updating or revising any forward-looking
information contained in this press release.
Alkermes plc
For Investors:
Sandy Coombs, +1 781-609-6377
or
Eva Stroynowski, +1 781-609-6823
or
For Media:
Jennifer Snyder, +1 781-609-6166
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