Scott+Scott, Attorneys at Law, LLP Reminds Investors of January 22 Deadline in Securities Class Action
Against Alkermes plc (ALKS)
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national securities and consumer rights litigation firm,
reminds investors that a class action lawsuit is pending against Alkermes plc (NASDAQ: ALKS) (“Alkermes” or the “Company”) and
certain officers, related to alleged violations of federal securities laws. If you purchased shares of Alkermes common stock
between February 24, 2015 and November 3, 2017, you are encouraged to a contact a Scott+Scott attorney at (844) 818-6980 for
additional information.
Alkermes is a biopharmaceutical company focused on the development of treatments for central nervous system disorders. The
Company’s products include Vivitrol, a treatment for alcohol and opioid dependence.
The lawsuit alleges that: (1) Alkermes systemically engaged in deceptive marketing campaigns to influence policymakers to use
Vivitrol in addiction treatment programs over more scientifically proven and efficacious alternatives; (2) the foregoing conduct,
when disclosed, would foreseeably subject Alkermes to heightened regulatory and legislative scrutiny; (3) accordingly, the
Company’s revenues derived from Vivitrol were unsustainable; and (4) as a result, Alkermes shares traded at artificially inflated
prices.
On June 11, 2017, The New York Times published an article describing aggressive efforts by Alkermes to market Vivitrol
while denigrating the efficacy of other addiction treatments. On this news, Alkermes stock dropped $2.19 per share, 3.55%, to close
at $59.47 on June 12, 2017.
Then, on November 6, 2017, U.S. Senator Kamala Harris announced the opening of an investigation into Alkermes’ sales practices
for Vivitrol. Senator Harris said that the Company “aggressively marketed” Vivitrol, convincing judges and prison officials to use
it rather than more proven treatments and spent substantial funds lobbying policymakers. On this news, Alkermes stock dropped
$2.23, 4.37%, to close at $48.76 on November 6, 2017.
What You Can Do
If you purchased Alkermes stock between February 24, 2015 and November 3, 2017, inclusive, or if you have questions about
this notice or your legal rights, please contact attorney Rhiana Swartz at (844) 818-6980, or at rswartz@scott-scott.com. Investors have until January 22, 2018, to move for
lead plaintiff.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions
throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with
offices in New York, London, Connecticut, California, and Ohio.
Scott+Scott, Attorneys at Law, LLP
Rhiana Swartz, 844-818-6980
rswartz@scott-scott.com
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