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Stock impact report

Alkermes stock jumps 3% premarket after FDA approves injectable schizophrenia treatment [MarketWatch]

Alkermes plc - Ordinary Shares (ALKS) 
Last alkermes plc - ordinary shares earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: MarketWatch
Alkermes stock jumps 3% premarket after FDA approves injectable schizophrenia treatment Alkermes Plc shares ALKS, +0.88% rose about 3% in premarket trade Monday, after the company said the U.S. Food and Drug Administration has approved its long-acting injectable atypical antipsychotic for the treatment of schizophrenia in adults. "For the first time, ARISTADA INITIO, in combination with a single 30 mg dose of oral aripiprazole, provides physicians with an alternative regimen to initiate patients onto any dose of ARISTADA on day one," the company said in a statement. The treatment is expected to support schizophrenia patients who have difficulties with medication complicance and continuity of care, notably for those moving from inpatient to outpatient care. "The approval of ARISTADA INITIO makes ARISTADA the first and only long-acting atypical antipsychotic that can be initiated on day one, representing an important addition to the treatment paradigm for the complex illness of schiz Show less Read more
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