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$ALKS

7 stories mentioning ALKS

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Wire

Alkermes' Orexin May Have Applicability Outside Sleep, RBC Says

Alkermes' (ALKS) work on developing applications for orexin agonists outside of sleep indications can reposition the firm as a leader in the space, RBC Capital Markets said in a Monday note.As orexin in sleep become ever more crowded, the report said interest in other applications build. RBC analysts project a 50/50 split across the base business and future pipeline."While there may be potential in at least 5 major disorders, we see the strongest support for ADHD and addiction," they said.Alkermes is studying orexin applications for ADHD and fatigue, with initial ADHD data expected in Q4, according to the note."We think near-term data catalysts for these programs can help investors reframe ALKS as a leader in the space," the note said.RBC raised its price target to $56 from $45 while maintaining its outperform rating.Price: $43.13, Change: $+0.68, Percent Change: +1.61%

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Insider Trading

Alkermes Insider Sold Shares Worth $687,007, According to a Recent SEC Filing

Samuel Joseph Parisi, Vice President, Finance (Interim Principal Accounting Officer), on May 29, 2026, sold 16,217 shares in Alkermes (ALKS) for $687,007. Following the Form 4 filing with the SEC, Parisi Samuel Joseph has control over a total of 7,717 ordinary shares of the company, with 7,717 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1520262/000152026226000095/xslF345X05/form4.xml

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Sectors

Sector Update: Healthcare Stocks Advance Late Afternoon

Healthcare stocks advanced late Tuesday afternoon, with the NYSE Healthcare Index and the State Street Healthcare Select Sector SPDR ETF (XLV) each rising about 2%.The iShares Biotechnology ETF (IBB) increased 1.2%.In sector news, President Donald Trump said Tuesday that US Food and Drug Administration Commissioner Marty Makary is resigning, Bloomberg reported.In corporate news, West Pharmaceutical Services (WST) shares were down 3% after the company said in a regulatory filing its global operations were disrupted by a cyberattack.Alkermes (ALKS) shares jumped past 7% after the firm said Tuesday a late-stage trial of Lumryz oral suspension in adults with idiopathic hypersomnia, a rare condition in which patients require excessive sleep, met all primary and secondary targets.Sonida Senior Living's (SNDA) recent stock decline was unwarranted given the broad-based strength in its Q1 results, RBC said in a note. RBC kept its outperform rating and raised its price target to $45 from $39. Shares eased 0.2%.Dr. Reddy's Laboratories (RDY) plans to launch a generic version of Novo Nordisk's (NVO) Ozempic this month in Canada, Bloomberg reported Tuesday, citing Chief Executive Erez Israeli. Dr. Reddy's shares fell 5.3%, and Novo rose 1.1%.

$ALKS$NVO$RDY$SNDA$WST
Sectors

Sector Update: Healthcare Stocks Gain in Afternoon Trading

Healthcare stocks rose Tuesday afternoon, with the NYSE Healthcare Index adding 2.1% and the State Street Healthcare Select Sector SPDR ETF (XLV) climbing 2.2%.The iShares Biotechnology ETF (IBB) increased 1.4%.In corporate news, Alkermes (ALKS) shares jumped past 5% after it said Tuesday a late-stage trial evaluating its investigational Lumryz oral suspension in adults with idiopathic hypersomnia, a rare condition in which patients require excessive sleep, met all primary and key secondary endpoints.Sonida Senior Living's (SNDA) recent stock decline was unwarranted given the broad-based strength in its Q1 results, RBC Capital Markets said in a note. RBC reiterated its outperform rating on the stock and raised its price target to $45 per share from $39. Sonida shares added 1.5%.Agios Pharmaceuticals (AGIO) shares rose 1% after it said Tuesday it has submitted a supplemental New Drug Application to the US Food and Drug Administration seeking accelerated approval of mitapivat for the treatment of sickle cell disease.

$AGIO$ALKS$SNDA
Sectors

Sector Update: Healthcare

Healthcare stocks rose Tuesday afternoon, with the NYSE Healthcare Index adding 2.3% and the State Street Healthcare Select Sector SPDR ETF (XLV) climbing 2.2%.The iShares Biotechnology ETF (IBB) increased 1.4%.In corporate news, Alkermes (ALKS) shares jumped 5% after it said Tuesday a late-stage trial evaluating its investigational Lumryz oral suspension in adults with idiopathic hypersomnia, a rare condition in which patients require excessive sleep, met all primary and key secondary endpoints.

$ALKS
Sectors

Sector Update: Healthcare Stocks Advance Premarket Tuesday

Healthcare stocks were advancing premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.3% and the iShares Biotechnology ETF (IBB) 0.6% higher.Sionna Therapeutics (SION) shares were down more than 5% after the company reported a wider-than-expected Q1 net loss.Alkermes (ALKS) said a late-stage trial evaluating its investigational Lumryz oral suspension in adults with idiopathic hypersomnia, a rare condition in which patients require excessive sleep, met all primary and key secondary endpoints. Alkermes stock was up more than 2% pre-bell.BridgeBio Pharma (BBIO) shares were up more than 1% after the company said it has submitted a new drug application to the US Food and Drug Administration for encaleret, a potential treatment for autosomal dominant hypocalcemia type 1 (ADH1), a rare genetic condition affecting calcium levels.

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Wire

Alkermes' Q1 Revenue Beat Highlights 'Underappreciated' Core Business, RBC Says

Alkermes' (ALKS) better-than-expected Q1 revenue highlights the "underappreciated nature" of the company's core business, analysts at RBC Capital Markets said in a Tuesday note.Management remains confident in the company's competitive position and multiple catalysts can serve as value inflection points, including phase 2 and phase 3 three idiopathic hypersomnia data and early stage ADHD data, the RBC analysts said.Q1 royalty revenue came in better than expected, helped by a strong quarter for Vumerity. RBC now expects $1.81 billion in 2026 revenue and said if the strength continues in Q2, the company could point investors to the higher end of its guidance range, according to the note.RBC said it is looking forward to alixorexton data in idiopathic hypersomnia in H2, which could add another $1 billion in 2035 sales, for a total opportunity of more than $3 billion.While revenue is strong, the company is maintaining its product-by-product and total revenue guidance of $1.73 billion to $1.84 billion, the brokerage added.RBC maintained an outperform rating on Alkermes with a price target of $44.Price: $35.55, Change: $-0.70, Percent Change: -1.93%

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