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Alkermes Moving to Waltham

Luke Timmerman 4/22/09

Alkermes, the Cambridge, MA-based developer of anti-addiction drugs, said today it has signed a lease to move its headquarters to Waltham, MA. The company (NASDAQ: ALKS), which has more than 600 employees, plans to complete the move in early 2010. The move is supposed to save the company $8 million a year starting in fiscal 2011.

Luke Timmerman is the National Biotechnology Editor for Xconomy. You can e-mail him at ltimmerman@xconomy.com, call 206-624-2374, or follow him on Twitter at http://twitter.com/ldtimmerman.


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