Alkermes' oncology business spin-out completed

15 November 2023

Ireland-headquartered Alkermes (Nasdaq: ALKS) today announced that it has completed the separation of its oncology business into Mural Oncology, a new, independent, publicly traded company. The plan was first announced in November last year.

Mural Oncology is spinning out with $275 million financing and a lead immunotherapy candidate - nemvaleukin alfa, a novel, investigational, engineered interleukin-2 (IL-2) variant immunotherapy - already in two studies in mucosal melanoma and ovarian cancer. 0000.

For its part, Alkermes is now a pure-play, profitable neuroscience company that will continue its work to develop innovative medicines for people living with difficult-to-treat psychiatric and neurological disorders.

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