Novo Nordisk to buy Alkermes facility for $92.5 million
Neuroscience-focused biopharma Alkermes (Nasdaq: ALKS) has entered into a definitive agreement to sell its development and manufacturing facility in Athlone, Ireland, to Danish pharma major Novo Nordisk (NOV: N) for $92.5 million.
Alkermes will continue to be headquartered in Irish capital Dublin, but the company’s manufacturing will be carried out at its facility in Wilmington, Ohio, USA. The firm also has a research and development center in Waltham, Massachusetts.
"We expect this transaction to drive operational efficiencies and enhance profitability over the long term"Around 400 staff based at Alkermes’ Athlone site will join Novo Nordisk.
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