DeviceSpace.com
Medical Device and Diagnostics
News & Jobs
 
Search the Site
    
 
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login           Employers:  Register | Login  

 News | News By Subject | News By Date | Search News
Get Our Industry eNewsletter FREE email:    
 Print  Email    

Alkermes plc (ALKS) Files Resale Shelf Registration in Connection with Elan Corporation PLC (ELN) Shareholder Agreement


2/17/2012 6:47:08 AM

DUBLIN--(BUSINESS WIRE)--Alkermes plc (NASDAQ: ALKS) today filed a resale shelf Registration Statement on Form S-1 with the Securities and Exchange Commission (“SEC”) relating to the potential future sales by a subsidiary of Elan Corporation, plc (“Elan”) of up to 31,900,000 ordinary shares of Alkermes plc (“Alkermes”), pursuant to the shareholder’s agreement between Alkermes and Elan entered into in connection with the business combination of Elan’s drug technology unit and Alkermes, Inc., which was completed in September 2011. Any sale of these shares is governed by the terms of the shareholder’s agreement. Under the shareholder’s agreement, Elan will have the right to sell up to approximately 13 million shares of the registered amount in a marketed, underwritten public offering after the expiry of the initial lock-up period, unless Alkermes consents to the sale of a greater number of shares. The remaining shares will be saleable on a delayed basis. Any offering of these securities will be made only by means of a prospectus and a related prospectus supplement.

Read at BioSpace.com

 Read Article at  Related Companies  News Categories
   


ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES
 
    

//-->