Alkermes plc (ALKS) said that it has reached an agreement with Sarissa Capital Management LP, a beneficial owner of about 5% of the company's outstanding ordinary shares, by which Sarissa Capital has the right to designate a director to the company's Board of Directors.

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Alkermes plc (ALKS) said that it has reached an agreement with Sarissa Capital Management LP, a beneficial owner of about 5% of the company's outstanding ordinary shares, by which Sarissa Capital has the right to designate a director to the company's Board of Directors.

RTTNews | Apr 30, 2021 09:21AM EDT

09:20 Friday, April 30, 2021 (RTTNews.com) - Alkermes plc (ALKS) said that it has reached an agreement with Sarissa Capital Management LP, a beneficial owner of about 5% of the company's outstanding ordinary shares, by which Sarissa Capital has the right to designate a director to the company's Board of Directors.

Alkermes noted that it initiated a board refreshment program two years ago and has since added four new independent directors to the Board. This agreement with Sarissa Capital is a continuation of those efforts.

Read the original article on RTTNews ( https://www.rttnews.com/3190424/alkermes-grants-sarissa-right-to-designate-director-to-board.aspx)

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