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Alkermes to Sell Mfg. Facility in Ireland to Novo Nordisk for $92.5M

Companies enter into subcontracting arrangements to continue certain work currently performed at the Athlone facility.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Alkermes plc has entered into a definitive agreement to sell its development and manufacturing facility and related assets in Athlone, Ireland to Novo Nordisk for $92.5 million, subject to customary closing conditions.   Alkermes and Novo Nordisk also plan to enter into subcontracting arrangements to continue certain work currently performed at the facility for a period of time after closing of the transaction, which may continue through the end of 2025. Alkermes will continue to retain a...

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