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Richard F. Pops

Richard F. Pops

Chairman and Chief Executive Officer, Alkermes

Appears in 1 story

Notable Quotes

"This acquisition accelerates Alkermes' entry into the sleep medicine market and enhances our ability to unlock the full potential of our late-stage development pipeline focused on central disorders of hypersomnolence." — Statement on acquisition completion

Stories

Alkermes enters sleep medicine market through Avadel acquisition

Money Moves

Leading combined company's sleep medicine expansion

Alkermes, a neuroscience-focused pharmaceutical company, completed its $2.37 billion acquisition of Avadel Pharmaceuticals on February 12, 2026, gaining immediate entry into the sleep medicine market. The deal adds LUMRYZ, the only once-nightly narcolepsy treatment, to Alkermes' portfolio alongside an emerging pipeline of orexin-based therapies.

Updated May 27