Alkermes Signs Lease for New Headquarters in Waltham, Massachusetts

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Alkermes, Inc. (NASDAQ: ALKS) today announced plans to move its corporate headquarters to Waltham, Massachusetts from Cambridge, Massachusetts. In connection with the move, the company has signed a lease agreement and is building out a 100,000 square foot facility on Winter Street. The company anticipates that the move will be completed in early calendar year 2010. Alkermes expects the relocation to result in annual cash savings in fiscal year 2011 and beyond of approximately $8 million.