Alkermes Will File Extension For Filing First Quarter Fiscal 2007 Form 10-Q

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Aug. 10, 2006--Alkermes (Nasdaq: ALKS) today announced that it will file a Form 12b-25 with the Securities and Exchange Commission (SEC) in lieu of its Form 10-Q for the first fiscal quarter ended June 30, 2006. This filing extends the due date for the Form 10-Q to August 14, 2006. The extension is necessary in order to provide time for the Company to finalize with its auditors the accounting treatment for certain stock option grants by the Company.

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