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Published on 11/6/2008 in the Prospect News High Yield Daily and Prospect News Private Placement Daily.

Alkermes buys back $60 million 7% notes in quarter

By Jennifer Chiou

New York, Nov. 6 - Alkermes, Inc. announced the repurchase of $60 million of its 7% non-recourse Risperdal Consta secured notes during the second quarter of fiscal 2009 ended Sept. 30.

The company said it paid $57.7 million for the notes.

Alkermes is a Cambridge, Mass., pharmaceutical company.


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