WASHINGTON (dpa-AFX) - Alkermes plc (ALKS) said that it has reached an agreement with Sarissa Capital Management LP, a beneficial owner of about 5% of the company's outstanding ordinary shares, by which Sarissa Capital has the right to designate a director to the company's Board of Directors.
Alkermes noted that it initiated a board refreshment program two years ago and has since added four new independent directors to the Board. This agreement with Sarissa Capital is a continuation of those efforts.
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