Alkermes: A Slow-Burning Buy Prospect On Orexin-Agonist Promise
Seeking Alpha reports that Alkermes plc was upgraded from Hold to Buy, citing robust revenue growth, pipeline momentum in sleep and CNS disorders, and the Avadel acquisition with the Lumryz launch driving over 20% revenue growth in 2026. The article also notes strong Phase 2 data for Alixorexton in narcolepsy and idiopathic hypersomnia and an advancing orexin pipeline, set against adjusted EBITDA guidance of $370–410M and a GAAP net loss.
Why it matters — Alkermes watchers would care because the article highlights the company's revenue acceleration from Lumryz and its growing orexin pipeline as key drivers of its long-term CNS and sleep-disorder positioning.