Alkermes, the Cambridge, MA-based developer of technology to make longer-lasting drugs, said today the FDA has approved risperidone (Risperdal Consta) as a treatment for bipolar disorder. The medicine, first approved in 2003 as a long-acting drug for schizophrenia, is marketed by Johnson & Johnson using technology from Alkermes (NASDAQ: [[ticker:ALKS]]). Before today’s approval, the medicine was already Alkermes’ biggest product, and has turned it into a consistently profitable company.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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