Tear Sheet: Alkermes PLC - S&P Global Ratings’ Credit Research

Tear Sheet: Alkermes PLC

Tear Sheet: Alkermes PLC - S&P Global Ratings’ Credit Research
Tear Sheet: Alkermes PLC
Published Sep 06, 2024
7 pages (2343 words) — Published Sep 06, 2024
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

. The company's results were underpinned by solid performance in its proprietary product portfolio. Lybalvi growth continues to accelerate and accounted for 18% of revenues in the second quarter, up from 12% in full year 2023. Although we project revenues to decline to about 6%-8% in 2024, we expect the company's revenues to increase between 5% and 7% when excluding the one-time $197 million back pay for Invega royalties received in 2023. We anticipate revenues to increase by between 4% and 6% in 2025 as the growth in Lybalvi and its other proprietary products are offset by a decline in Invega royalties, a portion of which will end in mid-August of this year. . We forecast the company to generate

  
Brief Excerpt:

...Rating Component Scores Foreign currency issuer credit rating ##/Stable/-- Local currency issuer credit rating ##/Stable/-- Business risk Weak Country risk Very Low Industry risk Low Competitive position Weak Financial risk Intermediate Cash flow/leverage Intermediate Anchor ## Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Adequate (no impact) Management and governance Neutral (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile ##...

  
Report Type:

Full Report

Ticker
Issuer
GICS
Biotechnology (35201010)
Sector
Global Issuers
Country
Region
Europe , Middle East , Africa
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Alkermes PLC" Sep 06, 2024. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Alkermes-PLC-3245843>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Alkermes PLC Sep 06, 2024. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Alkermes-PLC-3245843>
  
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