Alk­er­mes CEO Richard Pops wins over ac­tivists with a pledge to shake up the com­pa­ny and boost net in­come

Alk­er­mes CEO Richard Pops is mak­ing nice with the ac­tivists at El­liott Ad­vi­sors spurring the com­pa­ny to slim down and get in bet­ter fi­nan­cial shape. And he’s adding two new in­de­pen­dent board mem­bers to keep close watch on their progress.

In a state­ment out Thurs­day morn­ing, the com­pa­ny out­lined a com­mit­ment to push its net in­come to 30% by 2024, with plans to push its top pipeline pro­grams in­to the mar­ket while look­ing to auc­tion off “non-core as­sets.”

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