Richard Pops, Alkermes CEO (via website)

Saris­sa goes af­ter Alk­er­mes, seek­ing three board seats at the Irish drug­mak­er

Ac­tivist in­vestor Saris­sa Cap­i­tal Man­age­ment is call­ing on Alk­er­mes share­hold­ers to vote for three of its pro­posed board mem­bers, say­ing the cur­rent board has lim­it­ed over­sight and is not ac­count­able to share­hold­ers.

In a let­ter pub­lished Tues­day morn­ing, Saris­sa re­quest­ed that share­hold­ers vote for three of its board can­di­dates at Alk­er­mes’ an­nu­al meet­ing lat­er this month. Saris­sa al­leges that the cur­rent board “shunned our com­pro­mis­es” and would on­ly meet with the in­vest­ment fund twice a year, say­ing it’s “a mat­ter of course” for com­pa­nies to meet with ma­jor share­hold­ers at least four times a year.

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