---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-026518"
form_type: "8-K"
ticker: "ALKS"
cik: "0001520262"
company_name: "Alkermes plc."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:35:49.369870+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Alkermes wins arbitration vs Janssen, raises 2023 outlook by ~$425M

## Summary
- Final arbitration award confirms Janssen must pay royalties on INVEGA and CABENUVA products; back royalties of ~$194M (incl. interest) received.
- 2023 total revenue guidance raised to $1.55B-$1.68B from $1.13B-$1.25B; GAAP net income now $225M-$265M vs prior loss.
- Royalty terms clarified: INVEGA SUSTENNA until Aug 2024, INVEGA TRINZA until Q2 2030, INVEGA HAFYERA until May 2030, CABENUVA until Dec 2036.
- Non-GAAP net income guidance raised to $230M-$270M from $0M-$40M; back royalties excluded from non-GAAP.
- Company reiterates FY2024/2025 profitability targets (25%/30% non-GAAP net income margin) excluding Janssen royalties.

## SEC filing metadata
- accession: 0000950170-23-026518
- form_type: 8-K
- ticker: ALKS
- cik: 0001520262
- company_name: Alkermes plc.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1520262/000095017023026518/0000950170-23-026518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1520262/000095017023026518/alks-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-026518
- JSON: https://secwatch.observer/filing/0000950170-23-026518.json
- Plain text: https://secwatch.observer/filing/0000950170-23-026518.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.