Alkermes (ALKS) -3.9% AH after announcing Elan (ELN) plans to sell 13.9M shares through a...

|About: Alkermes plc (ALKS)|By:, SA News Editor

Alkermes (ALKS) -3.9% AH after announcing Elan (ELN) plans to sell 13.9M shares through a secondary offering. Elan obtained a 25% stake in Alkermes as part of the latter's acquisition of the former's drug manufacturing business.