Home Options Trading Advantage Options – Shares of Alkermes Company Sink on Federal Investigation...

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Shares of Alkermes Company (ALKS) fell in trading on Monday after news that Senator Kamala Harris launched an investigation into the company’s treatment of opioid addiction. The investigation is seeking evidence to determine if ALKS artificially boosted its sales of Vivitrol, which is a drug used in treatment of opioid addiction. ALKS shares closed down -4.37% to settle at 48.76. Keep an eye on the stock as this situation is still developing.

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