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Alkermes appoints new chief commercial officer

March 8, 2012
by News release
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Alkermes has appointed Mark Stejbach as its new chief commercial officer. In this newly created role, Stejbach will be responsible for Alkermes' commercial activities, including marketing and sales of Vivitrol (naltrexone for extended-release injectable suspension) and developing and executing commercial strategies for Alkermes' late-stage pipeline assets, namely ALKS 9070 (for schizophrenia), ALKS 37 (for opioid-induced constipation) and ALKS 5461 (for treatment-resistant depression). Stejbach will serve on the executive management team of Alkermes.

"We are very pleased to welcome Mark to Alkermes, as we continue to build our commercial capabilities in preparation for the expansion of our commercial product portfolio," said Richard Pops, CEO of Alkermes. "We look forward to having Mark accelerate and expand our commercial activities for Vivitrol as well as provide forward-looking insight into our late-stage pipeline development activities. Our goal is to build Alkermes plc into one of the next great biotechnology companies, and a strong commercial capability is a key strategic asset."

A seasoned executive with 25 years of experience in biotech and pharmaceutical marketing, sales, managed care and finance, Stejbach brings extensive commercial experience to the role of Chief Commercial Officer at Alkermes. He served most recently as Chief Commercial Officer at Tengion, Inc. He previously served as Vice President of Managed Care Marketing at Merck & Co., Inc., from 2005 until 2008, where he was responsible for marketing planning across all public and private payor segments, including contracting strategy, program development and economic affairs.

Prior to 2005, Stejbach held several other senior positions at Merck, where he led marketing campaigns for a number of products, including Vasotec and Proscar, and at Biogen Idec Inc., where he was responsible for the development and execution of the launch marketing plan for Avonex. Stejbach received his MBA from The Wharton School, University of Pennsylvania, and a BS in mathematics from Virginia Tech.

"I am thrilled to join Alkermes at this extremely exciting time for the company, and I see tremendous potential for Vivitrol as well as the robust pipeline of new product candidates," commented Mark Stejbach. "I look forward to enhancing the company's commercial capabilities to achieve its ultimate goal of bringing unique and compelling medicines to patients in need."