SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                     -------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


         Date of report (Date of earliest event reported): May 13, 2004


                                 Alkermes, Inc.
             (Exact Name of Registrant as Specified in its Charter)


       PENNSYLVANIA                    1-14131                   23-2472830
(State or Other Jurisdiction of     (Commission             (I.R.S. Employer
      Incorporation)                 File Number)            Identification No.)


                  88 Sidney Street
              Cambridge, Massachusetts                          02139
      (Address of principal executive offices)               (Zip Code)

       Registrant's telephone number, including area code: (617) 494-0171








ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

         On May 13, 2004, Alkermes announced its financial results for the year
ended March 31, 2004. A copy of the press release is attached hereto as Exhibit
99.1. This information shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.



                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              ALKERMES, INC.


Date:  May 13, 2004           By:    /s/ James M. Frates
                                     -----------------------------------
                                     James M. Frates
                                     Vice President, Chief Financial Officer and
                                     Treasurer







                                  EXHIBIT INDEX


       Exhibit No.          Description of Exhibit
       -----------          ----------------------

       99.1                 Press Release of the Company, dated May 13, 2004





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