The movie is based on Edgar Allan Poe's 1845 short story 'The System of Doctor Tarr and Professor Fether', reported Digital Spy.
According to reports, Graves is a patient at a mental institution in which the inmates have taken over and are posing as doctors.
She becomes the object of affection of a newly-arrived Harvard Medical School grad who has no idea of the topsy-turvy world he just entered.
Beckinsale is best known for her role as vampire Selene in the "Underworld" franchise. Last year, the actress starred in "Underworld: Awakening", "Contraband" and "Total Recall".
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