Welcome to our dedicated page for Amarin Plc news (Ticker: AMRN), a resource for investors and traders seeking the latest updates and insights on Amarin Plc stock.
Amarin Corporation Plc (NASDAQ: AMRN) is a pioneering biopharmaceutical company dedicated to improving cardiovascular health through the development and commercialization of innovative therapeutic products. The company's flagship product, VASCEPA® (icosapent ethyl), is designed to address cardiovascular risks and has received FDA approval in the United States as well as marketing authorization in Europe under the brand name VAZKEPA®.
Amarin's mission is to advance scientific understanding and provide effective treatments for high-risk cardiovascular patients who have not adequately responded to traditional therapies. VASCEPA, a unique form of eicosapentaenoic acid (EPA), has been shown in clinical trials to significantly reduce cardiovascular events, offering a new therapeutic option for patients with elevated triglyceride levels.
In recent years, Amarin has undertaken strategic initiatives to bolster its market presence and financial stability. Notable accomplishments include:
- Leadership Restructure: In 2023, Amarin appointed new executives, including President & CEO Patrick Holt, to drive the company's global strategy and operational improvements.
- Revenue Growth in Europe: Amarin reported approximately 65% growth in in-market sales in Europe for Q1 2024 compared to Q4 2023, with significant progress in Spain and the UK.
- Financial Discipline: The company has implemented measures to reduce operating expenses and preserve cash, closing 2023 with $321 million in cash and no debt.
- Share Repurchase Plan: In early 2024, Amarin announced a share repurchase plan of up to $50 million to enhance shareholder value, pending necessary approvals.
Amarin's commitment to cardiovascular health extends globally, with operations in the United States, Europe, and partnerships in Canada, China, and other regions. The company continues to explore new market opportunities and strengthen its intellectual property portfolio, as evidenced by the recent extension of VAZKEPA's patent protection in Europe until 2039.
For more information, visit www.amarincorp.com and the dedicated VASCEPA site at www.vascepa.com.
Amarin Corporation plc (NASDAQ:AMRN) reported preliminary unaudited revenue for 2021 of approximately $580 million, with Q4 revenue around $140 million, stabilizing a previous 8% decline. The company ended 2021 with $490 million in cash and no debt. Amarin's VAZKEPA was approved in Europe, and a fixed dose combination product with a statin is in development. Despite challenges from COVID-19 and generic competition, Amarin's U.S. net revenue is expected to be $575 million. The company is optimistic about future growth prospects in Europe and international markets, but is unable to provide 2022 revenue guidance due to uncertainties.
Amarin Corporation (NASDAQ: AMRN) announced that CEO Karim Mikhail will present virtually at the 40th Annual J.P. Morgan Healthcare Conference on January 11, 2022, at 8:15 AM ET. The presentation will be available via a live webcast on the company's investor relations website, where it will also be archived for 30 days. Amarin is dedicated to transforming cardiovascular disease management through innovative research and clinical trials, with a commitment to advancing treatments beyond traditional therapies.
Amarin Corporation has presented new data on VASCEPA/VAZKEPA at the AHA Scientific Sessions 2021. The studies highlighted show that icosapent ethyl reduced total ischemic events by 32% in patients with prior peripheral artery disease (PAD). While safety profiles were generally consistent, there was an increased incidence of atrial fibrillation. Additionally, the PREPARE-IT 2 study did not meet its primary endpoint in evaluating efficacy for COVID-19 hospitalizations. Overall, these findings reinforce the cardiovascular benefits of VASCEPA while opening avenues for further research.
Amarin Corporation announced new findings on VASCEPA/VAZKEPA indicating a 32% reduction in total ischemic events for patients with prior peripheral artery disease (PAD). The results, presented at the AHA Scientific Sessions 2021, highlight the potential of icosapent ethyl in preventing major cardiovascular events. The analyses, part of the REDUCE-IT study, showed promising safety and efficacy profiles, with a 22% trend towards reduced first events. This reinforces VASCEPA's role as a key treatment for high-risk PAD patients.
Amarin Corporation plc (NASDAQ:AMRN) has announced that its CEO, Karim Mikhail, and CFO, Michael Kalb, will participate in two upcoming investor conferences. The Jefferies 2021 London Healthcare Conference is scheduled for November 16, 2021, at 1:40 pm GMT, featuring a corporate presentation by Mikhail. Additionally, the Piper Sandler 33rd Annual Virtual Healthcare Conference will be available on-demand starting November 22, 2021, with Mikhail participating in a fireside chat. Live audio webcasts can be accessed through the company’s investor relations website.
Amarin Corporation plc (NASDAQ: AMRN) announced the presentation of new VASCEPA®/VAZKEPA (icosapent ethyl) data at the AHA Scientific Sessions 2021 from November 13-15. Key findings highlight the drug's benefits for patients at risk of major cardiovascular events. The company will host a virtual exhibit booth, with additional programs including a Product Theater and Continuing Medical Education session, to enhance awareness of cardiovascular risk reduction. CEO Karim Mikhail emphasized the importance of engaging healthcare providers through digital strategies.
Amarin Corporation (NASDAQ: AMRN) reported Q3 2021 net revenue of $142.0 million, down 9% from Q3 2020, and $438.7 million for the nine months ending September 30, 2021, a 2% decline. The launch of VAZKEPA in Germany and regulatory submissions for reimbursement in ten European countries were significant highlights. Despite the competitive landscape with generics, Amarin retains approximately 83% of the U.S. icosapent ethyl market. The company ended Q3 with $517.9 million in cash. Ongoing efforts on market access and digital strategies aim to enhance VASCEPA demand.
BYOMass has appointed Dr. Declan Doogan and Dr. Stephen Hoffman to its Board of Directors. Dr. Doogan, a pharmaceutical veteran, previously led drug development at Pfizer and was Head of R&D at Amarin Corporation. Dr. Hoffman brings extensive experience from Aerpio Pharmaceuticals and has served on multiple biotech boards. Their expertise is expected to guide BYOMass’s innovative pipeline targeting the TGF-β superfamily, potentially improving therapies for diseases with high unmet medical needs.
Amarin Corporation plc (NASDAQ:AMRN) will host a conference call on November 3, 2021, at 7:30 a.m. ET to discuss its third quarter 2021 financial results. The call follows the anticipated release of financial results earlier that day. It can be accessed live via Amarin’s website or through designated phone numbers. A replay will be available for two weeks post-call. Amarin focuses on cardiovascular disease management and aims to enhance the treatment of cardiovascular risk.
Amarin Corporation plc (NASDAQ: AMRN) has announced a new Go-to-Market strategy to enhance the growth of VASCEPA® (icosapent ethyl) in the U.S. This includes improving healthcare professional engagement through an omnichannel platform, enhancing managed care access, and optimizing prescriptions for cardiovascular risk reduction. The strategy will reduce the U.S. sales force to approximately 300 representatives, reallocating resources towards educational efforts. Amarin aims to drive VASCEPA growth amidst increasing demand for cardiovascular therapies, emphasizing the drug's unique position as the only FDA-approved IPE product for CV risk reduction.
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