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 (NASDAQ:AMRN) announced significant findings related to VASCEPA/VAZKEPA presented at ESC Congress 2021. The data revealed a 26% reduction in first and 35% reduction in total primary endpoints for patients with a history of myocardial infarction, reinforcing VASCEPA's role in cardiovascular risk reduction. Additionally, VAZKEPA was included in the 2021 ESC Guidelines for patients with elevated triglycerides, marking its 20th recognition in global guidelines. Despite promising findings, the identical PREPARE-IT 1 trial did not meet its primary endpoint.
Amarin Corporation (NASDAQ:AMRN) presented new analyses of VASCEPA® (icosapent ethyl) at ESC Congress 2021, revealing it reduces major adverse cardiovascular events in patients with prior myocardial infarction (MI) by 26% and total primary endpoints by 35%. Conducted as part of the REDUCE-IT study, these findings highlight VASCEPA's importance in cardiovascular risk management. Experts emphasize its efficacy in patients at high risk for recurrent events, further supporting its role as a treatment beyond statins.
Amarin Corporation has announced that new data supporting the efficacy of VASCEPA in preventing major adverse cardiovascular events will be presented at the ESC Congress 2021, taking place from August 27 to August 30, 2021. The presentations will include two Late-Breaking Science sessions and five e-Posters, showcasing research on icosapent ethyl. CEO Karim Mikhail highlighted the upcoming European launch of VASCEPA, starting in Germany, and anticipates results from the PREPARE-IT 1 trial, which investigates VASCEPA's role in COVID-19 prevention.
Amarin Corporation (NASDAQ:AMRN) reported a net revenue of $154.5 million for Q2 2021, marking a 14% increase from the previous year. The company is set to launch its cardiovascular drug VAZKEPA in Germany by September 2021, having filed market access dossiers in multiple European countries with a proposed pricing of approximately €200 per month. Amarin has received marketing authorization in Great Britain and aims for regulatory approval in 20 additional countries. The company ended Q2 with $523.1 million in cash and investments, enhancing its capacity for growth.
Amarin Corporation plc (NASDAQ:AMRN) announced a conference call to discuss its Q2 and H1 2021 financial results on August 5, 2021, at 7:30 a.m. ET. The call will be available on their investor relations website and via telephone. Investors are encouraged to follow the updates on their website for material information concerning Amarin's ongoing developments in cardiovascular disease management.
Amarin Corporation plc (NASDAQ: AMRN) presented new research on icosapent ethyl, marketed as VASCEPA® and VAZKEPA in Europe, at the EAS Congress 2021. The studies reveal multiple mechanisms by which icosapent ethyl impacts cardiovascular health, including its anti-inflammatory properties and protein modulation. Key findings include the modulation of over 50 proteins in endothelial cells after interleukin-6 exposure, reduction of platelet activation proteins, and decreased nitrite production in macrophages. These insights support icosapent ethyl's role in cardiovascular risk reduction.
Amarin Corporation plc (NASDAQ:AMRN) announced upcoming presentations by CEO John F. Thero and Senior VP Karim Mikhail at two key investor conferences in June 2021. The Jefferies Virtual Healthcare Conference will take place on June 2 at 9:30 a.m. ET, followed by the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8 at 10:30 a.m. ET. Live webcasts will be available on Amarin's website for 30 days. Amarin is committed to advancing cardiovascular disease management through innovative research and clinical trials.
Amarin Corporation announced substantial findings regarding VASCEPA® (icosapent ethyl) from the ACC.21 conference. The REDUCE-IT trial showed a 55% reduction in total plaque volume and a 61% reduction in non-calcified plaque volume, indicating significant cardiovascular risk reduction. Analyses confirmed that icosapent ethyl significantly cut ischemic events by 30-40% in dyslipidemic patients. This data emphasizes the efficacy of icosapent ethyl in managing cardiovascular risk, reinforcing its status as the only approved therapy for this purpose in the U.S., Canada, and Europe.
Amarin Corporation presented new analyses from the REDUCE-IT HEART FAILURE study at ACC.21, highlighting a potential correlation between on-treatment serum EPA levels and reduced incidences of new heart failure and related hospitalizations. The analyses, led by Dr. Deepak L. Bhatt, showed that achieving EPA levels above 150 µg/mL could be beneficial. Despite the overall trial not demonstrating significance for heart failure rates, these findings suggest further exploration is warranted. The study involved 8,179 patients, emphasizing the urgent need to address heart failure, projected to affect over 8 million in the U.S. by 2030.
Amarin Corporation plc (NASDAQ:AMRN) announced that research on VASCEPA® (icosapent ethyl) will be featured in seven presentations at the ACC.21, the American College of Cardiology’s 70th Annual Scientific Session from May 15-17, 2021. Key studies include insights from the REDUCE-IT HF trial and findings on the effects of icosapent ethyl on cardiovascular health. This research aims to address the significant cardiovascular disease burden and is presented by various academic collaborators, emphasizing Amarin's commitment to advancing cardiovascular treatment.
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