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 announces positive results from the VASCEPA COVID-19 CardioLink-9 Trial, showcasing a 25% reduction in high-sensitivity C-reactive protein (hsCRP) and a 52% reduction in patient-reported COVID-19 symptoms compared to usual care. Conducted on 100 symptomatic outpatients, the trial demonstrated VASCEPA's potential as a therapeutic option in COVID-19, with promising short-term safety data. Larger follow-up studies are planned, expected to be completed by 2021. A webcast discussing these findings is scheduled for December 14, 2020.
Amarin Corporation has announced significant research findings to be showcased at the NLA Scientific Sessions 2020 from December 10-12, 2020. These include two Late Breaker presentations and six e-Posters centered on VASCEPA (icosapent ethyl), particularly its efficacy in cardiovascular risk reduction. Notably, the results from the COVID-19 CardioLink-9 trial will also be highlighted. Amarin emphasizes its commitment to support scientific research that explores the broader public health implications of VASCEPA.
Amarin Corporation has filed a patent infringement lawsuit against Hikma Pharmaceuticals for allegedly infringing on three U.S. patents related to VASCEPA, a prescription drug intended for reducing cardiovascular risk.
The lawsuit, initiated in the United States District Court in Delaware, claims Hikma engaged in unlawful activities by making and selling generic icosapent ethyl capsules. Amarin seeks monetary damages and a permanent injunction to stop Hikma's actions, asserting its rights to intellectual property developed over a decade.
Amarin Corporation plc (NASDAQ:AMRN) announced that CEO John F. Thero will participate in a Fireside Chat at the Piper Sandler’s 32nd Annual Healthcare Conference from December 1-3, 2020. Thero's presentation is set for December 2, 2020, at 10:00 AM ET. A live audio webcast of the session will be available on Amarin's website and accessible for 30 days. Amarin focuses on developing therapeutics to improve cardiovascular health, with its lead product, VASCEPA® (icosapent ethyl), approved in select countries.
Amarin Corporation (NASDAQ:AMRN) announced positive results from the Phase 3 clinical trial EDPC003R01, assessing VASCEPA (icosapent ethyl) in Chinese patients with very high triglyceride levels (≥500 mg/dL). The trial demonstrated a statistically significant median triglyceride reduction of 19.9% with a 4 grams per day dosage, without increasing low-density lipoprotein cholesterol (LDL-C). The results support upcoming regulatory submission by Amarin's partner, Edding, for VASCEPA's approval in China, addressing a significant medical need amidst rising hypertriglyceridemia rates.
Amarin Corporation (NASDAQ:AMRN) presented new data on VASCEPA (icosapent ethyl) at the AHA Virtual Scientific Sessions 2020, reinforcing its effectiveness in reducing major adverse cardiovascular events (MACE) in high-risk patients. Key findings include the unique mechanism of action of eicosapentaenoic acid (EPA) and significant outcomes from the REDUCE-IT trial demonstrating a 24% reduction in MACE for patients with a history of coronary artery bypass grafting. The data supports VASCEPA's cost-effectiveness and its potential for broader use in preventive cardiovascular care.
Amarin Corporation reported significant advancements in the clinical efficacy of VASCEPA® at the AHA Virtual Scientific Sessions 2020. The REDUCE-IT CABG analysis showed a 24% reduction in primary composite major adverse cardiovascular events (MACE) and a 31% decrease in hard MACE among patients with a history of coronary artery bypass grafting (CABG). The absolute risk reductions were 6.2% and 6.0%, with numbers needed to treat of 16 and 17. The data supports VASCEPA's potential role in alleviating risks associated with CABG procedures.
Amarin Corporation, listed on NASDAQ as AMRN, has announced that CEO John F. Thero will present at two upcoming investor conferences in November 2020. The presentations are scheduled for:
- Stifel 2020 Virtual Healthcare Conference on November 16 at 8:40 a.m. ET
- Jefferies Virtual London Healthcare Conference on November 19 at 9:40 a.m. ET
Live audio webcasts will be available on Amarin's website for 30 days. The company is focused on improving cardiovascular health, with its lead product, VASCEPA, currently available in select countries.
Amarin Corporation (NASDAQ: AMRN) reported a significant increase in revenue, with Q3 2020 total revenue up by 39% to $156.5 million and a 56% increase in revenue for the first nine months, totaling $446.8 million, compared to 2019. Despite challenges from the COVID-19 pandemic, VASCEPA's prescription growth also surged, aided by direct-to-consumer advertising. The company is preparing for VASCEPA's European approval, expected in early 2021, while maintaining a robust cash reserve of $608 million. However, the company's net loss increased to $6.8 million for Q3 2020, impacted by rising SG&A expenses.
Amarin Corporation plc (NASDAQ:AMRN) will showcase new research on VASCEPA® (icosapent ethyl) during the AHA Virtual Scientific Sessions 2020 from November 13-17, 2020. Eight presentations will cover significant findings, including the 'REDUCE-IT CABG' results, highlighting the drug's efficacy in reducing major adverse cardiovascular events. Key insights reveal mechanisms of action and clinical outcomes, emphasizing VASCEPA’s role in managing cardiovascular risk in at-risk populations. These findings are expected to enhance understanding and application of icosapent ethyl in clinical settings.
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