Welcome to our dedicated page for Amarin news (Ticker: AMRN), a resource for investors and traders seeking the latest updates and insights on Amarin stock.
Amarin Corporation is a biopharmaceutical company specializing in cardiovascular therapeutics through its prescription product VASCEPA (icosapent ethyl). News coverage for Amarin typically centers on clinical data presentations, regulatory developments, financial performance, and commercialization partnerships. The company's news flow often includes updates from the REDUCE-IT cardiovascular outcomes study, presentations at major medical conferences, and developments in market access and reimbursement.
For investors and healthcare professionals tracking Amarin, key news categories include quarterly earnings reports revealing prescription trends and revenue performance, regulatory actions from the FDA affecting VASCEPA's approved indications, clinical research presentations demonstrating cardiovascular benefits of purified EPA therapy, partnership announcements for international markets, and market access developments related to insurance coverage and formulary placement. The company's news also frequently addresses competitive dynamics within the lipid management and cardiovascular risk reduction market.
Amarin's news is particularly relevant for those interested in specialty pharmaceuticals, cardiovascular medicine, and the evolving evidence base for omega-3 therapies in heart disease prevention. The company's focused product portfolio means that news developments directly impact the core business, making each announcement potentially significant for understanding VASCEPA's commercial trajectory. This news page provides comprehensive coverage of material events, financial disclosures, and clinical developments affecting Amarin's business and market position.
A Concerned Shareholder Group, owning approximately 15 million shares of Amarin (NASDAQ: AMRN), has issued an open letter urging the company's Board to initiate an immediate strategic review. The shareholders express disappointment with the company's performance, noting that AMRN's share price has dropped nearly 80% to $0.43 since the Board's reconstitution in February 2023, when it traded at $2.03.
Despite announcing a $50 million share repurchase plan in early 2024 when shares were at $1.15, the company has not executed the buyback. Instead, Amarin recently announced a 1-for-20 reverse stock split. The shareholders highlight that Amarin's market capitalization is approximately $185 million, despite having zero debt and nearly $300 million in cash (~$0.75/share).
Amarin (NASDAQ:AMRN) has announced new in vitro mechanistic research data on eicosapentaenoic acid (EPA) to be presented at the American College of Cardiology's Annual Scientific Session & Expo (March 29-31, 2025, Chicago).
The research focuses on two key areas: the antioxidant effects of EPA on lipoprotein(a) [Lp(a)]-enriched plasma and the combined effects of EPA with GLP-1 receptor agonists on antioxidant protein expression in endothelial cells during inflammation.
Two moderated poster presentations will be available on March 29th, 2025: one at 11:30am ET examining EPA's role in limiting Lp(a)-enriched plasma oxidation, and another at 11:42am ET investigating how EPA enhances detoxification protein expression when combined with GLP-1 agonists in endothelial cells.
Amarin (NASDAQ: AMRN) has announced plans to implement a 1-for-20 ratio change in its American Depositary Shares (ADS) program, expected to take effect around April 11, 2025. The adjustment will modify the current 1:1 ratio between ADS and ordinary shares to 1:20.
This strategic move aims to boost the per-share market price of Amarin's ADSs to meet Nasdaq's minimum bid requirement of $1.00 and maintain its listing on The Nasdaq Capital Market. The company's ordinary shares will remain unaffected, and the ADSs will continue trading under the symbol 'AMRN'.
Holders of uncertificated ADSs will experience automatic conversion, while those with certificated ADSs must surrender them for cancellation to receive new ones. Fractional ADSs will be sold, with net proceeds distributed to affected holders.
Amarin (NASDAQ: AMRN) reported Q4 2024 financial results with total revenues of $62.3 million, down 17% from $74.7 million in Q4 2023. The company ended 2024 with a cash position of $294.2 million and no debt.
Q4 net product revenue was $60.1 million, with U.S. revenue at $44.2 million, European revenue at $4.0 million, and Rest of World revenue at $11.9 million. The company reported a Q4 net loss of $48.6 million, or $0.12 per share.
Amarin announced a 1-for-20 ADS ratio change, expected to be effective April 11, 2025, to maintain Nasdaq listing compliance. The company expanded VASCEPA/VAZKEPA access to six additional global markets including Italy, China, and Australia, with progress in 16 more countries.
Amarin (NASDAQ:AMRN) announced significant findings from a post-hoc analysis of the REDUCE-IT study, published in the Journal of the American Heart Association. The analysis revealed that VASCEPA®/VAZKEPA® (icosapent ethyl) reduced cardiovascular events regardless of baseline LDL-C levels in statin-treated patients with elevated triglycerides and high cardiovascular risk.
Most notably, the study showed a 34% reduction in the primary composite endpoint of cardiovascular events among patients with very well-controlled LDL-C (<55mg/dL). These findings demonstrate that VASCEPA can serve as an effective complementary therapy alongside LDL-C lowering treatments to improve cardiovascular outcomes.
The results align with recent guidelines from the European Society of Cardiology and American Association of Clinical Endocrinology, which recommend LDL-C levels below 55 mg/dL for very high-risk patients and advocate for additional evidence-based therapies beyond standard care.
Amarin plc (NASDAQ:AMRN) has announced that Austria's Health Authorities have approved VAZKEPA® (icosapent ethyl) for national reimbursement, effective April 1, 2025. This approval marks the 10th European national reimbursement for VAZKEPA®, supporting Amarin's continued growth across the continent.
VAZKEPA® will be included in Austria's Code of Reimbursement (EKO) to reduce cardiovascular event risks in adult statin-treated patients with elevated triglycerides and established cardiovascular disease. This comes as cardiovascular diseases represent nearly 35% of all deaths in Austria, with over 100,000 hospitalizations in 2023 and estimated costs of around 4.7 billion euros in 2015.
Professor Christian Hengstenberg from Vienna's University Hospital AKH Wien highlighted that this innovative therapy addresses unmet needs for cardiovascular patients while reducing pressure on healthcare infrastructure. Amarin's CEO Aaron Berg noted that this approval follows Italy's recent national reimbursement and reflects the value recognition based on the REDUCE-IT study data. The company recently secured patent protection extending VAZKEPA's European exclusivity to 2039.
Amarin plc (NASDAQ:AMRN) has scheduled its fourth quarter and full year 2024 financial results conference call for March 12, 2025, at 8:00 a.m. ET. The company will release its Q4 2024 financial results before market opening on the same day.
President & CEO Aaron Berg, along with senior management team members, will host the conference call followed by a Q&A session. The call will be accessible through the company's investor relations website and via dial-in numbers for both U.S. and international participants.
Amarin (NASDAQ:AMRN) has received national reimbursement approval for VAZKEPA® in Italy through the National Health Service (NHS) to reduce cardiovascular risk in eligible high-risk patients. Italy becomes the third EU5 market and ninth European country overall to grant national reimbursement for VAZKEPA®.
The approval is significant as cardiovascular disease is Italy's leading cause of death, with over 217,000 deaths yearly and 107,000 hospitalizations due to myocardial infarction alone. Countries with VAZKEPA® access now represent more than 50% of Western Europe's established Cardiovascular Disease population.
The company recently secured patent protection for VAZKEPA in Europe until 2039, with no 'skinny label' risk for competitive entry before patent expiration. VASCEPA/VAZKEPA has been approved in 46 countries globally for cardiovascular risk reduction.
Amarin (NASDAQ:AMRN) has appointed Peter Fishman as its new Chief Financial Officer, effective immediately. Fishman, who previously served as the company's Global Controller and principal financial and accounting officer since October 2024, will lead Amarin's global finance organization and report to CEO Aaron Berg.
Fishman brings nearly 20 years of experience in finance, including accounting, financial reporting, treasury, tax, and audit. He has been with Amarin since 2019, playing key roles in the company's financing efforts and cash management strategy. Prior to Amarin, he held positions at Toys R Us and Ernst & Young, where he served pharmaceutical clients. Fishman holds a BA in accounting from American University, an MBA from Rowan University, and is a certified public accountant.
Amarin (NASDAQ:AMRN) announced upcoming presentations of new REDUCE-IT trial subanalysis and mechanistic data at the American Heart Association's Scientific Sessions (November 16-18, 2024) in Chicago. The presentations will focus on VASCEPA®/VAZKEPA® (icosapent ethyl) effectiveness in patients with and without coronary artery disease (CAD) history.
Key presentations include cardiovascular risk reduction data in patients with prior cardiovascular events, EPA's antioxidant effects in endothelial cells, and EPA's impact on Lp(a) particle oxidation. The research highlights that approximately 20% of the global population is affected by high Lp(a) concentrations, which increase cardiovascular event risk by 2-4 times.
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