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ORBA, Strong (very strong) post actually - on your point 'Vascepa' - is a Chemical drug - like 'every other FDA approved drug' in the market.
And the argument Lovaza - all the way - has avoided the 'link' to fish oil' - and is (for a useless drug) very successful - speaks for itself.
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BBI - argues well for the 'build on the Fish oil obsession' that has been out there for ½ a century - and he could be right' !
Given the right marketing approach - the 'It Works' message might 'Work' 🙂
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Only 'add on' here. It wasn't this 'endless debate' - 'Fish Oil' or Not' - that pulled Amarin to the edge of the cliff !
It were JTs and Kennedys maniac decision to go for the Nevada Court for the Anda case in 2020 !!!
north, Seems like the 40 barrier in MAGS finally broken 🙂
https://finance.yahoo.com/quote/MAGS?p=MAGS&.tsrc=fin-srch
north, You feel that - new BOD and CEO is 'heading in the right direction' - pulling Vascepa to the surface for the Med World to finally notice.
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But they are still looking for the Silver Bullet - to take Vascepa to the frontpages of Med and Bio media.
Can be AZ - Cancer - Nash - EPA's war on general inflammation - that 'works' / improves general health 'everywhere' in the body ✌️
dogn, Great post on 'activism investing' - thanks.
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About Amarin and the proxy:
SB - And in clear paragraphs. Can only hope for the essence of your logic - to be repeated in court 🙂
Sorry for the mistakes in earlier post: It should have said 'Patience ' - and 'Share buyback' 🙂
JR71, Their plans are to go for the best BO possible - that is what Sarissa and Denner do' 😀
Question is 'how soon' will they get there. Denner said clearly in interviews - that Sarissa are in their investments 'for years' - so 'PAITIENCE' !
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What seems certain is ' the 50 mill buyout' is about gaining trust in the stock for a start' - but it likely is coupled to 'positive informations' of some sort - to get SP going north - and the value of Amarin expanding.
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What is different now' from before Proxy Win February 28, 2023. Today future (even way to heavy invested in AMRN) looks exciting - where as with KM and the old BOD - you were just fearing 'the next economic quarters disaster'.
Here In the spring of 2024 - Longs in AMRN now have a chance of 'recovering' - some even profit' from this haunted stock 🙂
I'm sure there is no need to worry that current MGT is going to suddenly 'make big costly marketings campagnes in the US' - that is not going to happen.
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But still I find Stockboys points interesting.
Could it instead have been 60% of 500.000 prescriptions - with some clever targeted marketing - then even it would also benefit generics - it would make revenue for Amarin a whole lot bigger - and at the same time help many more needing CDV patients 🙂
Stockboy, Great post. A lot of 'fine points' - regarding 'Amarin lack of courage and understanding modern sales technics' in the US.
Only 'in such a long post - dividing into paragraphs - would make the many points 'stronger' IMO 🙂
Looking for todays news at Amarin Corp - here the link for the informations. If already linked here below no harm done:
https://www.abstractsonline.com/pp8/#!/10973/presentation/21598
Sleven, That is correct - Health Net is part of CENTENE Cooperation:
ramfan, You Hope' 🙂
As long as we finish the week above $1 - its Ok !
Forgot the link to Yahoo page for VKTX
https://finance.yahoo.com/quote/VKTX?.tsrc=fin-srch
Ok - its about 'weight loss' - explains the succes:
Lemm, Looking to the left 'Financials' at the Viking page at Yahoo - they haven't made any money yet (as I read it)
Still stock cost $78+
You have to assume that there is no generic competition to VKTX yet 🙂
BBI, Fair enough - I actually took you for a man trained and experienced in law - from the sound of your inputs - My Bad.
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And the 'defending' of responsible Nevada Judge DU - blaming only Amarin lawyers for the disarstres ruling - is CLEARLY not shared by Marjac.
I have always trusted - (and supported with many other posters) - fully Marjac year long fight for recovering justice against Amarin.
Your input made me 'wonder if there was something I hadn't got right about the case.
Marjac just 'sat events straight' (repeated) what actually happened around the appeal courts and Judge Du of Nevada:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174172037
BBI, Noticed before - that you hold big knowledge and experience in evaluating - upholding of The Law - in God's own Country.
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Cant say fully that I support you completely dismissing Judge Du of Nevada from responsibility here - but respekts your arguments and point of view on the matter.
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Point of this post:
Did you ever directly communicate with Marjac - round your informed views on the trial back in early 2020 (Hikma DR - against Amarin in Nevada).
From your post here, you signal some rather precise valuations of why Anmarin lost - 'it were primarily due to inkompetence of Amarin law team running the trial - is what you say' !
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These points of views - from someone who appears to know professionally 'what he talks about' - is new to me' - and 'if you haven't communicated this already' - I would edge you to send your views to Marjac - who still follows this case closely - looking at his returning post - time to time 🙂
Zip, Know I used this link to video with JT a couple of times before - but just to remind 'oldtimers' here - EVERYONE expected Amarin to win in early 2020.
There were an 'ecstatic invincible feeling' around Amarin at the time. $ 23+ in the CNBC video behind JT in his CDV approved Winner interview.
At the time NOBODY saw the ANDA case as any kind of serious threat for the success of Amarin - JT included:
ziploc, Even the Du Disaster could be reversed - (as ruling were based on fraud) the loss of generic Vascepa will hardly be noticeable at Hikma and Dr Ready.
https://www.hikma.com/what-we-do/products/ (still 759 products left)
Closing Easter 2024 - this is a reminder for most of us where we came from :)
To all Longs in AMRN - STILL HERE - Easter 2024 🙂
Here MUSIC that can make you believe that there is a life after the current wars and killing madness !
JR, I ordered this great Movie (dvd) some 10- 15 years ago from USA. Guaranteed worth spending couple of hours on in Easter✌️
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Me and wife do not live even close to 'optimal' - recommended in the movie - but it did make us cut down big on 'especially' sugar and fat'.
There is something to learn for everyone here - as especially -'why people gets overweight' - is illustrated for everyone to understand 🙂
DAR53, We are many (likely thousands) - of sensible' - in our own minds - investors' - who got drawn into this loosing nightmare !
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Sarissa Proxy win - opens for a new hope - of recovering at least some of the grand losses on this haunted Bio stock.
Will it happen ???
I personally believe so (to at least some extend) - why I'm still LONG - with now 58.800 shares - Gak $ 4,58 🙂
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Weekend - something to take you mind of - MONEY 🙂
Nuke, Like many things in life - Its Complicated 🙂
Living in Denmark - Europe - VAZKEPA is actually approved and in principle available (but nut supported by the Med authorities).
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That means that if wife and I could persuade our doctors to prescribe VAZKEPA - it will cost us 7.000 dollars a year - for the both of us combined.
So what we have done instead is taken product under here (for now about 3 years) - which amounts to 640 dollars a year (2 capsule for both of us - 4 in all - dayli)
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https://www.amazon.de/-/en/Pharmepa-RESTORE-Pharmaceutical-Strength-Capsules/dp/B007TUK2IE?pd_rd_w=xP27y&content-id=amzn1.sym.e550b23c-a0b2-4d03-8b77-2ecd8a6997f9&pf_rd_p=e550b23c-a0b2-4d03-8b77-2ecd8a6997f9&pf_rd_r=V1EZCA1Y7B0RW5QY6ZZW&pd_rd_wg=d1QRX&pd_rd_r=10e64fe1-00d0-4176-a643-70c285ed4af6&pd_rd_i=B007TUK2IE&psc=1&ref_=pd_bap_d_csi_prsubs_5_i&language=en_GB
Wife ways 50 kg - so I sort of hope the 'times 3 purified product' - will be enough for her - 'trusting it is a quality product'.
But surely we would naturally have prefered to be able to get VAZKEPA - but without any compensation - it is simply too expensive (why close to no sale in DK)
Denisk, That is where we disagrees when 'you say No Performance'.
As I read the reality of this haunted Company - following Du dicaster March 2020 - we would likely have been dead already (money lost) or very close to - if it weren't for Sarissa and the Feb. 28 Proxy 2023.
So for me Sarissa and Denner 'keeping this Company very much alive' - getting spending under control in a few months - is 'Lifesaving Performance' - in my book.
They deserve their bonuses - even I also think / feel - 'generally in many privat business' - the payments have become bigger than necessary - in many cases 🙂
Denisk, That is quite all right - everyone has a right to an opinion 🙂
Only other comment - that I prefer BOD and MGT - 'hand out shares to each other' - instead of bonusses in dollars. This gives 'the now big shareowners every incentive to 'make Amarin a success.
You can think - 'it is unnecessary nummers of shares handed out (I do not disagree there much) - but the 'bigger numbers' the bigger the incentive to 'work hard to make the SP of AMRN go north' - so there is actually two sides to effect of handing out big bonuses in shares ✌️🙂
Hopman, With 11 posts - and 540.000 shares ? ! !
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Sarissa is what we have - new BOD and CEO is what we have 'to save the Company' at this point.
What happens at Amarin - this is how BOD members get paid WW - no big deal really - STANDARD in every way.
Some here seem to forget - that if it were not for the Proxy about a year ago - February 28. 2023 - it could already have been over' for Amarin.
Only reason we are stil here - is because the new BOD and MGT leadership got spending under control - actually in lightning speed.
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So unless you actually want the future af Amarin to fail - supporting the current BOD and MGT - is the only way giving Longs a chance for recovering at least some of their losses.
And if we are really Lucky' - Denner and Sarissa is as sharp - as their reputation from earlier 'similar Bio cases' - some Longs might even end in a PLUS before this legendary BIO story is over 🙂
ORPAPU, 6 months meaning plenty of time for the Share Buyback process - to be executed and finished.
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If this playout is - keeping the SP low 'for now' - buying as many as possible Shares Outstanding - is part of a plan to strengthen value of Amarin much as possible - (eg. reduce the number of 'Shares Outstanding' - down to something 350 - 360 mill.) - that sure will send signals' - that Sarissa believes in future success of Amarin 🙂 ✌️
TalShu, I think our Hungarian Geni is with us again - and I mean this serious and respectfully.
Even I had my fights with this 'not very social guy' - I have to take my hat of here for the way he cuts through all the BS - regarding the first product LR-EtEPA.
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Possibly Sarissa and Denner should contact this man - to keep track of the incredible complex world of Patents - who could maybe also assist in keeping track of what is happening round Amarin in Europe !
shadowlane, Thanks again - and in the end 'it is just money' 🙂
Both me an wife are in good health. Wife has a little with short term memory- but we are in early 70s - so some issues is to be expected.
And we do not starve - have a nice place to live and a Camper for adventures in the summertime.
GLTU also - and to all Longs
shadolane, Thanks for response.
I were in NVO - 60% of my fortune (rest in Maersk) in 2010/11. I have said it before here - had I 'done nothing' (stayed in those two recognized Danish Top Companies i would have been millions (DK) better of today 🙂
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But I didn't - instead started trading 'high risk' shares - like in the Bio Sector - and the short version - lost what would have been a secure and wealthy old age perspektive - to instead 'starting every morning looking at posts on iHub AMRN 🫠
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Weekend: I should have listened to this Guy✌️
DMC8, And both Novo drugs have a long line of side effects (one of them being you regain weight loss - if you stop taking the extremely expensive drugs).
Novo earns 1.5 billion a week (danish kroner) - or in dollars: 220 mill US$.
It would seem possible for them to lower their prices.
shadowlane, I laid low (not buing AMRN) for + 2 years after KM took over (that event cost me a fortune) - him starting at $ 6.63 - ever falling from then on.
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I believe enough in the new BOD and MGT - to have bought 22.800 shares within th last week (making my total 58.480 - GAK $ 4.54).
Am I sure this is gonna pay off - No - who can bee' ?
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But with the knowledge gained through following iHub AMRN forum since mid 2018 (before R-I results) - there is nowhere else in the market - I see a better chance of real succes' - so this i why my latest additions to AMRN shares 🙂
Fully acknowledge this is taking a chance - but in the end just about 'every move in the Market' (filled with Sharks and 'false informations') is rolling the Casino Wheel.
History of Vascepa and Amarin is what I know most about - so 'for now' - i believe this the best chance of 'recovering some of my losses' in this Market Circus of money 🙂
mrmain, Bought 12,000 shares at $ 0.92 - order stood all day until 10 min before closing - it vent through.
Took GAK down to 4,54 for me - so now I,m fine with your + $ 5.x BO 🙂
Being in Amarin - rest of 2024 will be interesting for Longs !
JR, So soon back to your normal - 'spreading mistrust' - and within minutes support from the Usual Suspects in vining !
JR. Thanks for a serious answer here :)
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If things go - anywhere close to your answer here - I think we could have lunch' - and possibly dinner' - somewhere in the World some day 🙂
Keep the Good Vibes - coming ✌️
JR, Do you have a secret twin brother ? 🙂
I much better like this angle looking forward - than the 'other brothers' ever mistrust and nasty suspicions on what drives Sarissa !
Bought 10.800 AMRN shares friday - 1/3 2024 at $1.02 - and felt good about that investment.
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Honestly - the 'Optimal' 10% I could have bought the shares cheaper today - doesn't worry me one bit !
WHY - where we - 'as LONGS' - are today invested in Amarin it is not about - $0.9 - or $1.02 !!!
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Its about Sarissa and new BOD - MGT - being successful in Getting the message to the World - this drug is GARANTEED a LiFE improver' - LIFE extender' - for everyone above 50 years of age.
At some point - within the next couple og years - one of the BP's - will acknowledge the potential of Vascepa / Vazkepa - and the potential of taking 'this Magical Drug' to the World 🙂
jfm, Same observation here (iHub site react delayed / slowly) - started some time middle last week 👇️