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Agree completely. Its what BP thinks V is worth ultimately and none of us know what that number is. If you want GIA or BO- its not in our hands. BP didnt get to be BIG being stupid and every company I have worked for has been bought out.
An interesting post on Yahoo yesterday from a Cardiologist. Claims JNJ tried to BO AMRN——-“
“I had a candid discussion with the sales regional manager today from Johnson and Johnson. She was trying to convince me to put all my CAD and PAD patients on 2.5mg bid of Xarelto but instead, our conversation digressed toward Amarin. I have known her for years and felt that she was one of the better ones. I suggested that she apply for one of the three "drivable" manager positions posted on the Amarin website in our region. I told her that she will have an easier time selling Vascepa and make more in commission. I said it will be the number one drug worldwide. Her unsolicited response to me was we (J & J) were trying to buy Amarin. The word around corporate is that they wanted 30 billion for the buyout. We couldn't come to any model that would even recoup the 30 billion never mind make a profit over the life of the drug. They had peak sales at 5-6 billion in 4 years. She said they would have to bring in 50 billion over the next 10 years to essentially break even on a 30 billion dollar up front investment. She said they are now out. The reason she said that she is not interested in their manager positions is that they are still seeking a buyer and whoever the large pharma company is that buys them out will use their sales force already in place. She said regional managers would be the first to go so didn't want to give up 20 years at J & J with what she said were "long term stock options" for a potential one year and out job with Amarin. To be candid, I have a lot invested in Amarin and it concerned me, after hearing her perspective, that it may take longer than anticipated to fill all the positions because of this issue as seasoned pharma reps will likely think similarly. GIA may take much longer than any of us anticipated as the sales force structure is not in place in the US, never mind worldwide. They must get a buyer to see sales of 5 billion in 4 years. The other part of this was the "reveal" that Amarin was seeking 30 billion. With a current market cap of 7 billion +/-, that would be a $70-80 pps buyout. I would be ecstatic to trade my shares for that. (As an aside, I wrote two scripts today for diabetic CAD pts on Lipitor for Vascepa and told them to stop their Lovaza. The data is too compelling to leave pts on Lovaza. ...doing my part)”
JT now doing Q and A——zzzzzzz. He has pretty good content- poor delivery— too many” AHS”
Totally agree. Eventually the Godfather offer will be too good to be refused and the acquirers stock will be very valuable paying dividends quarterly
Good point on JNJ- and they pay a very nice dividend.
NVS heart drug fails. Will they come up with a “Godfather” offer to JT?? https://finance.yahoo.com/news/novartis-heart-drug-fails-trial-095829124.html
I hope your PPS numbers are way too low
“Again this was a byproduct of a lengthy conversation we had. Overall, lots of cause to be optimistic moving forward. I kept asking if Gia could materialize and what amrn might look like if the true power of V could be harnessed by amrn and he kept giving me same answer “they’ll Gia until offer they can’t refuse ‘. “”. Yes. EVERY Company is for sale at the right price!!!
Buh- byeee.
Yep. Once we get expanded label and we get a $25-30 PPS Sell to BP and we all make $$ and buy the new BP stock. Otherwise its more of the same with AMRN UNLESS something is cooking big time now
Right on JL—JTs radio silence is deafening PPS is ridiculously low considering what we have in V
I would never take aspirin again. Caused bleeding and constipation. Nasty stuff. V is golden- would never stop taking it
I guess because BP hasn't made an offer that could be refused—YET!
Yes- JT needs to elaborate beyond their boilerplate PR
Im not a trader and have been long since 2015. The PPS now lower than 6 months ago. I hope JT knows a whole lot more than I do as to why.
We need to hear something from JT. I have given him the benefit of the doubt since the news yesterday but this PPS is unacceptable
This is a pretty interesting post from Stocktwits. I hope this is correct. “Jul 17th, 7:20 pm
$AMRN Remind me never to play poker with JT. This offering prospectus is brilliant! JT has seen The River Card and it’s The REDUCE-IT approval. “Go It Alone” is not a bluff and with over $600 million in the bank BP is on notice that if they want to play the “Call Bet” will need to be well north of $40 Billion.
It’s BP’s move (Call & Raise) or fold your cards! $AMRN intends to hit the ground running immediately after approval and they have a First Amendment Court Ruling that gives them almost immediate market timing for DTC advertising. Furthermore, there’s a possibility that $AMRN may move to further tie up EPA supply and manufacturing: Quote: “We also may use a portion of the net proceeds to acquire strategic assets”.
Can you say Partner with a key Supplier? (BASF?). Who needs a BP Buy Out when you can corner the world EPA market (much like JD Rockefeller). Oh Yeah, JT is sitting on “Pocket Rockets”!
ARRY had offering right before BO. If your a true long this should not affect long term
I didnt say hiring reps would be cost effective but that is their stated intention They are trying to play the GIA hand. Lets see if it works
That was my first thought also Its a poker game. They will hire 400 more reps and play this whole thing out. After FDA label expansion approval we will see some legit BO offers
NVS and AMGN need V. It might help solve their failure on Alzheimer's not to mention CVD. https://finance.yahoo.com/news/amgen-novartis-alzheimer-studies-end-142402786.html
Agree with you I watch NVS everyday. They need V badly and at the same time they are a vital company that pays a very nice dividend. I think you are correct when JT is thinking only in terms of triple digits tor any suitors This week’s PR upped the ante considerably
“I think about the theoretical higher gains to be made with a GIA strategy. And, although V seems to be as sure a bet as I have seen, the potential for hazards to develop as time passes is there. So if the buyout premium is high enough, not only does it eliminate further risk (albeit it also means eliminating the opportunity for even greater rewards via GIA) but in my case might sidestep my chance to screw it up when it comes to figuring out when to sell. “. My feelings exactly. A fair BO accomplishes what it MIGHT takes years in a GIA strategy. Besides- BP has a way of making an offer that cant be refused. That’s why they are BIG
What makes you think offers are not coming in and more will follow after todays news???
Exactly. To me the PR this morning makes AMRN just more attractive to BP. Either way- we win!!
Boy do I hope you are right. AMRN cant handle this alone Most Docs know ZILTCH about V
For sure-go over to Stocktwits if you want to talk trading. Its getting to that $100 PPS that interests me
Same here. I bought in at $1.85 and figure anybody with 10k or more shares will be at least a millionaire
You got it- The PPS has been sideways for 9 months. R-1 means nothing to the street. V is a non-entity to most Docs. BP has the capability connections and influence. Would prefer a stock deal but can always buy the acquiring stock. Otherwise you are talking years to get to a PPS that reflects the value of V- and there will be many obstacles for AMRN with a lot of maybes to overcome. A bird in the hand———
I agree with the 3-6 month BO time frame. As far as Im concerned its only a matter of time. The script # prove GIA will take a long time JT responsibility is first to shareholders
Underwhelming to say the least.
I have to agree with BB about NVS They definitely need a heart drug now more than ever. How about a stiock deal at $90 which is their current PPS
I agree with you basically but I dont think expanded label will mean much of jump in PPS given what has happened for the last 9 months. Only a legit BO offer will make the PPS skyrocket
Excellent- agree completely BP could do in 1-2 years what it would take AMRN five years to do only without any more roadblocks Plus the BP stock would be golden
And how do you know this?? I hope you're right
GIA $50 PPS in a few years??? Forget it— thats why there will be a BO
JL - glad you are still with us. AMRN long all the way
With today’s news about PFE I think this puts NVS and BIIB as leading suitor candidates for a BO. Thoughts??
I just called Silver Scripts and V is tier 4