Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thnx - don't know how I missed that, I probably stopped reading the PR as soon as I saw Sarissa won the fight. Oh, wait - wasn't removing PWO one of the voting questions? Speaking of votes, I wonder if we ever get to see the full tally of votes - as in how many abstained - did retail finally stand up and take action or did 'tutes just vote for Sarissa, along with enough retail to get a simple majority? Only would have needed something like 10% of retail to vote for Sarissa to get to 51%.
Why is Per Wold-Olsen not on that list? He's not shown on the AMRN website as being on the BOD although he's the chairman:
https://amarincorp.com/about-amarin/leadership (click on BOD link, not management)
I don't recall seeing any PR that he had resigned - did he quit after Sarissa won the proxy fight and I missed it?
Viagra is a vasodilator, should not make your BP go up - or do you mean your pulse feels like it's pounding, perhaps beating faster to make up for the lower BP? That happens to me on occasion, but for other reasons (mild dehydration is one cause, lowers blood volume) - pulse gets really fast in response to an abnormally low BP, which for me means 90/60 or lower. Of course getting a headache due to taking an ED med is a pretty undesirable outcome all by itself - could you imagine taking one then having to tell the wife "not tonite honey, I have a headache"? LOL.
Nice idea, but there are no such thing as "UK common shares" AFAIK - they do not trade on any exchange except NASDAQ as ADRs.
What does that SEC 13F list represent? It's 724 pgs long, looks like it lists every stock and option traded on US exchanges - certainly doesn't show ownership or # of shrs out or anything related to shrs/ADRs.
To be honest I now don't know if Sarissa takes control of the BOD it will really make any diff for AMRN unless they try to sell it off quickly - there's nothing they can do about crap like the UK budgeting drug spending 3 yrs in advance, or Germany suddenly deciding they can't afford to pay for some life saving drugs anymore (not all Putin's doing either, their politicians made some serious mistakes in the energy sector long before he invaded Ukraine). How does Sarissa hire people who can impact negotiations with EU officials in charge of drug spending any better than the people AMRN has doing it? They can't, because it's not that side of the table that's the problem.
I know what the difference is between 13F and 13D, don't need to read your prior posts - 13Fs are for 5% passive owners, 13Ds are for 5% activists, and the latter have to report changes in holdings in 10 or less days - the former just have to report 45 days after a quarter ends. I stand by what I said - I've never seen such a discrepancy in 13F and combined 13D/F/G holdings before.
It's apparently not true, but if it was you shouldn't be applauding an activist investor claiming he's a 5% owner if he really only had that stake when he started his proxy campaign, and sold off 4% of his position while fighting to nominate members to the BOD. That would probably break some kind of law if it actually happened.
Still confused why NASDAQ.com would show a -19M sale if nothing of the sort happened - that link in Sleven's post 402979 is where I saw this first before I started digging deeper. I didn't find Birdrock's SEC form showing on Sarissa's Q4 13F that they owned 4.8M shrs, but did see it on other websites. Still don't understand why Whalewisdom shows the 4.8M shrs for Q4 13F but current combined 13D/F/G is 25.2M shrs.
Didn't mean to post FUD, but I've never seen anything like that before, where 13F holdings is so far off from combined holdings. This goes beyond AMRN and Denner - how many other stocks out there have investors been mislead about because of reported ownership discrepancies like this? I mean what is the only true source for this info, as the multiple sites I checked (at least 6) were about 50:50 accurate on actual ownership as of 12/31/22 and 1/11/23?
What kind of idiotic government tries to plan out spending 3 yrs into the future? I just learned of this, can't help enlighten you - all I remember is that when negotiations started I read something that said if a new drug was estimated to cost the NHS $20m/yr or more it got special scrutiny and had a higher benefit/risk/cost bar to meet than cheaper drugs. Also, didn't you write that NHS is proposing or agreed to pay $126/scrip? KM said they were getting $152/script - did he lie or did the UK change their price? That's less than they get in the US, and KM said they would sell V at a premium to US pricing in the EU. Another management failure? IIRC AMRN abandoned Germany because they only were willing to pay around $125/mo for V, and KM claimed they didn't want to set a precedent with such a low cost as it would affect pricing in every other country - so if that UK price is accurate, we gave up Germany at a cost of $50M for nothing.
Don't know if this has been mentioned here already or not - but Sarissa and Denner look like they pulled a fast one on us - they actually dumped 19M shrs in Q4, partly why there was so much selling pressure on the stock, then bought 21M shrs back in the first week or two of 2023 - so they were arguing since Oct 2022 as a 5% owner they could demand a special shareholder meeting, which they actually didn't file for until Jan 11 2023, while in reality during some period of time in Q4/22 they only owned 1% of AMRN - appears they sold at $1.20 or so to help drive the price down so they could get shareholders riled up enough to elect their BOD, then the rebought at $1.40 or more - that was pps as of 1/4/23, went all the way up to $2120 on 1/17:
https://whalewisdom.com/stock/amrn
SARISSA CAPITAL MANAGEMENT LP
Shares Held Change in Shares % Ownership Date Reported
4,807,000 19,191,000 1.1904% (no date given, it's their 13F for Q4/22)
25,210,000 (no change in # shrs reported, very odd) 6.2427% 2023-02-14
I checked a bunch of different websites, some show that 19M shr sale in Q4, some don't, but all show Sarissa controlling 6.24% as of 2/14/23 - but I suddenly think maybe I should change my vote to the white card, Denner is apparently a real snake in the grass.
No UK V sales until 2026?!? How does the UK approve V in 2022 and take 4 fucking yrs to actually include any spending for it in their budget? What do they do if there's a cure for cancer found - let people who could have lived die for 4 yrs until they get their stupid budget straight? That's impossible to believe.
It can be 95 more than 6 months of the year where I live - that's two 3-mo deliveries that might get over heated in my mailbox or on the front porch - the porch has direct sunlight on it 80% of the day, so something sitting there for hours would get WAY hotter than the ambient temp. I've felt it with bottles of supplements delivered to the porch that sat in the sun for hours - when I take the box inside to put the bottles away they're noticeably hot to the touch.
Well, given that 80% of adults have gotten at least one vaccination, 70% are fully vaccinated, and 33% boosted, the chances are high that most people you know got vaccinated - it's not like being vaccinated raises your odds of infection, unless it prompts you to unsafe behavior because you think you're incapable of getting infected.
Curious how your clinic treated you - since you suspected you had COVID, I assume they allowed you inside with a mask? But if you had already done a home test and wanted a PCR confirmation, they likely wouldn't have allowed you into the office - my PCP won't allow infected people inside.
Looks like I may be over the hump - fever broke overnight, now down to 98.1, and I ate solid food for breakfast, was starving - lost 3 lbs in the last two days from not eating. Only oddity is that my sinuses are the worst they've been all week - had to wake up to blow my nose around 3:00 am because I was so stuffy - sinuses were almost full of snot, and were full again when I got up at 9:30 am - must have used 20 kleenex's in those 7 hours.
I do not like mail order drugs, only do it when I have no recourse, like the one off label drug I take that Medicare won't cover, so I have to buy it from Canada - but it's a solid pill, no worries of affects of weather on it, as opposed to bottles of V sitting in my mailbox or on the front porch for hours in 95 F heat (more like 110 if you include heat of sun on the box) - that can oxidize V.
Don't know what you mean about me welding - haven't welded anything since my late 20's - it's the one tool I miss the most for my shop, but my breaker box is maxed out and the ozone created from welding would irritate the hell out of my lungs - when I'm repairing/testing electric stuff and accidentally touch hot to a ground, creating a shower of sparks, my lungs burn like hell from the ozone generated from the arcing. And no respirator filter can trap ozone for very long, the activated charcoal gets saturated really quickly - not like I could fit a respirator under a welding helmet anyway.
In the SEC docs Sarissa has been filing there's a phone number you can call to vote your shares if you didn't get an email from proxyvote.com - you might get something via snail mail, but whether you can get it and mail it back in time for it to count is questionable. Just best to call in your vote - I looked up the contact info for you:
I got a sore throat Mon night and had zero appetite, felt sick to my stomach, but temp was my normal 97.8 - I haven't been sick from cold or flu for 25 yrs (although plenty of other crap!), so I knew something was not right - prayed I wouldn't wake up on Tues feeling really sick, but never even fell asleep Mon nite - symptoms got worse overnight, just tossed and turned until I gave up and got up at 10:00 am Tues. First thing I did was check my temp (101.7), my O2 level (93%, bad low) - both are signs I had COVID, so I got a rapid test from my kitchen cabinet and 10 mins later confirmed I was infected. I pretty much knew what the test result was going to be, just had to confirm it so I could cancel and reschedule the next 2 wks of PT - I was already < 24 hrs from one scheduled for Wed morning, and would have been charged $150 for canceling so late if I didn't have COVID. Emailed my two friends who organized the HH so they could spread the word amongst their groups that I got infected at HH so they should get tested - although from the sounds of their replies I doubt they were going to advise anyone to take a home test, which I don't get - we're all late 50's early 60's, some with existing health problems, not kids that wouldn't worry if they got it or not. I BCC'd my Dad and sis on the email, first thing out of my Dad's mouth in his reply was I look into Paxlovid, I think because of my breathing problems - funny you both thought of that, because I'd pretty much forgotten it even existed - I don't even remember what it does. Part of me knows the odds were extremely high that eventually pretty much everyone will get infected, just like all adults will test positive for HHV-6 (mono), but another part said "I made it past the worst safely, I might never get it" - the second part probably would have been accurate if I hadn't gone to that HH - I have avoided indoor gatherings like the plague for 3 yrs - wouldn't have gone if I'd known what kind of zoo that place was going to be by 6:30.
So do you get your V from CVS or Walgreens? It's impossible neither of them could order you V, they buy from big distributors that carry every drug known to man, except expensive ones Medicare won't cover, like BIIB's first AZ drug - the one that showed zero positive results but did kill people from brain bleeds.
Per timing a 3 mo refill for Dec, that's just a function of what month you started and you can't change when you're eligible for refills unless you skip a month or two then restart. This CVS "it costs so much!" crap happens every year when I get my first 3 mo refill - this year was just a case of compounding errors and a failure of the pharmacy staff to contact me - they really don't have the time to follow up with every patient like me, so nothing gets done until you show up and discover the scrip you refilled online isn't actually ready. It's never a problem the rest of the year, but after the utter BS I went thru this year I may switch my V scrip to a small independent pharmacy 1/4 mile from the CVS where I get one specialty scrip filled - my next door neighbor works there, and they always call me pronto when my doc sends in a scrip for that drug but they have none in stock - small businesses DO provide much better customer service than chains.
Yeah, I voted two of my 3 accounts two days ago - the ones at TDA - didn't get a proxy vote email from the other broker where my 3rd position is held - but it's a very small # of shrs, really doesn't matter if I vote those or not.
Huh - WTF is a "subscription revenue model" and how exactly would it work for selling drugs? I mean step by step how does that work?
Rose, yeah, I never got down that far in a 104 pg doc - still have a fever, brain ain't working 100% so I'm trying not to use it more than necessary - some would say "that's not news to me" LOL.
Looks to me from that presentation their only plan is to sell the company - everything is focused on SG&A cost problems caused by being a one-drug company. I do like pg 14 where they say management is way overpaid compared to performance, but they neglect to mention that the rich exec comp plain that was approved in 2020 was based on dreams of riches from gaining R-IT approval, and there was no way to cancel that plan once approved - they also pointed out in one of their presentations why such a horrible for shareholders exec comp plan was approved in the first place - too many retailers didn't bother to vote against it, and a non-vote gets counted as abstaining, which generally counts as a yes vote for the BOD's proposed exec comp plan. That same lack of participation makes me wonder if this proxy fight actually goes anywhere - 'tutes other than Sarissa will likely vote for AMRN's BOD, and with enough abstentions there won't be enough votes cast in favor of Sarissa for them to take over the BOD. I also have a hard time believing Sarissa's claim of only spending $250k on this fight while accusing the BOD of spending $5M-$7M - one of those numbers cannot possibly be anywhere close to accurate.
My CVS is now officially a clownshow - they got rid of the experienced pharmacists that have worked there for years, or they left on their own due to being overworked to death. Last Wed I went in to pick up my first 3 month scrip of 2023, which was called in two days prior, and the asshats had it on hold because it cost so much - do they call me to tell me that? Of course not! So I go back on Friday to pick it up after telling them I knew damn well how much I cost because I've been on it for 10 yrs - I get home, open up the bag, and what do I find? GENERIC V from Teva! And my Cigna part D plan doesn't even cover GV! I'm thinking CVS pulled a bait and switch on me because sometimes they make more money on generics than brand names - how the hell did they get Cigna pay for something that's not even on my formulary?
So I take the GV back Sat. and tell them to give me brand name V - they don't have it, will have to order it - but did they? NOPE! Monday I go back to pick it up and they claim my doc wrote a script for icosapent ethyl and I need a script that says Vascepa - so I call his office when I get home and the clerk tells me he absolutely wrote V on the script, she was looking at a copy of the e-script on her computer. So I'm between a rock and a hard place - somebody is clearing lying to me - each side is blaming the other for the fuckup. So I tell the clerk please write me a paper script with DNS on it so I can take it to CVS and get real V - turns out the first script WAS for V but it didn't have DNS on it - still doesn't explain how the hell CVS got Cigna to pay for it in the first place.That 3 months of GV was going to cost me $549, but when I finally got my V today it cost me $436 for 3 months. I had paid $180 of my $500 deductible and my CIgna copay is $33/mo for V, so those numbers come close to matching up as far as my out of pocket cost goes. But it took a whole frigging week and 4 trips to CVS plus one to my doc's office to get the damn stuff - what a clusterfuck! This whole "put a scrip on hold because the patient might not be able to afford it but don't tell the patient you're not filling it" stuff they pulled is utter BS - all they had to do was check my records and they would have seen I've been on it for years and I know how much it costs.
While I was having this nightmare run around with CVS I was also suffering from the first day of symptomatic COVID - I've gotten every shot, including the 5th shot last Dec of MRNA's bivalent original/Omicron booster, but the first time this groundhog sticks his head out of the hole since going underground in Jan 2020 to attend a happy hour last Friday night I get infected! What are the chances of that? Worst part was I didn't sleep a wink Mon night - exactly 72 hours after exposure I started feeling symptoms on Mon, a nasty sore throat when I went to bed, then tossing/turning all night from fever, chills, and terrible fibromyalgia type pain in my thighs. When I finally give up on trying to sleep 9:30 am yesterday I got out of bed and try to take a deep breath, but that causes a coughing fit - feels like I went swimming the day before and inhaled a bunch of water into my lungs, I can't take anything more than shallow breaths, and my O2 level is only 93% - that's LOW. Thank god I take V and singulair - one or both calmed down the inflammation in my lungs and by 1:00 I was breathing fine, O2 was back to 99% - now I just feel like I have a cold mixed with a bit of flu, and I'm getting better by the hour it seems. But man I am pissed off I got infected after being so careful for so long - I had to cancel two week's worth of my regular PT and reschedule, meaning now it'll be 3-4 weeks before I'm able to get treatments again - I'm going to be a mess by then.
So enough of my lousy week - does anyone besides me think that Sarissa's proxy vote presentations are getting sort of childish and cartoonish, like investors need to be spoken to like they're 5 yr olds? The one they put out yesterday was filled with silly quotes from famous people and musical lyrics, like the first one from Pink Floyd - “Hello? Is there anybody in there?”, which is from The Wall's "Comfortably Numb ". I voted blue today, but do not like that all Sarissa has done to date is attack AMRN management, which they royally deserve, but they have put forth ZERO ideas on how to turn AMRN around, if that's even possible at this point. Do they have actual plans if they take over the BOD, or is their plan to pump up the stock and sell the company for a decent profit for them, but likely huge losses for most of us longs - pps has to triple from here for me to just break even.
Ok, who here was quoted by Sarissa in their latest 14A?
https://investor.amarincorp.com/node/22686/html
Au contraire - there have been multiple drugs that combined generics that were given FDA approval - one of them was the source of one of the worst trades of my entire life - AVNR's Nuedexta, a combo of dextromethorphan and quinidine, used to treat pseudobulbar affect (PBA), a condition that causes uncontrollable laughing or crying. After owning it for years and seeing it go nowhere, I wanted to add to my ARNA position, so I sold AVNR at $3.28, lost -15%. A year or two later they got a 2nd indication that allowed it to be used to control unruly patients in nursing homes and sales to assisted living facilities starting booming - the stuff really works for calming people down - then they got taken private for $17/shr - CRAP!! And ARNA did a 1:10 RS after that buy at $11.20 - DOUBLE CRAP! ARNA got BO by PFE last year for $100/shr for two other drugs in their pipeline, so on a net basis I lost -497% on the AVNR to ARNA lot. Did make an overall 150% profit on the BO because that AVNR lot was only 15% of my entire ARNA position - but I would made almost double that ARNA profit dollar-wise had I just held AVNR until it got BO.
Two other generic combo drugs that were in competition with ARNA's Belviq weight loss drug was VVUS's Qsymia, a combination of phentermine and topiramate, approved back around 2013, as well as OREX's Contrave, a combo of generic naltrexone hydrochloride and bupropion hydrochloride. They all flopped in the market because of bad side effects and poor efficacy. Belviq got marketing approval yanked several years ago because it was causing cancer, something that came up during the approval process that ARNA convinced the FDA was just a problem with mice, not humans - oopsie - good thing ARNA had sold the rights for Belviq to partner Eisai before that happened.
The reason all of those combo drugs were approved was because it's well known that patients will be more likely to stay on a daily regimen of a single pill vs. having to manage two - and none of those individual ingredients worked for their indication, you had to combine them to get synergistic effects to make them work. That said, I've always claimed a V-statin combo pill is a dumb idea and not worth the money it would cost to get it approved because of statin tolerability issues - everyone has a unique dose they can handle, and that applies to all the different statins - how many people will tolerate the one or two V combo pills when there are dozens of combos involved when you include all statins and all doses?
He specifically mentioned a combo pill but only for the EU? Why wouldn't they sell it in the US, where profits would be highest? Didn't even mention it in the transcript - I assume "FDC" means combo pill, but what does FDC actually mean?
Amarin JPM Presentation 2023
https://static.seekingalpha.com/uploads/sa_presentations/63/90063/original.pdf
My Dad used to get the Popular Mechanic magazine - I recall reading about these wave to electricity systems over 40 yrs ago - they have very limited applications. Engineering-wise, I love them, some newer systems have really ingenious designs - but if they were practical they'd be everywhere. You've heard of all the people living off the coast of NY, NJ, MD, and VA complaining that offshore wind farms will destroy the ocean view and kill beach tourism - can you imagine their outrage if someone wanted to install one of these wave systems along their coastlines?
That Phoenix ice chiller plant(s) is a great use of excess power - it can also store a tremendous amount of energy - change of phase for water from ice to liquid is high, and ~8 times better if you're evaporating liquid to vapor, but the latter requires a closed vacuum system. Don't know why LA and surrounding cities don't use such chillers - they could greatly relieve the 5:00 pm AC demand if used in apt. towers. Obviously no good for residential areas, you need a lot of people in single buildings to make these systems economically feasible. The opposite system has existed for > 100 yrs - centralized steam generators supplying heat to buildings in cities using underground pipes to distribute the steam - those are the famous NYC steam grates you see everywhere.
Well I'll be damned - you're right, during sunny days CA actually has more power than they can use:
https://www.washingtonpost.com/us-policy/2022/09/21/california-is-awash-renewable-energy-except-when-its-most-needed/
But on hot days by 5:00 pm when solar output starts dropping drastically they're close to needing rolling blackouts - got too far ahead of themselves shutting down NG generators before they found a way to store the excess day power and use it at night - not that they could store enough to meet demand for more than a couple hours tops, they don't have THAT much overcapacity during the day. Ironically, one of the most efficient ways to store that power is pumping water uphill into a reservoir during the day, then using it to generate hydropower at night - they can't do that because they lack the water needed for such systems - it's a LOT of water, and they'd need new transmission lines to send the power to those systems, as you wouldn't want to build one in the desert, would lose too much water from evaporation.
As far as Diablo Canyon, I watched a documentary on the San Andreas fault (and earthquakes/tsunamis in general) last night on a DSC channel - unbelievable the crap they got away with to get building permits - the utility claimed it wasn't near any fault lines and refused to let a geologist testify that they were - and the state/Fed government let them get away with it!?! It's supposed to be shut down in 2025 but now they're talking about re-certifying it because they need the power at night.
Good post, but with AMRN's horrendous record in court I wouldn't count on the CAFC reinstating Hikma to the case - nobody in the legal system appears to give a damn about this company having it's rights protected.
CA doesn't have excess electricity - they don't have anywhere close to sufficient generating capacity, especially on cloudy windless days. And even if they did have extra power, it wouldn't be economical to run a desalination plant only during daytime hours, the process isn't like flipping a switch where you can start and stop it on a whim - plus that's the most expensive way to produce water there is. I know a lot of NoCal uses groundwater sources - in fact there's a stock someone I know elsewhere owns that has a large % of it's value locked up in groundwater rights - they sell it to farmers as well as use it for their own farms/orchids - they've gone into the pistachio market in a big way and for some odd reason growing those sweet little nuts takes more water than almost any other type of food. They're trees, not legumes, so that's part of the problem.
As far as the HN settlement not moving the stock price, why would it? If I didn't get email alerts from AMRN when new SEC filings are made I never would have known about it, just like I didn't know they were (apparently) appealing the dismissal of Hikma from the infringement case - no news services, including SA, picked up the news because AMRN didn't release PR's - even w/o a full time PR person like Liz used to be they should be able to issue frigging PR's about court cases that may affect the company's fortunes.
I think I understand - the court dismissed the case against Hikma, it wasn't AMRN dropping them from the case - and that's what they're appealing - that Hikma should not have been dismissed. Any idea what their chances are of getting Hikma back in court?
I don't think so - 2024-25 is how long we thought it would take to get to trial with Hikma and Healthnet, maybe included at least one appeal - whatever they're still appealing with the CAFC, appeals don't take 3 yrs to get to court.
8-K reveals nothing:
I visited the Big Island in 2002 and we walked out onto the lava flow that had crossed the main perimeter road on it's way to the sea - we didn't go near the water because "when the extremely hot lava hits the seawater, the heat causes the water molecules to split into hydrogen and oxygen ions; the hydrogen then combines with chloride ions dissolved in the seawater to form hydrochloric acid. The vapor from this acid is dangerous to inhale"
As far as that causing it to rain in SoCal, no way - it's not evaporating anywhere near the volume of water that comes down in a rainstorm like the kind that flooded SoCal the last few days. And of course that rain will do nothing to help their drought problems, fell in the wrong places - most just went back into the ocean instead of reservoirs where it's needed - almost every area of the state got less than 1/2 avg rainfall over the last year:
https://ggweather.com/seasonal_rain.htm
CA needs it to rain and snow in the Colorado River watershed, which originates in the mountains of Wyoming and Colorado - that's where most of SoCal's water supply comes from. Speaking of the Missouri and Mississippi Rivers, their water levels have dropped so low over the last few years that a lot of shipping can't deliver goods down to the Delta in NO or anywhere else along the way - barges don't have enough water under them to keep from going aground. That's one reason why railroads are overburdened, they have to take up the slack.
Colorado
Wow - that's harsh - and terrible news - I don't know how many V patients were on one of those BCBS plans, but if it's significant AMRN is not going to stabilize at 60% of market share in 2023 like they have right now. Did anyone write AMRN and/or BCBS that they appear to willfully be violating R-IT patents? Seems like another lawsuit is in order! Wouldn't be easy though - you'd need to get affidavits from docs and patients prescribing V for CVD and receipts/evidence showing BCBS giving them GV instead of V. Wonder if this had anything to do with the BB's closing their AMRN position? It really is terrible news, as other insurers may follow suit.
Think it's been almost a year since I visited the board - not much to follow anymore, only interest is in the infringement lawsuit - also came here yesterday to see reactions to the BB's dumping the rest of their AMRN position. Yes, winning against Healthnet doesn't automatically apply to any other insurer, but AMRN legal can send letters to all other insurers saying we won this case and will sue you too if you don't change your practices - just the threat would probably be enough, nobody wants to spend yrs and pay millions in legal fees if they can avoid it.
How is getting both V and GV on the same tier possible, let alone a "win" for AMRN? By definition a brand name can never be on the same tier as a generic - although an insurer might decide to make costs equal, but that is very difficult to do for a single drug because nearly all plans have a fixed single price for all generics - like Walmarts $3/scrip for any generic. Healthnet (and all other insurers) paying for GV for the CVD indication after a PA is supplied stating the scrip is for R-IT indication is infringement - AMRN is dead in the US if they give up on trying to prove that. Hell, they're probably dead anyway - how many years will it take for them to build up significant sales in the EU, and at what cost? They flooded Germany is 200 reps IIRC then had to take a huge writeoff to close down German operations when they refused to pay a reasonable price for V.
AMRN is traded as an ADR in the US, not as a regular stock - US laws do not apply in some areas.
Don't have time to look for the bookmark but I distinctly recall researching this a year or two ago and discovered (or was convinced) that the laws covering AMRN prevent a poison pill, be they UK or Irish.
Have to say I agree - I just did a google search on "activist investor names new members to board of directors", and in almost every case the company under attack released a PR naming the new BOD members using the words "settlement" or "agreement" - AMRN PR does not use those terms, so they're not Denner's choices. Unbelievable - even more mismanagement by AMRN! Will have to see if Denner issues a PR saying he's appeased or he's going to continue a proxy fight to name his own picks to the board.
Irish companies are not allowed to issue "poison pills".
Unfortunately no such exact Cigna plan is offered in my county/state - there's a premium Cigna plan with a $100 deductible offered but with all of my other drugs included it would cost $500 more per year according to Medicare.gov, mostly because the premium is $290 more per year than the regular Cigna plan. The difference between various Part D plans offered in my state for a few of my drugs is staggering, %-wise - like colchicine (Colcrys) cost for Elixir is double the cost of the Cigna plan - same as price diff for V ($65/mo vs. $33/mo).