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.
if you really think Obamacare is illegally chopping exclusivity for biologics but chopping NCE exclusivity is legal that's fine, but Amarin does not and is asking a federal judge to make them follow the law.
sNDA does not need SPA. SPA appeal originally Amarin stated decision late spring early summer, now predict third quarter after latest questions sent to FDA.
Amarin fighting illegal Obamacare NCE restrictions in court:
(tell Obama Vascepa will actually save money with preventive care)
Obama administration looks to chop back market exclusivity for biologics
March 6, 2014 | By John Carroll
Reprint
One of the signal achievements for the biotech industry in the Affordable Care Act was a provision granting 12 years of market exclusivity to biologics. The decade-plus period of protection against generic competition ensured that biologics would remain center stage in the R&D world, especially as Big Pharma tumbled over the patent cliff as it tried to rethink its megablockbuster-sized budgets for drug development.
But the Obama administration never favored that portion of the law, which was backed by a bipartisan coalition of lawmakers in Congress. And once again the administration is proposing to greatly scale down the exclusivity period, chopping the protection period from 12 years to 7 years.
The administration tackles the provision on page 64 of its summary version of the fiscal 2015 budget, noting that it will once again try to scale back exclusivity while preventing any extensions based on formulation changes. And if they succeed, the administration is claiming that they can carve $4 billion out of the Medicare budget over 10 years.
The Biotech Primer: An insider's guide to the science driving the biotech and pharma industries
This 200-page book takes an in-depth look at the biotech industry and the science that drives it. Although the industry itself is constantly changing, these fundamental concepts upon which it is built will remain important for years to come - and decision-makers who understand these fundamentals will be better able to evaluate and predict new trends. Click here to buy today!
Sign up for our FREE newsletter for more news like this sent to your inbox!
Those billions, along with billions more for private payers, would be carved out of the industry's revenues, which will leave BIO and a host of drug industry lobbyists to fight the ongoing battle against this provision. They'll likely face some major league opponents, though it seems unlikely that the administration can get the votes to alter that portion of the law at this stage of the game.
In other related budget news, there's an ever-so-slight 0.7% budget hike in line for the NIH, which isn't enough to keep up with inflation. That includes $100 million for the NIH's brain research project and a continuing focus on translational research as well as Big Data. And then there's a $970 million sweetener, a special provision that the administration wants to make for a variety of research initiatives, including Alzheimer's and vaccines research. If passed, the total NIH budget will reach $31.3 billion in the next fiscal year.
Read more: Obama administration looks to chop back market exclusivity for biologics - FierceBiotech http://www.fiercebiotech.com/story/obama-administration-looks-chop-back-market-exclusivity-biologics/2014-03-06#ixzz2vKs8dzWn
Subscribe at FierceBiotech
Amarin currently advertises Anchor, that Vascepa is effective in lowering high triglycerides and is intended for that purpose. if Amarin added effective for reducing CVE it would probably cause itself to end up in court.
the courts won't allow you to use them until you've exhausted the available agency appeals
A judgment is entered, the plaintiff or defendant can appeal, that is Amarin or FDA, generics are not involved.
you can only appeal a judgment against you, generic drug makers cannot appeal. if FDA appeals NCE would be allowed during appeal making any reversal worthless
see U.S. v. Coronia, court rules against FDA, cannot prohibit drug rep from truthful off label promotion of approved drug
New York Times
Ruling Is Victory for Drug Companies in Promoting Medicine for Other Uses
By KATIE THOMAS
Published: December 3, 2012
FACEBOOK
TWITTER
GOOGLE+
SAVE
EMAIL
SHARE
PRINT
REPRINTS
In a case that could have broad ramifications for the pharmaceutical industry, a federal appeals court on Monday threw out the conviction of a sales representative who sold a drug for uses not approved by the Food and Drug Administration. The judges said that the ban on so-called off-label marketing violated the representative’s freedom of speech.
The 2-to-1 decision by a three-judge panel of the Court of Appeals for the Second Circuit in Manhattan addresses a long-running and costly issue for the industry, which has paid billions of dollars in penalties to the federal government in recent years after being accused of marketing blockbuster drugs for off-label uses.
In July, for example, the British drug maker GlaxoSmithKline agreed to pay $3 billion in fines, in part for promoting antidepressants and other drugs for unapproved uses; a month later, Johnson & Johnson announced that its pharmaceutical unit had reached a $181 million consumer fraud settlement with 36 states and the District of Columbia over its marketing of Risperdal, an antipsychotic drug.
“Most if not all of these cases have been based on a central premise: that it is unlawful for a company and one of its employees to be promoting a drug or a medical device off-label,” said John R. Fleder, a director at the law firm Hyman, Phelps & McNamara who represented the F.D.A. while working at the Justice Department. “And this decision hits at the heart of the government’s theory.”
The ruling, in United States v. Caronia, involved the conviction of Alfred Caronia, a former sales representative for Orphan Medical, which was later acquired by Jazz Pharmaceutical. Mr. Caronia was selling Xyrem, a drug approved for excessive daytime sleepiness, known as narcolepsy. He was accused of promoting it to doctors as a treatment for insomnia, fibromyalgia and other conditions. He became the target of a federal investigation in 2005 and was caught on an audiotape discussing the unapproved uses of the drug with a doctor who was a government informant. He was convicted by a jury in 2008.
Mr. Caronia appealed the conviction, arguing that his right to free speech under the First Amendment was being illegally restricted. The appellate court decision applies only to the Second Circuit, which comprises New York, Connecticut and Vermont, but some lawyers said that the government was likely to appeal and that the case could find its way to the Supreme Court.
Under the Food, Drug and Cosmetic Act, which gives the F.D.A. the authority to regulate drugs, selling a “misbranded drug,” or one that is intended to be used for purposes not listed in the label, is illegal. Doctors, on the other hand, are free to prescribe a drug for any use. The agency has argued that off-label promotion of drugs is evidence that a sales representative or company intended to sell misbranded drugs.
In its decision, the court said this view violated the First Amendment and cited as precedent a 2011 Supreme Court decision, Sorrell vs. IMS Health. In that case, the high court, citing freedom of speech, overturned a Vermont law restricting pharmaceutical companies from using prescription data for marketing purposes.
“The government clearly prosecuted Caronia for his words — for his speech,” the majority wrote, concluding later “the government cannot prosecute pharmaceutical manufacturers and their representatives under the F.D.C.A. for speech promoting the lawful, off-label use of an F.D.A.-approved drug.”
The lone dissenting judge, Judge Debra Ann Livingston, vigorously disagreed, arguing that by throwing out Mr. Caronia’s conviction “the majority calls into question the very foundations of our century-old system of drug regulation.” She argued that if drug companies “were allowed to promote F.D.A.-approved drugs for nonapproved uses, they would have little incentive to seek F.D.A. approval for those uses.”
Gerald Masoudi, a former chief counsel of the F.D.A., said the ruling made a distinction between truthful discussion of off-label uses of drugs, many of which are considered legitimate by the medical community, and those that are misleading or false. He noted that “anyone on the planet” could discuss off-label uses of drugs, except for pharmaceutical companies.
“It’s very significant,” he said, “because it’s going to make F.D.A., in its promotion cases, focus on the kinds of speech that are more likely to harm consumers, such as false or misleading marketing versus something that is not approved.”
In a statement, the trade group for the pharmaceutical industry, Pharmaceutical Research and Manufacturers of America, said it was pleased with the ruling.
“PhRMA believes that truthful and nonmisleading communication between biopharmaceutical companies and health care professionals is good for patients, because it facilitates the exchange of up-to-date and scientifically accurate information about new treatments,” the statement said.
A spokeswoman for the F.D.A. said the agency did not comment on active litigation.
Lawyers said the government would most likely ask for a rehearing before the circuit court’s full panel of judges and after that, it could be taken up by the Supreme Court.
Because pharmaceutical companies market their drugs nationally and the ruling applies only within the Second Circuit, the ruling is not likely to lead drug makers to change their marketing policies. Rather, some said, the F.D.A. will be unlikely to pursue convictions in similar cases until the legal issues are resolved.
A version of this article appeared in print on December 4, 2012, on page B1 of the New York edition with the headline: Ruling Is Victory for Drug Companies In Promoting Medicine for O
Ruling Is Victory for Drug Companies in Promoting Medicine for Other Uses
By KATIE THOMAS
Published: December 3, 2012
In a case that could have broad ramifications for the pharmaceutical industry, a federal appeals court on Monday threw out the conviction of a sales representative who sold a drug for uses not approved by the Food and Drug Administration. The judges said that the ban on so-called off-label marketing violated the representative’s freedom of speech.
The 2-to-1 decision by a three-judge panel of the Court of Appeals for the Second Circuit in Manhattan addresses a long-running and costly issue for the industry, which has paid billions of dollars in penalties to the federal government in recent years after being accused of marketing blockbuster drugs for off-label uses.
No Dew you predicted all along Adcomm big win for Amarin. NCE much different than patent, fighting for what's right in court not admitting weakness.
No Dew what you predicted all along was Adcomm would be a big win for Amarin. NCE is much different than patents, fighting for what's right in court is not admitting weakness.
Don't you have to combine with a new drug for the combo to get NCE five-year, Vascepa combining with Lipitor gives you nothing if Vascepa was NME or NCE, i.e., it doesn't make a difference with combo, it's the second drug they're looking at?
It's not a coincidence, Hiatt is corrupt. Read the Adcomm transcript and follow-up in NEJM
you left out the part of the FDA SPA guidance: "unless public health concerns . . . are evident."
Also, Amarin states publically that the evidence from those studies was known to the FDA prior to SPA.
another Amarin/Hiatt/NEJM type scandal:
You (and your hospital’s staff) may not have heard this news. The US Department of Justice (DOJ) announced last month that CareFusion Corp. would pay the government a $40.1 million settlement to resolve allegations that the company violated the False Claims Act by paying kickbacks to boost sales of ChloraPrep and promoting it for uses that aren’t FDA-approved.
Who received kickbacks? According to the DOJ’s press release, the complaint alleged that "CareFusion paid $11.6 million in kickbacks to Dr. Charles Denham while Denham served as the co-chair of the Safe Practices Committee at the National Quality Forum, a non-profit organization that reviews, endorses, and recommends standardized health care performance measures and practices." Another physician with close ties to CareFusion, Dr. Rabih Darouiche, was the lead investigator on a 2010 NEJM article which concluded (not surprisingly) that Chloraprep was "significantly more protective" than povidone-iodine against surgical site infections.
The Leapfrog Group, launched by the Business Roundtable in 2000, claims that its hospital survey is "the gold standard for comparing hospitals’ performance on the national standards of safety, quality, and efficiency." On January 30, Leapfrog announced that it accepted the resignation of Dr. Denham, who had served as chair of Leapfrog’s Safe Practices Committee since 2006, amid concerns that Dr. Denham had failed to reveal his "potentially compromising relationship with CareFusion." At the same time, Leapfrog said it would undertake "a thorough scientific review of its full slate of endorsed safe practices."
About VASCEPA®
What is VASCEPA?
VASCEPA (icosapent ethyl) capsules are the first FDA approved EPA*-only Omega-3 fatty acid.
VASCEPA is a prescription medicine, used along with a low-fat and low-cholesterol diet, to lower high triglycerides (fats).
VASCEPA is obtained naturally from wild deep-water Pacific Ocean fish.
aren't corneal tests required for topical medications like Restasis, but wouldn't be for systemic Vascepa?
Amarin currently markets Vascepa for high triglycerides, which are those <500, very high is >500
Hiatt also said in my previous post of his transcript that the placebo in Anchor was biologically active
Hiatt did nothing at Adcomm but immediately and persistently attack Vascepa's safety. He even accused Colman of glossing over it. He used phony statistics and had to receive an explanation of how ridiculous it was. The only advocacy was to commend Amarin for Reduce-It. He asked for an explanation of the FDA's agreement SPA with Amarin and how it could be disregarded:
10 DR. HIATT: Thanks very much. I have a
11 question about your safety data from ANCHOR. The
12 designs of both ANCHOR and MARINE were short-term,
13 small number of patients, and therefore the number
14 of safety events is rather sparse.
15 If you look at your slide number 58, the
16 total bleeding events, there's a numeric excess on
17 the 4 grams versus placebo, which by definition,
18 none of these become statistically significant. So
19 I think the idea of even introducing a
20 statistically significant argument doesn't really
21 help us much. But really, I think 95 percent
22 confidence intervals around the difference, the 1 rate difference between the 4 grams and placebo,
2 would be helpful.
3 Can you provide the 95 percent confidence
4 intervals around that difference?
9 DR. HIATT: I think the approach to the
10 conclusion that this is a safe therapy I think
11 needs to be challenged a bit, and the absence of
12 evidence doesn't really support that. So knowing
13 that the differences in event rates, the
14 2.6 percent versus 1.7 percent, and the upper bound
15 of the 95 percent confidence interval is around
16 that difference, would give us some sense today of
17 what the potential upper bound of the excess risk
18 for bleeds might be. And that might better inform
19 us than to compare 2.6 percent to 1.7 percent.
20 If you don't have that now, could you
21 provide that later in the day?3 DR. HIATT: Okay. Then a similar question
4 on slide 61 around the A1c values. So here the
5 nominal p is .089. Once again, on the right,
6 looking at a numeric imbalance, if you will,
7 suggesting that glycemic control could be worsened
8 by 4 grams per day -- again, the magnitude of that
9 excess was supported by an increase in fasting
10 blood sugar concentration. An estimate of that in
11 a larger population would be helpful, too.
9 DR. HIATT: So just to be sure I understand
10 your comment, I'm not talking about the point
11 estimate. I'm talking about the upper boundary of
12 around .2 to .3 percent increase in A1c. Do you
13 think that's clinically significant?
8 DR. HIATT: I'd like to ask the FDA whether
9 you think the ANCHOR safety database is adequate.
10 And the reason I ask that is that the proposed
11 label is to treat a surrogate endpoint, as you say,
12 with the presumption that there's clinical benefit.
13 But the issue on the table today is whether we
14 should approve something as a surrogate endpoint.
15 In my mind, if that's the question, then the
16 safety database has to be really good, and it
17 should rule out things, as were mentioned earlier
18 today, such as worsening glycemic control,
19 transitioning people from prediabetes to diabetes,
20 or causing major or minor bleeds.
21 The background in both the sponsor and your
22 talk don't really say much about it, and I just
1 want to know if you all think that it's adequate
2 for approval for this indication.
13 DR. HIATT: I get that. That's not my
14 question. My question is, at the end of the day,
15 we're going to judge something on risk and benefit.
16 Right? So clearly the drug significantly lowers
17 triglyceride levels, and you focused on efficacy,
18 and that is fine.
19 My question is, from a regulatory
20 perspective, do you think the safety database is
21 adequate? You didn't even present it. And I'm
22 asking you to judge collectively why we're here
1 today, if we're trying to prove something on a
2 surrogate endpoint -- not a clinically relevant
3 endpoint, a surrogate endpoint -- with a really
4 sparse safety database. And we can discuss what's
5 concerning about it later in the day, and I think
6 we probably will.
14 DR. HIATT: There were several questions
15 from this morning that were pending potential
16 sponsor review, such as providing the relative risk
17 and confidence intervals around bleeds in the
18 ANCHOR study. Could we maybe find out if that
19 information is available before we discuss this
20 question?
7 But I want to ask you, again, do you think
8 the safety has been adequately described to approve
9 this label indication?
15 DR. HIATT: That's what I figured. Just to
16 point out, though, it's a short exposure. It's not
17 many patients. There aren't many safety events.
18 And therefore, you're assuming the absence of
19 evidence is evidence of safety. I just am asking
20 that question. I guess I can table it for now, but
21 that's my concern.
16 DR. HIATT: I disagree. I think both are
17 important. But the perspective here is not to get
18 lost in what's up here. We're looking at an event
19 rate of 1.7 percent on placebo, and 2.6 percent on
20 4 grams per day. That's roughly a 50 percent
21 increased risk.
22 DR. HARRELL: I don't know how you say that.
1 DR. HIATT: What?
2 DR. HARRELL: I mean, the confidence
3 interval for that goes from essentially zero to
4 infinity.
22 DR. HIATT: Okay. So consistent with many
1 previous meetings of many advisory committees, the
2 idea of understanding safety when you are looking
3 at an endpoint that is, for example, in this case a
4 surrogate endpoint, and you therefore expose
5 patients to a short interval, 12 weeks, to find out
6 if the lipid parameters got better or not -- and we
7 know that -- is the same approach that you take in
8 understanding a diabetes drug; does that improve
9 glycemic control? A little different in a weight
10 loss because that takes a bit longer.
11 But typically, these are populations that
12 are at risk. We agree with that. These people are
13 at risk for cardiovascular events. So by
14 definition, there's a huge data deficiency here.
15 There's sparse data around the actual risk of a
16 bleeding event, which I'm saying is really
17 uncertain.
18 I'm not -- hold on -- I'm not landing on any
19 particular thing. But the upper bound of seven-
20 fold increased risk is only the high upper bound
21 because there are so few events. So it is a
22 numbers game.
1 But the point of the question is, do we have
2 any confidence that this drug increases bleeding
3 risk or not? And I would posit that you can't say
4 no. You can say, I don't know, and it certainly is
5 a numeric trend for an adverse effect here.
6 I'm just trying to understand what the
7 boundaries around that adverse effect are. And if
8 they're really, really broad, then I just get more
9 concerned. And if they're really, really tight, I
10 at least have some confidence to say to a patient,
11 if you take this drug, your triglycerides will drop
12 significantly and oh, by the way, your bleeding
13 risk might go up by 50 percent. And I guess I
14 can't have that conversation today because of the
15 gross uncertainty around those numbers.
4 DR. HIATT: I completely agree with that.
5 So in other words, can you tell me definitively
6 today that this drug does not cause bleeding?
7 That's my only point.
13 DR. HIATT: It doesn't appear to be an
14 interaction. It's the kind of expected, maybe a
15 little low, use of antiplatelet therapy in a high
16 risk population. But again, the data to support
17 aspirin for primary prevention aren't very good, so
18 I don't see gross imbalances here. And it doesn't
19 suggest that there is a greater proportion of
20 patients taking 4 grams a day that are also taking
21 a platelet inhibitor that might increase their risk
22 of bleeding. And given the size of the study, I
1 wouldn't have expected it to be gross imbalanced.
2 I don't see an interaction here.
3 The only point was an earlier point to
4 Dr. Roberts and the FDA, is that you seem to gloss
5 over the safety of this drug. And I just wasn't
6 sure why. And I don't know if there's a bleeding
7 risk or not.
8 I don't know if there's a risk of worsening
9 diabetes, really, or not, or transitioning people
10 from prediabetes to diabetes. I just don't know.
11 And when you're trying to judge the balance of
12 safety and efficacy, I would say that we don't
13 really have much certainty around the safety of
14 this drug.
15 It wasn't really presented, and I see
16 imbalances that I'm obviously trying to point to
17 simply to illustrate the point, not to say I know.
18 It's just to say I don't know. And the uncertainty
19 makes it difficult, I think, to judge the balance
20 of efficacy and safety. That's the only point I
21 was trying to make.
3 DR. COLMAN: Yes. Maybe there was a little
4 confusion. But we have been looking at various
5 Omega-3 formulations for the past decade in our
6 division, and after review of the original NDA for
7 Vascepa and then looking at this supplement, we did
8 not see any obvious, glaring safety issues that
9 hadn't been touched upon before.
10 We saw what the company was going to present
11 in terms of potential safety issues. And it's not
12 unusual for us to say, if we agree with the company
13 on one issue, that we're just going to acknowledge
14 that we agree with them, which Dr. Roberts did, and
15 let the company give their side of the story.
16 So I don't think we glossed over it. We
17 didn't see anything that was certainly a
18 significant -- that appeared to be a significant
19 problem. And we in general agreed with the
20 company's assessment of the safety profile from
21 these two studies.
22 DR. HIATT: I just don't know why you say
1 that when the exposure is so low. How many
2 patient-years of exposure is there? Would you say
3 the same thing if this was a new nonsteroidal to
4 treat arthritis pain? I mean --
22 DR. HIATT: I appreciate that. I'm still
1 just wrestling a little bit with -- the only reason
2 I could think of to lower triglycerides or raise
3 HDL or change LDL composition, Apo B levels,
4 particle size -- the only reason to want to do that
5 is to prevent cardiovascular events. I can't think
6 of any other reason to do that.
12 I think that that trial will perhaps inform
13 whether that's a biologically accurate placebo or
14 inert placebo. Even if you subtract that out, the
15 changes from baseline are pretty dramatic on
16 triglyceride as the primary, so I don't think the
17 drug is inert. It's biologically active. It's
18 changing the primary endpoint significantly.
JL, is there anything written by the FDA saying lowering triglycerides by Lovaza is good, that can be used against the FDA?
Nuts, you replied: You know what they say, "you can lead a horse to water but you can't make him drink it".
would you please explain 3.2's importance, this meeting is coming up in a few days, i still don't get it
each level of appeal within the FDA takes 30-60 days depending on a meeting being granted. Late spring early summer is the predicted time for an answer from the second Office level. The total appeal process is 300 days. The appeal can be extended to HHS and then a federal court if necessary.
A CRL, if given, would not be expected until the second Office level concludes and Amarin would immediately file with the federal court for first amendment permission to market the Anchor indication.
none of what you just said and keep repeating is true, please paste your information or provide a link that actually goes to it.
I have pasted the document we are talking about, the one you originally responded to. The document is new, filed 1/31/14, and was caused by an action on 1/21/14, i.e., the new purchase of AMRN resulting in a >5% ownership position and is the required warning to other investors and suitors.
This information is not included in your calculations based on information >4 months' prior.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amarin Corporation plc
--------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares, 50 pence par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
023111206
--------------------------------------------------------------------------------
(CUSIP Number)
Camber Capital Management LLC, 101 Huntington Avenue, Boston, MA 02199,
617-717-6600
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 21, 2014
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
--------------------------------------------------------------------------------
CUSIP No. 023111206 13G Page 2 of 7 Pages
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
Camber Capital Management LLC
I.R.S. Identification Nos. of above persons (entities only)
42-1693587
--------------------------------------------------------------------------------
2. Check the Appropriate Box If a Member of a Group
(See Instructions)
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Camber Capital Management LLC -- Massachusetts
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0 shares
-------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER OF
SHARES 10,300,000 shares
BENEFICIALLY -------------------------------------------------------------
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0 shares
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
10,300,000 shares
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
Camber Capital Management LLC -- 10,300,000 shares
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
Camber Capital Management LLC -- 5.97%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
Camber Capital Management LLC -- 00 (Limited Liability Company)
--------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------
CUSIP No. 13G Page 3 of 7 Pages
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
Stephen DuBois
I.R.S. Identification Nos. of above persons (entities only)
N/A
--------------------------------------------------------------------------------
2. Check the Appropriate Box If a Member of a Group
(See Instructions)
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Stephen DuBois -- United States
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
0 shares
-------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER OF
SHARES 10,300,000 shares
BENEFICIALLY -------------------------------------------------------------
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0 shares
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
10,300,000 shares
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
Stephen DuBois -- 10,300,000 shares
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
Stephen DuBois -- 5.97%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
Stephen DuBois -- IN
--------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------
CUSIP No. 023111206 13G Page 4 of 7 Pages
Item 1.
(a) Name of Issuer:
Amarin Corporation plc
(b) Address of Issuer's Principal Executive Offices:
2 Pembroke House
Upper Pembroke Street 28-32
Dublin, 2 Ireland
Item 2.
(a) Name of Person Filing:
Camber Capital Management LLC
Stephen DuBois
(b) Address of the Principal Office or, if none, residence:
Camber Capital Management LLC
Stephen DuBois
101 Huntington Avenue
Suite 2550
Boston, MA 02199
(c) Citizenship:
Camber Capital Management -- Massachusetts
Stephen DuBois -- United States
(d) Title of Class of Securities:
Ordinary shares, 50 pence par value
(e) CUSIP Number:
023111206
Item 3. If this statement is filed pursuant to SS.240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) |_| Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) |_| Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C 80a-8).
(e) | | An investment adviser in accordance with S.240.13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
S.240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
S. 240.13d-1(b)(1)(ii)(G);
(h) |_| A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3);
(j) |_| Group, in accordance with S.240.13d-1(b)(1)(ii)(J).
<PAGE>
--------------------------------------------------------------------------------
CUSIP No. 023111206 13G Page 5 of 7 Pages
Item 4. Ownership
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Camber Capital Management LLC -- 10,300,000 shares
Stephen DuBois -- 10,300,000 shares
(b) Percent of class: Camber Capital Management LLC -- 5.97%
Stephen DuBois -- 5.97%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
Camber Capital Management LLC -- 0 shares
Stephen DuBois -- 0 shares
(ii) Shared power to vote or to direct the vote
Camber Capital Management LLC -- 10,300,000 shares
Stephen DuBois -- 10,300,000 shares
(iii) Sole power to dispose or to direct the disposition
of
Camber Capital Management LLC -- 0 shares
Stephen DuBois -- 0 shares
(iiii) Shared power to dispose or to direct the disposition of
Camber Capital Management LLC -- 10,300,000 shares
Stephen DuBois -- 10,300,000 shares
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following | |.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control Person.
Item 8. Identification and Classification of Members of the Group
Item 9. Notice of Dissolution of Group
<PAGE>
--------------------------------------------------------------------------------
CUSIP No. 023111206 13G Page 6 of 7 Pages
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
CAMBER CAPITAL MANAGEMENT LLC
By: /s/ Sean George
Sean George
Chief Financial Officer
STEPHEN DUBOIS
By: /s/ Stephen DuBois
Stephen DuBois, individually
<PAGE>
--------------------------------------------------------------------------------
CUSIP No. 023111206 13G Page 7 of 7 Pages
JOINT FILING AGREEMENT
This Joint Filing Agreement dated January 31, 2014 by and between Camber Capital
Management LLC, a Massachusetts limited liability company, and Stephen Dubois,
an individual (the foregoing are collectively referred to herein as the
"Filers"). Each of the Filers may be required to file with the United States
Securities Exchange Commission a statement on Schedule 13G with respect to
ordinary shares 50 pence par value of Amarin Corporation plc beneficially owned
by them from time to time. Pursuant to and in accordance with Rule 13(d)(1)(k)
promulgated under the Securities Exchange Act of 1934, as amended, the Filers
hereby agree to file a single statement on Schedule 13G and/or 13D (and any
amendments thereto) on behalf of each of such parties, and hereby further agree
to file this Joint Filing Agreement as an exhibit to such statement, as required
by such rule. This Joint Filing Agreement may be terminated by any of the Filers
upon one week's prior written notice or such lesser period of notice as the
Filers may mutually agree.
Executed and delivered as of the date first above written.
CAMBER CAPITAL MANAGEMENT LLC
By: /s/ Sean George
Sean George
Chief Financial Officer
STEPHEN DUBOIS
By: /s/ Stephen DuBois
Stephen DuBois, individually
</TEXT>
</DOCUMENT>
yes, the only thing FDA Anchor approval does is changing label which allows patient information and advertising to change, so who needs FDA?
this is the first time anyone has found this information in a major publication, if you can find earlier let me know, and my source says they're new
Both, these are the new ads being put out by Amarin, it's Anchor, if FDA can not object, same thing
Vascepa approved for Anchor!:
What are the Benefits of VASCEPA?
VASCEPA has been clinically proven to reduce high triglycerides without raising LDL (bad) cholesterol.4
VASCEPA can safely be used with statins.
VASCEPA has also been shown to reduce high amounts of other fatty substances in the blood.4,5 Your doctor can provide you with more information about these fats.
What is VASCEPA?
VASCEPA is a prescription medicine used along with a low-fat and low-cholesterol diet to lower high levels of triglycerides (fats) in adults.
within last 10 days Camber Capital Management purchased shares of AMRN, enough to exceed a >5% ownership position and was thus required to provide a public warning to other investors. The information you are supplying is >4 months' old and does not include Camber's new positions.
yes, so do I, but my request is for you to either copy and paste or provide a link to the information you are claiming, I cannot find it.
raf, think you're correct, filed under 13d-1(c) which to me reads obtained >5% within last 10 days
would you post your source, the last i could find shows 0 previous holding
But that's talking about REMS, risk, Vascepa doesn't have any risk
And if you read the FDA's Guidance for Industry SPA section VI.B, the part you're talking about an erroneous scientific assumption, this is only allowed to breach a SPA if public health concerns are involved, there are no public health concerns with Viscera, it's harmless.
That is true, the FDA originally rejected Amarin's appeal on procedural grounds, now the FDA concedes it was appealed properly, separately.
if you notice, the FDA says you have to include risks but then cannot list a single risk. the FDA says you should try diet and exercise first, and if you're allergic don't take it, those aren't risks. maybe arthralgia?
I have an account at Schwab, how do you get reports like those regarding AMRN?
not true, you can have a partial reversal. the SPA is a legal agreement, if any part of it is unenforceable it can be rescinded, and certainly a compromise can allow a partial enforcement
More Obamacare, don't treat high blood pressure or triglycerides:
Hypertension Guidelines Can Be Eased, Panel Says
By GINA KOLATA
Published: December 18, 2013 203 Comments
New guidelines suggest that people over 60 can have a higher blood pressure than previously recommended before starting treatment to lower it. The advice, criticized by some physicians, changes treatment goals that have been in place for more than 30 years.