Amarin Corp Plc (AMRN)

[Mogwai]

I think you, and others, are wrong when they keep saying that a BP would only make an offer if all uncertainty is gone, and REDUCE-IT is already shown to be a success.

BP's make gambles ALL THE TIME. They will buy companies before Phase III has even begun. They buy companies purely on potential ALL THE TIME. Gilead bought Pharmasset for $11b based on PHASE II. As discussed yesterday, BMY bought Inhibitex for $2.5b; and the drug eventually completely flopped in trials. I am sure I could find MANY MANY more examples with just a little research. If there is true, significant potential, a BP will go for it before the potential is realized because that way they can get it cheaper and without competition. So people just really need to stop with this idea that no one will make an offer until all uncertainty is removed. It is a ridiculous belief that has been shown to be wrong countless times in biotech M&A.