Amarin Corp Plc (AMRN)

[KCSVEN]

No sure that's completely accurate.
AMRN was 17.34 on October 10, right around same price now
IBB was 111.22 now at 104.74 or a 6% plus drop

In addition Amarin has suffered about a 20% dilution of shares overall since last September so stock is actually up 20% in market cap since

295 million shares in 10-Q for September 30 and 357 million shares now.

That's a huge amount of dilution, yes for some they got cash but also a good amount were just sold by management.

So you have the sector out of favor, ton of dilution,and a pretty good market cap for sales of $400 million in a year and no expanded label yet.

Amarin will be revving up sales, they should do $700 million next year no problem, I hope they can do 1 billion, that hopefully follows with 2-3 and then up to 5 billion in a few years. That seems like a very likely scenario. If that happens all shareholders will make money, so it is a low risk stock but market needs to see where revenue is going and how fast after approval. Remember the stock did jump big initially on better than expected revenue, THAT will be the main driver going forward.