Amarin Corp Plc (AMRN)

[sharinky]

There should be a nice Milestone payment from HLS to Amarin associated with Canadian approval. If approval does occur in December as we anticipate, they could throw Amarin into positive territory for the 4th Quarter. I don't think the amount has been disclosed but it should be a good one.

" Terms of the agreement include up-front and milestone payments to Amarin of up to US$65.0 million. These payments include a non-refundable upfront payment of US$5.0 million, as well as development, regulatory and sale-based milestones totaling up to an additional US$60.0 million. The agreement also provides for HLS to pay Amarin tiered double digit royalties on net sales of Vascepa in Canada. Amarin is obligated to supply finished product to HLS under negotiated supply terms. The agreement for supply and commercialization is for Canada only and includes all Canadian provinces."