Friday, September 04, 2020 1:31:16 PM
1. R&D - none
2. Pipeline - none
3. Product - 1
4. Manufacturing - none
5. API supply - bought
6. Clinical (trials) - yes
7. Approval - FDA & likely EMA and others
8. IP - yes
9. Sales & Marketing - yes in US (but new)
10. Management - yes
IMO the company has some very valuable pieces of assets, but doesn't have the profile for GIA. 1 & 2 are present for all successful GIA companies. 5 is probably the riskiest part of the whole business - the supply is openly available for anyone to buy. For 6, you need $$$ to do more trials and add more indications. For 9, in the competitive CVD market, one would need the scale ($$, experience and existing infrastructure) to compete and exceed. If it's a nascent market, it doesn't matter as much.
I have always thought if Amarin is serious about GIA, it would have built 1-5 and hence a stronger 8 which will give the company more strength to stand on its own and thrive. But it didn't. It's just betting on one single product. It's a very risky game because in the knee-jerking situation like this, it can be devastating.
I've never believed Amarin is serious about GIA until JT announced GIA in EU this year. GIA is an absolutely wrong strategy. It's devastating and outrageous for me to see how things unfolded this year, and shareholders have lost SO MUCH money, whereas we could have been sold for at least $10-15B a year ago. Also if it's in a BP's hand, EU & ROW wouldn't be worth just $4.
Amarin needs to sell itself! Its $600M cash is not enough to support trials and S&M in EU but it will buy them some time to find a buyer and negotiate a reasonable deal. I am not suggesting a fire sale. But I do hope more shareholders and investors will stop cheerleading the company on the GIA path, instead urge the company to engage in finding a buyer soon. Remember Amarin only owns Vascepa (a branded EPA). It doesn't own EPA. It's a HUGE difference! GIA doesn't do justice to both shareholders and patients globally.
Recent AMRN News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 11:30:10 AM
- Amarin Board of Directors Announces CEO Transition • GlobeNewswire Inc. • 06/04/2024 11:30:00 AM
- Amarin Receives National Reimbursement for VAZKEPA® (icosapent ethyl) in Greece and Announces Exclusive Marketing and Commercialization Agreement with Vianex S.A. • GlobeNewswire Inc. • 05/28/2024 12:15:23 PM
- Amarin to Present at H.C. Wainwright 2nd Annual BioConnect Investor Conference • GlobeNewswire Inc. • 05/06/2024 12:00:00 PM
- Amarin Reports First Quarter 2024 Business Update and Financial Results • GlobeNewswire Inc. • 05/01/2024 11:00:00 AM
- Amarin Applauds HealthyWomen’s Citizen’s Petition Urging FDA To Take Further Action On Fenofibrate Prescribing in Patients at Risk of Cardiovascular Event • GlobeNewswire Inc. • 04/24/2024 06:00:01 PM
- Amarin Announces Results of Annual General Meeting of Shareholders • GlobeNewswire Inc. • 04/22/2024 12:00:25 PM
- Amarin to Report First Quarter 2024 Financial Results and Host Conference Call on May 1, 2024 • GlobeNewswire Inc. • 04/15/2024 12:00:00 PM
- Amarin Highlights Key Data Providing Mechanistic Insights into Eicosapentaenoic Acid (EPA) at ACC.24 • GlobeNewswire Inc. • 04/08/2024 12:00:00 PM
- New REDUCE-IT® Analyses Show VASCEPA® (Icosapent Ethyl) Benefit in High-Risk Cardiovascular Disease Patient Subgroups • PR Newswire (Canada) • 04/08/2024 10:30:00 AM
- New REDUCE-IT® Analyses Show VASCEPA®/VAZKEPA® (Icosapent Ethyl) Benefit in High-Risk Cardiovascular Disease Patient Subgroups • GlobeNewswire Inc. • 04/06/2024 07:30:00 PM
- Amarin Provides Update on VAZKEPA® (Icosapent Ethyl) Intellectual Property Portfolio in Europe • GlobeNewswire Inc. • 04/03/2024 12:00:00 PM
- Research Evaluating Benefits of VASCEPA®/VAZKEPA® (icosapent ethyl) to be Presented at the American College of Cardiology’s (ACC) Annual Scientific Session & Expo • GlobeNewswire Inc. • 03/25/2024 12:00:00 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 03/04/2024 10:30:53 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 03/04/2024 01:00:24 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 12:06:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 12:05:56 PM
- Amarin Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Business Update • GlobeNewswire Inc. • 02/29/2024 12:00:00 PM
- Amarin to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference on February 29, 2024 • GlobeNewswire Inc. • 02/15/2024 01:00:00 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 02/12/2024 01:00:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:31:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:30:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:30:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/02/2024 09:30:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/02/2024 09:30:22 PM
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