Amarin Corp Plc (AMRN)

[ziploc_1]

bid...I think "up to" really means 'up yours'

In the HLS agreement..."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, which Amarin received when the agreement was reached, 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. "

I am speculating that this latest agreement includes an up front agreement of only about $1million and that's why Amarin isn't telling us....since it represents only a fraction of what they spent on the proxy fight.