Amarin Corp Plc (AMRN)

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Dusty...This PR from Amarin may shed some lite on the near term future for The near term trejectury for Amarin stock price..

"On January 9, 2024, Amarin entered into a conditional share REPURCHASE agreement with Cantor Fitzgerald & Co. (“Cantor”) to purchase up to $50 million of Amarin’s ordinary shares held in the form of American depository shares (ADSs). The implementation of the share repurchase program will require Amarin shareholder approval as well as UK High Court approval, as required under UK company law. The Company intends to call its 2024 annual general meeting of shareholders early in the second quarter of 2024 to seek shareholder approval of the program, which would be followed by the UK High court process. Amarin anticipates that these steps could be completed by the end of the second quarter of 2024, with share repurchases commencing shortly thereafter."

Assuming that Cantor does not already own these Amarin shares, Cantor will need to buy them in order to sell them to Amarin, as per their repurchase agreement...This should keep the price up, at least until the repurchase agreement is fulfilled...

By that time, catalysts from the US, Europe and ROW, including China, should have begun to check in.