Amarin Corp Plc (AMRN)

[yellow_bluff]

Also, don't forget that in q2 the company fully expensed the purchase of $3mm of API from suppliers who were not yet approved via sNDA at that point. The API was fully expensed instead of treated as purchase of inventory due to accounting rules. But it is still inventory.

Thus, that is $3mm of inventory which has no cost associated w it. The positive is that this will help cogs in the quarter, perhaps significantly. It also will drive a cash burn reversal from the previous quarter. Also, it gives the co another quarter to exert buyer power over the multiple supplier situation that is emerging. The negative is that the street won't give the co full credit for better gross margins until this zero cost inventory has been fully pushed out through the revenue line.