Replies to post #368825 on Amarin Corp Plc (AMRN)

[ramfan60]

Excellent news.....

[Whalatane]

Gr8. thx for posting
Kiwi

[lizzy241]

thonn, thanks excellent news. I wonder if the word is getting out about the Amarin v HealthNet infringement case is moving forward?

[rafunrafun]

I tweeted it.

🚨Here is a letter from CVS Caremark (The Empire Plan) stating that for this patient, Generic Vascepa (gV) will be replaced with the brand name Vascepa (V).

From bad to good.

Shout-out to $AMRN @Amarincorp, if this was you doing 👏

We don't yet know if gV = V@DLBHATTMD pic.twitter.com/rVXWOPqNCn

— Raf (@ra_fun) February 4, 2022

[studythosestocks]

Note “The Empire Plan Advanced Flexible Formulary rules allow for the plan to exclude a generic medication that is more expensive than its brand equivalent."

Sounds like AMRN decided to undercut the generic price going forward at least with this plan offered by CVS Caremark to force the substitution.

Will be interesting to see if this will be a pattern moving forward with other major pharmacies.

This way we aren't forced to market our own gV at this time (which for one can have negative impact with all our work going on in Europe right now) and still get the name "Vascepa" out there publicly to try and gain more name recognition over time and separate us from the generics.

Smart move by management IMO.

On the down side, it looks like we will be losing some of the revenue we would have received by selling Vascepa at the standard price.

I'd rather make a little less and have sold the bottle of Vascepa than have Hikma, Dr. Reddy, Apotex steal the script and make $O. Gross margin may go down but hopefully the bottom line will benefit as a numbers play. Time will tell.

[wodehouse]

IS GOOD NEWS, CVS SEEMS TO BE THE BIGGEST PHARMACY, AT LEAST IN THE EAST, WHERE I LIVE.

[rosemountbomber]

So I am having a bit of a hard time to understand. Is this for one specific plan or all prescriptions filled at CVS to be brand only?

In other words if Walgreens tries again this next refill to give me gV can I just take my script to CVS to get brand V?

[Vegas8ball]

Anecdotal: CVS has provided me with V for 2 years. When gV hit the market, I had to “fight” every month to keep them from switching me to gV. For the past 2 months (since the start of 2022), V has been dispensed automatically.