You’re mixing two different timeframes—fundamental valuation vs. catalyst-driven repricing. A buyout scenario ($1.5B, $3B, etc.) is a negotiated outcome based on revenue, growth trajectory, and strategic value. But what’s in front of us right now is a binary legal catalyst. If the Supreme Court of the United States acts—whether that’s a grant, deny with implications, or direction that favors Amarin Corporation—the market doesn’t wait for spreadsheets to update.
It reprices immediately based on removal of uncertainty.
If that overhang lifts, you’re not talking about slow, linear movement—you’re talking about a rapid sentiment shift, short covering, and capital rotating back in. That’s exactly the type of setup where multiples price moves can happen quickly, before any longer-term valuation (like a buyout) is even debated.
So yes, a $300 BO is a separate discussion—but near-term, a Supreme Court-driven inflection could trigger a sharp and immediate re-rating well ahead of any M&A outcome.