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DewDiligence

07/11/13 5:18 PM

#163856 RE: read_this_n0w #163851

AMRN—You asked the same question five months ago in #msg-84852031, and I replied that AMRN (then) was fairly valued to slightly overvalued at an enterprise value of $1.2B.

Now, the EV is 25% lower (~$900M), but AMRN’s prospects have deteriorated to some degree because the Vascepa launch is slower than expected and no partnership deal has been inked.

All told, I would say that AMRN is still somewhere between fairly valued to slightly overvalued.