Welcome to our dedicated page for Amarin news (Ticker: AMRN), a resource for investors and traders seeking the latest updates and insights on Amarin stock.
Amarin Corporation is a biopharmaceutical company specializing in cardiovascular therapeutics through its prescription product VASCEPA (icosapent ethyl). News coverage for Amarin typically centers on clinical data presentations, regulatory developments, financial performance, and commercialization partnerships. The company's news flow often includes updates from the REDUCE-IT cardiovascular outcomes study, presentations at major medical conferences, and developments in market access and reimbursement.
For investors and healthcare professionals tracking Amarin, key news categories include quarterly earnings reports revealing prescription trends and revenue performance, regulatory actions from the FDA affecting VASCEPA's approved indications, clinical research presentations demonstrating cardiovascular benefits of purified EPA therapy, partnership announcements for international markets, and market access developments related to insurance coverage and formulary placement. The company's news also frequently addresses competitive dynamics within the lipid management and cardiovascular risk reduction market.
Amarin's news is particularly relevant for those interested in specialty pharmaceuticals, cardiovascular medicine, and the evolving evidence base for omega-3 therapies in heart disease prevention. The company's focused product portfolio means that news developments directly impact the core business, making each announcement potentially significant for understanding VASCEPA's commercial trajectory. This news page provides comprehensive coverage of material events, financial disclosures, and clinical developments affecting Amarin's business and market position.
Amarin (AMRN) reported Q3 2024 financial results with total net revenue of $42.3 million, down 36% from $66.1 million in Q3 2023. The company maintains a strong cash position of $306 million. European VAZKEPA sales grew 19% sequentially, driven by Spain and UK markets. U.S. net product revenue was $30.6 million, while European and RoW revenues were $4.3 million and $6.9 million respectively. The company reported a net loss of $25.1 million or $0.06 per share. Operating expenses decreased 18% to $41.4 million due to cost optimization efforts.
Amarin plc (NASDAQ:AMRN) has announced two upcoming investor events. The first event is the Third Quarter 2024 Financial Results report on October 30, 2024, followed by a conference call with senior management at 5:00 pm ET. Investors can access the live call through the company's website or by dialing in.
The second event is a Virtual Analyst & Investor Day on November 14, 2024, from 8:00 AM to 10:00 AM EST. This event will focus on updating the investment community about the VASCEPA/VAZKEPA franchise, with emphasis on key geographies representing the franchise's future value, including Europe. The event will include a Q&A session with questions submitted in advance. Both events will be webcast and archived for future reference.
Amarin (NASDAQ: AMRN) announced the presentation of new research on VASCEPA (icosapent ethyl) at the 60th Annual European Association for the Study of Diabetes (EASD) Meeting, September 9-13, 2024, in Madrid, Spain. The research highlights VASCEPA's impact in patients with diabetes and high cardiovascular risk, and the anti-Lp(a) oxidation effects of EPA. Two abstracts will be presented: a post-hoc analysis from the REDUCE-IT trial on patients with cardiovascular disease and diabetes who had coronary artery bypass grafting (CABG), and an in-vitro analysis of EPA's effects on lipoprotein(a) oxidation under hyperglycemic conditions. These findings aim to better understand therapies for reducing cardiovascular risk in vulnerable patients. Presentations are scheduled for September 10 and 11, 2024.
Amarin plc (NASDAQ:AMRN) announced new data presentations at the European Society of Cardiology (ESC) Congress from August 30 to September 2, 2024. The presentations focus on VASCEPA®/VAZKEPA® (icosapent ethyl) and its active ingredient, eicosapentaenoic acid (EPA). Key presentations include:
1. A REDUCE-IT® subgroup analysis on the effect of icosapent ethyl on cardiovascular events based on baseline small dense LDL cholesterol levels.
2. An examination of triglycerides' association with cardiovascular events in acute coronary syndrome patients.
3. An estimate of Spanish hospital patients eligible for icosapent ethyl treatment.
4. A study on EPA's effects on Lp(a) oxidation under high glucose conditions.
These presentations aim to enhance understanding of VASCEPA/VAZKEPA's clinical utility and mechanism of action in reducing residual cardiovascular risk.
Amarin plc (NASDAQ:AMRN) reported Q2 2024 financial results and provided a business update. Key highlights include:
- Total net revenue of $67.5 million, down 16% year-over-year
- Cash position of $307 million
- Net income of $1.5 million, or $0.00 per share
- Non-GAAP adjusted net income of $5.9 million, or $0.01 per share
- Completed CEO transition with Aaron Berg appointed as President and CEO
- Received regulatory approval for VASCEPA in China for cardiovascular risk reduction
- Secured national reimbursement for VAZKEPA in Portugal and Greece
- Delivered $50 million in annual savings from 2023 restructuring
The company faces challenges from generic competition in the U.S. but continues to focus on operational execution and expanding VASCEPA/VAZKEPA globally.
Amarin plc (NASDAQ:AMRN) has announced that the Portuguese Ministry of Health has approved VAZKEPA® (icosapent ethyl) for national reimbursement. This approval is aimed at reducing cardiovascular event risks in adult statin-treated patients with high cardiovascular risk, elevated triglycerides, and established cardiovascular disease or diabetes with at least one other cardiovascular risk factor.
The reimbursement, effective August 1, 2024, marks the eighth national reimbursement of VAZKEPA® in Europe, where Amarin has intellectual property protection until 2039. This approval addresses a significant need in Portugal, where cardiovascular disease accounts for 29% of total mortality. Amarin's CEO, Aaron Berg, emphasized the importance of this new treatment option for Portuguese patients and physicians.
Amarin plc (NASDAQ:AMRN) has announced it will host a conference call on July 31, 2024, at 8:00 a.m. ET to discuss its second quarter 2024 financial results. The call will feature Aaron Berg, President & CEO, and other senior management team members. The financial results will be released pre-market on the same day.
To enhance shareholder engagement, Amarin is partnering with Say Technologies, allowing shareholders to submit and upvote questions from July 17th at 8:00 am ET until 24 hours before the call. Selected questions will be answered during the earnings call. Shareholders can submit questions at https://app.saytechnologies.com/amarin-2024-q2.
The conference call can be accessed through Amarin's website or by dialing in. A replay will be available after the call.
Amarin 's (NASDAQ:AMRN) partner, EddingPharm, has received regulatory approval for VASCEPA® (icosapent ethyl) from China's National Medical Products Administration (NMPA) for cardiovascular risk reduction. VASCEPA will now be used alongside statin therapy to reduce cardiovascular events in adults with elevated triglycerides (≥150 mg/dL) and other high-risk factors. EddingPharm is preparing for the National Reimbursement Drug Listing (NRDL) to enhance commercial launch across Mainland China. This approval is significant given China's high cardiovascular disease (CVD) burden, with 330 million patients and CVD accounting for up to 47% of deaths. VASCEPA's inclusion in the NRDL could ensure widespread access and reimbursement. Additionally, Amarin will receive a $15 million milestone payment and tiered double-digit royalties on net sales in China. However, EddingPharm must conduct a post-approval study to further validate VASCEPA's efficacy.
Amarin (NASDAQ:AMRN) has appointed Aaron Berg as the new President and CEO, effective immediately. Berg, previously Executive Vice President and President of the U.S. Business at Amarin, succeeds Patrick Holt, who is stepping down to pursue other opportunities. Berg brings over 30 years of biopharmaceutical industry experience, including significant roles at Kos Pharmaceuticals and Essentialis. His immediate focus will be on delivering value to investors and maximizing the potential of VASCEPA®/VAZKEPA for patients. This leadership change is expected to drive strategic initiatives and business growth for Amarin.
Amarin (NASDAQ:AMRN) has announced that the Greek Ministry of Health has approved VAZKEPA® (icosapent ethyl) for national reimbursement. This decision allows high-risk cardiovascular patients treated with statins and having elevated triglycerides to access the drug. VAZKEPA® has now achieved national reimbursement in seven European countries.
To commercialize VAZKEPA® in Greece, Amarin has partnered with Vianex S.A., a leading pharmaceutical company in Greece. Vianex will be the exclusive distributor, handling the import, registration, distribution, and commercialization of the product. Amarin will supply the finished product to Vianex at a transfer price. The distribution will commence in the coming weeks.
Amarin's President & CEO, Patrick Holt, highlighted that this approval underscores the strength of their scientific data and the value VAZKEPA® offers to patients at risk of cardiovascular events. Christos Papadopoulos, Amarin’s Senior VP and Head of Commercial Europe, emphasized Vianex's strong commercial capabilities and expertise in cardiology, which align well with successfully bringing VAZKEPA® to Greek patients.
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