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Amarin Corp PLC

Amarin Corp PLC (AMRN)

0.5284
0.0048
(0.92%)
Cerrado 05 Enero 3:00PM
0.5379
0.0095
(1.80%)
Fuera de horario: 6:02PM

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AMRN Discussion

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Number sleven Number sleven 7 horas hace
MrFred, Interesting observation. My first thought is obviously. If your company controls the BOD how are you not an insider.
Sleven,
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MrFred MrFred 7 horas hace
An insider of a company, as defined by the Securities and Exchange Commission (SEC), is an officer, director, or 10% shareholder of a company that has inside information into the company because of their relationship to the company or with an officer, director, or principal shareholder of the company. Me thinks that if the BOD are sitting as directors because you nominated them and a number of them are officers of your company, you are by definition an insider.
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JRoon71 JRoon71 7 horas hace
LB, my "agenda" is to maximize my return. I have a lot of shares riding on this. I don't short stocks (ever), and have no interest in this board, other than gathering as much info and data on AMRN as possible (especially since it is so thinly covered by analysts). 

I spend way more time here than I would like, but I never imagined 4 years ago that we would be here today (the SP), so here I am.

Side note, I was one of the biggest LB fans back in the 80's. I grew up outside of Boston, and spent many a night watching the Big 4 spank the Lakers and Sixers. Not many teams compare to the 80's Celtics. 
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JRoon71 JRoon71 8 horas hace
1. Denner is not an insider yet. He has not reached that threshold, and is not on the board. Thus he is not prohibited from shorting the stock.
2. Sarissa stated in their proxy filing with the SEC that they could employ shorting as a strategy with Amarin. It is stated in black and white.
3. I believe they (or their proxy, such as Morgan Stanley) have been shorting in order to use it as a springboard for the stock price when the time is right. Why else would there be 18M shares short almost this entire year? On 4/15/24 there were 18,190K shares short. On 12/13/24 there were 18,190K shares short. The short interest has oscillated around that number all year. Who would logically still have that exact many shares short when the stock is at 40 cents? I don't think there is malicious intent. In fact, the exact opposite - I think it is a strategic move by them. 
4. Back to Morgan Stanley - follow their pattern of AMRN holdings over the past 12 quarters, in relationship to Sarissa's AMRN holdings. It's eye-opening. 

Finally, does everyone think that driving the stock price down to 40 cents just occurred organically? I mean do people REALLY believe that? 

I'm not saying I am 100% correct. I may certainly be wrong. But for the love of god, open your eyes. Sarissa got involved in this stock when it had climbed back to nearly $9 in early 2021. No, they hadn't made a purchase yet. But they were certainly analyzing it at that point.
Do you know that a current Amarin board member was HEAVILY trading AMRN options beginning in January of 2021, WELL before Sarissa ever made a single purchase?

You all can continue to see what you want to see, but there's a whole shit-ton of activity going on behind the scenes that we are not privy to. 


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Nukemtiltheyglow Nukemtiltheyglow 9 horas hace
Hi LBL; I muted numbnutz a long time ago. 
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ziploc_1 ziploc_1 10 horas hace
For significant increases in stock price, Amarin needs significant increases in earnings from the U.S...

Patented Lr Et EPA could be a way to produce those earnings.

With the previous success of the Reduce-It study, i.e.as to the safety and efficacy of the EPA drug, Vascepa, the FDA might now require only a short patient study of this new EPA drug of Amarin's...Lr Et EPA
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Chromosome Chromosome 10 horas hace
Speaking of France does anyone have any information on timing in 2025 other than “sometime in 2025” for reimbursement. I have not been able to find anything in their filings. TIA.
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Mr Stockboy Mr Stockboy 11 horas hace
Sarissa isn't shorting unless Denner enjoys fines and jail time. Denner's an insider with his own BOD so his hands are tied like a CEO. And it's why I like Sarissa here. Denner bought to win, and he will win in 2025, and so will the rest of us who buy and hold. Big wins! Really big wins! I'd much prefer one of you write about all the countries we're now approved in... Other than France (maybe Germany) AMRN is up for sale.
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lizzy241 lizzy241 11 horas hace
North, It's strange that management has not announced their presence at the JPM health care conf. Maybe they are saving their shackles for other necessary expenses.
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lizzy241 lizzy241 11 horas hace
LBL, It's Good to hear from you. I totally agree with you. Please see the link below re the new rules for HF short sales. There's no way Sarissa would mess around with the stock price. They have too much on their plate, and that's not even doable with the $.50 cent stock. It would be a violation and lack of prudence on the part of the entire management team from Denner down to the last elected BOD. You know what they say about assumptions. Take care.

https://foleyhoag.com/news-and-insights/publications/alerts-and-updates/2024/october/sec-short-sale-disclosure-rules-upcoming-compliance-date/
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Whalatane Whalatane 12 horas hace
Retiredceo. re the stress test in women. Wife asked about your wife's results . Was relieved but not surprised ...cited
Previous research has suggested that up to 30% of women undergoing ECG stress testing may have false positive ECG tests (F+), many times higher than in men.
Various reasons this occurs .
Kiwi
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rosemountbomber rosemountbomber 12 horas hace
So for someone to "sell short" would they have to "sell shares"?

In this letter Sarissa says this:

We remain long-term shareholders and have been purchasing shares at these depressed prices, as will be detailed in tomorrow’s 13D filing. We have never sold any shares of Amarin and have only increased our position since we made the investment.

https://www.businesswire.com/news/home/20231204232430/en/Sarissa-Capital-Believes-Amarin-Stock-Is-Meaningfully-Undervalued-and-Has-Increased-Its-Ownership
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hayward hayward 14 horas hace
nolean 09

In all his accounts I believe he has 3 or 4 I could be wrong but I remember his cost was lower than 3.45 IMO I should say it was posted that his average PPS was lower and in his filing not sure what form is were he stated he using the short/long strategy I will try to find it

Michael
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CaptBeer CaptBeer 15 horas hace
More on the TRANSFORM Trial (using AI and CCTA)

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Whalatane Whalatane 15 horas hace
Wow , fantastic . Thx for the response
Kiwi
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noelan_s09 noelan_s09 16 horas hace
Denner's cost average is ~$3.45.

Noel
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hayward hayward 16 horas hace
Larrybirdlegend

Unfortunately its true he is using it as a hedge it was posted here in a filing a while back that he uses a short/long strategy. That is how he brought his average cost down from $4 to around $2

Michael
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CaptBeer CaptBeer 16 horas hace
I asked Dr. Bhatt if IPE was going to be used in the upcoming TRANSFORM Trial:

https://cardiovascularbusiness.com/topics/artificial-intelligence/new-cardiac-prevention-paradigm-explored-transform-trial-using-ai-and-ccta

His answer: “Yes, icosapent ethyl (IPE) will be part of the intense medical management strategy.”

It’s the EPA Stupid!
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ramfan60 ramfan60 16 horas hace
Great news Retired...... nice lifestyle as well...all the best!
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CaptBeer CaptBeer 17 horas hace
RIR (Residual Inflammatory Risk):
The anti-inflammatory benefits of high-dose EPA mentioned here:
https://www.ahajournals:.org/doi/full/10.1161/ATVBAHA.124.319983#sec-3
It’s the EPA Stupid!
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Retiredceo Retiredceo 18 horas hace
False positive on the stress test. There are zero issues.

We shoot, grow and fish for most of our food. That was part of the discussion with the doc. Doc said she could start eating French fries and ice cream every day and wouldn’t live long enough to block up her heart. She’s 60 years old.

“Body of a 20 year old”.

Whew

Thank you for the responses and concern.
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Larrybirdlegend Larrybirdlegend 18 horas hace
This is the most ridiculous thing I've ever seen posted here

There is no way sarissa is shorting this stock

They have a fiduciary duty and to even suggest that makes me believe you have some other agenda here

Denner has more motivation than anyone else to drive value and I am certain he will
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Number sleven Number sleven 19 horas hace
https://www.isrctn.com/ISRCTN15140257
Sleven,
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Number sleven Number sleven 20 horas hace
JRoon,
https://www.merriam-webster.com/dictionary/evidence
I asked for evidence, not proof. You don't seem to understand the difference. Good evidence doesn't always lead to the correct conclusion, but that evidence should be the first step towards reaching a conclusion. The search for evidence is research. That takes effort.
Are you familiar with Roseanne Roseannadanna?
Sleven,
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DMC8 DMC8 24 horas hace
I don’t know if the Supreme Court will even entertain the extension of Certiorari or grant the Certiorari in the first place.

Typo error in the article, should be Amarin versus HIKMA.
https://patentlyo.com/patent/2025/01/supreme-preview-skinny.html
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ORBAPU ORBAPU 1 día hace
There is no proof. Only speculation. 
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JRoon71 JRoon71 1 día hace
Sleven, would you mind posting proof that Sarissa is not shorting?

Considering their statement that this is one strategy that they could employ (in their proxy statement, filed with the SEC), it is not a stretch.

Simply because you can't prove something, does not make it false.

You believe Amarin is going to prevail in their lawsuit, but have no proof of that, other than your own belief.

You thought BRAVE was going to show a positive outcome, without any proof of that, other than your own belief. 

I believe Sarissa (or their proxies) are responsible for some or all of the short interest in AMRN. They have stated they may do that. I believe them.

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rosemountbomber rosemountbomber 1 día hace
I am basically saying the opposite.  I don't have any evidence to believe Denner is shorting the stock. 
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Denisk Denisk 1 día hace
RMB, SLEVEN. IMO this statement that Denner has been shorting the stock does not make sensedue to the following facts:
The total number of shares traded since Jan 8, 2024 to DEC 31, 2024 was 390.960 million shares, that’s an average of 1.570 million shares traded daily. (785 thousand shares bought and sold daily).
The high of the year was $1.37 per share and the low was $0.43 with a total monthly shorted shares of 4.87% throughout the year (per Nasdaq short interest list throughout the year). So let us say Denner shorted 100 thousand shares daily(which is roughly 12 % of the average traded shares daily, not counting other institutions or retail holders shorting) and he realized a net gain of $0.94 that would give him a profit of approximately $23 million and bring his average to $3.06 from his original purchase price of $4.60.
I just don’t think that is possible and wouldn’t that expose him to numerous lawsuits?
Can you explain to me how you can state that is was shorting the stock during this all time?
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north40000 north40000 1 día hace
Or earlier at JPM HealthCare Conference, 01/13-15/2025. Oral presentation? Poster?
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Whalatane Whalatane 1 día hace
Retiredceo re . Angiogram now set for Jan 3 and meeting with their top doc.
Hope things went well today .
Kiwi
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Number sleven Number sleven 1 día hace
RMB, A number of people on this board create natives. Then they site those natives as proof. Be careful what you take from this board. You understand. These people said what I said after I said it, so obviously it's true.
Sleven,
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rosemountbomber rosemountbomber 1 día hace
A few people have mentioned Denner/Sarissa having a short position here, but I haven't seen anything corroborating or confirming that 
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Number sleven Number sleven 1 día hace
https://www.courtlistener.com/docket/59859757/dr-reddys-laboratories-inc-v-amarin-pharma-inc/?page=2
Sleven,
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Number sleven Number sleven 1 día hace
JRoon Would you mind posting your evidence of a Sarissa short position?
Sleven,
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Number sleven Number sleven 1 día hace
Ex,
https://codes.findlaw.com/us/title-35-patents/35-usc-sect-284/#:~:text=Damages&text=Upon%20finding%20for%20the%20claimant,as%20fixed%20by%20the%20court.
Sleven,
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Denisk Denisk 1 día hace
FROM THAT ARTICLE , here is a comment from the readers: Stephen Newman
• 3rd+
Director of Preventive Cardiology at HCNT and CEO Iatros Synergy Corp
1mo

John, thank you for sharing this study. From a preventive cardiology perspective, the findings reinforce EPA’s role in modulating inflammation and oxidative stress, key drivers of atherosclerosis. The downregulation of immune-related genes and upregulation of Nrf2-regulated antioxidant pathways like NQO1 align with the cardiovascular benefits seen in studies like REDUCE-IT highlighting EPA’s potential beyond lipid lowering, emphasizing its impact on plaque stabilization and immune modulation, which are critical in preventing cardiovascular events! Stephen

John Nelson MD,FACC,FNLA,FASNC
Author
Director at California Cardiovascular Institute
1mo

All excellent points.Prescription EPA is one of the most under-utilized CVOT proven,guideline recommended drugs.This is the first lipid lowering drug that the proven CVOT CV risk reduction was NOT primarily related to lipid effects(ie LDL-C/HDL-C/apo B/non HDL-c/RLP-c) but to the serum level of EPA and its myriad of pleiotropic effects which we are only just starting to understand.Its array of anti-inflammatory,anti-thrombotic,anti-oxidant and pro-resolving effects are amazing.


2 Re
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JRoon71 JRoon71 2 días hace
Last year, Amarin made a preliminary announcement of Q4 results on January 10th. It was a good quarter, and the SP jumped 32% in one day.

It will be interesting to see if this will be again be the "launching pad" for a price recovery. Announce good Q4 results. Announce commencement of share BB. Sarissa buys more (and they close their short position at the same time). Some sort of announcement related to an AG or something operational.

The next few months are going to be wild.
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DMC8 DMC8 2 días hace
https://www.linkedin.com/pulse/eicosapentaenoic-acid-induces-anti-inflammatory-cells-john-szgic?utm_source=share&utm_medium=member_ios&utm_campaign=share_via
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JRoon71 JRoon71 2 días hace
It's also based on lost profits, not lost revenue.

They would have to apply cost of goods sold and a factor for salesforce and marketing costs.
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Number sleven Number sleven 2 días hace
Ex, Take a look at how damages were assessed in GSK v Teva.
Sleven,
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exwannabe exwannabe 2 días hace
Hayward, The assessment of damages is not based on sales by Hikma. It's based on the revenue lost by Amarin.
True, but would be an interesting question of how that is determined. Just taking the pre generic to post generic revenue reduction is not valid as certainly the generic competition even in the non-infringing indication is real.

I imagine Amarin would argue the loss should be their hit prorated to relative size of the indications. This would be very substantial.

I imagine Hickma would argue it should Hickma's sales quantity of the infinging sales valued per AMRN's sales metrics. That would be fairly modest (though nothing to sneeze at).

Does the treble damage rule apply in a case such as this where the argument is not over the technical details of the infringement? I have no clue on that one.
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rosemountbomber rosemountbomber 2 días hace
Our best and quickest route was the Marjac/North legal action but for some reason Amarin decided not to join thus giving the other side the standing get out of jail card.  These current cases, for tge time being are noise. 
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ramfan60 ramfan60 2 días hace
Regardless....... Hikma will have this potential HUGE liability as discovery starts to uncover the details of the infringement. This will not go unnoticed by a potential BP buyer of AMRN. The longer it goes and if in our favor, the liability increases..... who blinks first. Of course we won't be counting on this lawsuit as current investors to drive the share price but it is something an acquirer will be interested in.
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Chromosome Chromosome 2 días hace
I am with you on that one JR… the lawsuits for me are not a part of the base case. I personally think getting a new formulation in market that is patent protected has a higher likelihood of happening sooner that a final resolution of these lawsuits. Having said that I feel there is a greater than 0% chance of a settlement before that for some of the reasons you stated. JMO
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the_kube the_kube 2 días hace
Fair points.
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seve333 seve333 2 días hace
Damages they would maybe pay in what like 10 years?They will just appeal the decision for years on end.
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JRoon71 JRoon71 2 días hace
Sure, but what does that tell you about their confidence in this lawsuit?

This is not Hikma's first rodeo. They get sued all the time. It is literally part of their business model. They have over 800 products they sell, do nearly $3B in revenue, have a market cap of $5.5B, and I doubt they are that worried about Amarin. If they were, they would have withdrawn from selling IPE.

And even if Amarin is somehow still around in 4 or 5 years, and happens to win the appeal of the appeal, they then have a protracted fight about the damages. And there will be extensive analysis of how to arrive at "lost profits" for Amarin. And this process will drag on for years.

Look at GSK vs. Teva. Very similar case. Filed in 2014, still ongoing to this day. They're actually talking about a potential new trial. https://casetext.com/case/glaxosmithkline-llc-v-teva-pharm-us-3 . Amarin's case was only filed in 2020. How much money do you think GSK has spent on this trial? And Teva? And do you think Hikma can outlast Amarin?

The company is going to be sold long before this lawsuit ever has any impact on Amarin. A final, post-appeal decision is at least 4 years away. The only thing happening right now is lawyers getting rich.

I know others see it differently, and that is fine. I'm more concerned with Amarin's actual operations, not in a lawsuit that will likely never amount to anything meaningful for Amarin.
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the_kube the_kube 2 días hace
If Hikma continues with the stall tactics, aren’t they just adding to potential damages they would have to pay?
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Number sleven Number sleven 2 días hace
Hayward, The assessment of damages is not based on sales by Hikma. It's based on the revenue lost by Amarin.
Sleven,
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