Amarin Corporation

Amarin Corporation
Public
Traded as NASDAQ: AMRN
Industry Biotechnology
Founded 1993
Headquarters Bedminster, New Jersey U.S.
Products Vascepa (AMR-101)
Number of employees
 50+
Website www.amarincorp.com
www.vascepa.com

Amarin Corporation is a biopharmaceutical company founded in 1993 and headquartered in Bedminster, New Jersey. The company develops and markets medicines for the treatment of cardiovascular disease. It has developed the drug Vascepa (AMR-101), a prescription grade omega-3 fatty acid.

In July 2012, their lead-candidate drug named Vascepa (AMR-101) received FDA-approval.[1][2] competing against GlaxoSmithKline's Lovaza.[3]

History

Amarin Corporation was founded in 1993 or 1999.[4] In 2002, the company suffered losses worth $37 million, 2003 losses exceeded $19 million.[4] As of 2005 it was developing neurology drugs. It developed Miraxion to treat serious hereditary neurodegenerative disease.[4]

In December 2007, Amarin acquired Ester Neurosciences Limited for 8.1 million USD.[5] In 2011 CEO Joe Zakrzewski said that the company would like to first work on building its infrastructure out to commercialize the drug in the United States.[6]

Products and development

Vascepa

Amarin's only product is Vascepa, an Omega-3 fatty acid drug (Ethyl eicosapentaenoic acid) used to treat hypertriglyceridemia that received FDA approval in July 2012.[1][2] competing against GlaxoSmithKline's Lovaza.[7] Unlike Lovaza Vascepa was approved for patients with triglycerides of 200 mg/dL to less than 500 mg/dL.[8][9]

On 10/16/2013 after FDA's ADCOM panel had voted 9-2 against recommending to expand Vascepa's label for treatment of cardiovascular disease, shares dropped over 60%. As of 02/01/2015 their stock price had not recovered.

In March 2016, after losing a court case, the FDA agreed to allow some off-label marketing.[10]

See also

References

  1. 1 2 "Amarin Announces FDA Approval of Vascepa(TM) (icosapent ethyl) Capsules for the Reduction of Triglyceride Levels in Adult Patients With Severe Hypertriglyceridemia". Retrieved 26 July 2012.
  2. 1 2 "Amarin Prescription Fish-Oil Pill Approved - TheStreet". Retrieved 26 July 2012.
  3. ↑ "FDA approves Amarin's heart pill". Reuters. 26 July 2012. Retrieved 27 July 2012.
  4. 1 2 3 "Simon Kukes Prefers Drugs to Oil". Kommersant. 25 January 2005. Retrieved 1 October 2016.
  5. ↑ "Amarin Signs Agreement to Acquire Ester Neurosciences - Health News - redOrbit". RedOrbit. 5 December 2007. Retrieved 27 July 2012.
  6. ↑ "Amarin: Mover of the Day". CNBC. April 18, 2011. Retrieved 26 July 2012.
  7. ↑ "FDA approves Amarin's heart pill". Reuters. 26 July 2012. Retrieved 27 July 2012.
  8. ↑ "The Rise Of Amarin's Fish Oil Should Have GSK Worried". Seeking Alpha. Retrieved 21 March 2012.
  9. ↑ "Amarin's AMR101 Phase 3 ANCHOR Trial Meets all Primary and Secondary Endpoints with Statistically Significant Reductions in Triglycerides at Both 4 Gram and 2 Gram Doses and Statistically Significant Decrease in LDL-C (NASDAQ:AMRN)". Amarin. 18 April 2011. Retrieved 26 July 2012.
  10. ↑ FDA Concedes Defeat on Off-Label Drug Marketing; Amarin can market its fish-oil product (Vascepa) for unapproved indications. March 2016
  • "Amarin corporate website".
  • "Official Vascepa website".
  • NYtimes Press Releases for Amarin Corporation
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