aoromchian's  Instablog

Send Message
  • Amarin In Play? 0 comments
    Aug 28, 2012 2:15 AM | about stocks: AMRN

    Shares of Amarin Corporation plc (Nasdaq: AMRN)+Is+In+Play/stock_lookup.php?q=AMRN" target="_blank" rel="nofollow">AMRN) are higher early Friday as traders get the memo that the stock is "in play," on likely Vascepa NCE approval and then a potential buyout.

    Reports after the close Thursday suggested that NCE approval is 'in the bag.' If this is true, attention will turn to the product launch. The company could go it alone, partner with someone, or sell the entire operation.

    Recently, analysts at MKM's Partners have been clamoring that a buyout is likely and could come before the end of the year. They said AstraZeneca (NYSE: AZN) is the most logical suitor, but Pfizer, Bristol Myers, Sanofi and others could also be interested.

    Shares of AMRN are up 5 percent today to $12.85.

    Disclosure: I am long AMRN, ARNA, ATRS.

    Stocks: AMRN
Back To aoromchian's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Does anyone have any thoughts as to why the stock is not moving higher significantly as the 27th approaches?
    Jul 23, 2012
  • Is it just me or has everyone overlooked the fact that an REMS was issued for VVUS - the stock may not spike up as everyone predicts.
    Jul 17, 2012
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.