Amarin -5% after FDA delays ANCHOR SPA appeal, MKM downgrades

Amarin (AMRN -5%) is downgraded to Neutral from Buy at MKM Partners after it announced the FDA had delayed making a determination on the company's request to reinstate the ANCHOR clinical trial Special Protocol Assessment agreement.

MKM continues to expect AMRN to have a difficult time significantly growing Vascepa prescriptions in the face of a smaller sales force and new ACC/AHA lipid guidelines that essentially only recommend statins for lipid management, and the firm does not expect AMRN to secure a near-term partnership for the drug.

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Comments (2)
  • johnsonstarfish
    , contributor
    Comments (98) | Send Message
    Guess who wants cheap shares?
    16 Jan 2014, 06:37 PM Reply Like
  • Teddie
    , contributor
    Comments (194) | Send Message
    Not I -- wouldn't touch this thing.
    17 Jan 2014, 04:31 AM Reply Like
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