Amarin stock tumble: No respect or justified jitters?
This article was originally published in Scrip
Shares of Amarin tumbled for the third day likely over investors’ concerns about the future of the company's newly approved fish oil pill Vascepa (formerly AMR101), a semisynthetic, 96% ultra-pure ethyl ester of eicosapentaenoic acid, which gained the US FDA's OK on 26 July as an adjunct to diet to reduce triglyceride levels in adults with severe hypertriglyceridemia, or very high triglycerides, 500mg/dL or above.
You may also be interested in...
With new funding in hand, Moderna and its infectious disease venture Valera are going full-speed ahead with a Zika vaccine, taking an mRNA approach, which they said could be a more rapid strategy to try to stop the disease.
Allergan CEO Brent Saunders vows not to engage in price gouging and says his firm will limit cost increases to single-digit percentages, occurring only once per year. But it's unclear whether Saunders will stand as a lone wolf in the industry or if others will make similar pledges.
Hillary Clinton's plan to rein in high prices of older medicines, which includes creating a federal panel that has authority to impose fines, may grab headlines, but some analysts think it's unlikely to get very far in a divided Washington.