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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 11.42-4.4%3:59 PM EDT

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From: E_K_S12/16/2019 8:31:49 AM
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FDA OKs CV benefit claim for Amarin's Vascepa
Dec. 13, 2019 4:33 PM ET|About: Amarin Corporation plc (AMRN)|By: Douglas W. House, SA News Editor

As expected, the FDA approves a cardiovascular (CV) benefit claim for Amarin's (NASDAQ: AMRN) Vascepa (icosapent ethyl) based on results from the large-scale REDUCE-IT study.

The approved use is as an adjunct therapy to reduce the risk of CV events in adults with elevated triglyceride levels of 150 milligrams per deciliter or higher. Patients must also have either established cardiovascular disease or diabetes and two or more additional risk factors for cardiovascular disease.

Trading has yet to resume.

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Have big speculative position in ACST. They s/d have their Phase III results from FDA this week. ACST has similar drug as AMRN but use krill fish oil. Fingers crossed

EKS
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