UPDATE: Citigroup Initiates Amarin at Buy on Vascepa Overhang Removal
Posted on November 27, 2012 at 11:06 AM EST
Citigroup initiated coverage on Amarin (NASDAQ: AMRN ) with a Buy rating and a $20 price target. Citigroup commented, "The overhang from the delayed 3 vs. 5 year FDA market exclusivity decision for AMRN's cardiovascular drug, Vascepa, has pressured the company's valuation towards our view of a near “worst