December 07, 2012 at 10:02 AM EST
Amarin's Stock Drops on Plan to Sell Heart Drug Vascepa Alone
MINYANVILLE ORIGINAL Shares of Amarin (NASDAQ:AMRN) are falling after the drug maker said it will hire a sales force to market its heart medicine derived from pure fish oil rather than partner with another company. Amarin says it is still exploring a strategic partner or outright sale of the company. Amarin says it will hire as many as 300 sales representatives to launch the drug Vascepa in the US during the first quarter of 2013. The announcement made late in the day Thursday also detailed a $100 million financing the company arranged through an investment fund. The company’s shares ...
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