Canaccord Genuity Reiterates a 'Buy' on Amarin Corporation (AMRN); Next Stop - July 26 PDUFA; NDA on Track
Get Alerts AMRN Hot Sheet
Price: $0.86 --0%
Rating Summary:
6 Buy, 12 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 14 | Down: 16 | New: 3
Rating Summary:
6 Buy, 12 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 14 | Down: 16 | New: 3
Join SI Premium – FREE
Canaccord Genuity reiterates a 'Buy' on Amarin Corporation (NASDAQ: AMRN) price target of $25.00.
Analyst, Ritu Baral, said, "Reiterate rating and price target on commercial, partnership potential of AMR101. We think AMR101, Amarin’s 96% EPA omega-3 for high triglycerides, will be approved for hypertriglyceridemia in H2/12, likely around its July 26 PDUFA data, with a broad label that will include ANCHOR trial mixed dyslipidemia data. We expect additional IP and business development progress in H2/12."
"We expect submission of mixed dyslipidemia NDA in early 2013, for late 2013 approval and 2014 launch. The status of the REDUCE-IT outcomes study appears to us to be on track to allow for the mixed dyslipidemia sNDA. We note Omthera Epanova mixed dyslipidemia ESPRIT trial data is due in July, but do not think this now represents an overhang."
For an analyst ratings summary and ratings history on Amarin Corporation click here. For more ratings news on Amarin Corporation click here.
Shares of Amarin Corporation closed at $11.67 yesterday.
Analyst, Ritu Baral, said, "Reiterate rating and price target on commercial, partnership potential of AMR101. We think AMR101, Amarin’s 96% EPA omega-3 for high triglycerides, will be approved for hypertriglyceridemia in H2/12, likely around its July 26 PDUFA data, with a broad label that will include ANCHOR trial mixed dyslipidemia data. We expect additional IP and business development progress in H2/12."
"We expect submission of mixed dyslipidemia NDA in early 2013, for late 2013 approval and 2014 launch. The status of the REDUCE-IT outcomes study appears to us to be on track to allow for the mixed dyslipidemia sNDA. We note Omthera Epanova mixed dyslipidemia ESPRIT trial data is due in July, but do not think this now represents an overhang."
For an analyst ratings summary and ratings history on Amarin Corporation click here. For more ratings news on Amarin Corporation click here.
Shares of Amarin Corporation closed at $11.67 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
- Royal Caribbean Cruises (RCL) PT Raised to $168 at Mizuho
- Boyd Gaming (BYD) PT Lowered to $78 at Mizuho
Create E-mail Alert Related Categories
Analyst Comments, FDASign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!