Amarin (AMRN) Announces Fourth Vascepa Supplier
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Amarin Corp Plc (NASDAQ: AMRN) announced the addition of an exclusive consortium of companies led by Slanmhor Pharmaceutical, Inc. (Slanmhor) to its planned active pharmaceutical ingredient (API) global supply chain for Vascepa® (icosapent ethyl) capsules. Slanmhor was spun-out from Ocean Nutrition Canada (ONC) prior to the May 2012 acquisition of ONC by Royal DSM N.V. (DSM), a global leader in life sciences and materials sciences. Amarin now has a total of four API suppliers for Vascepa API for Amarin to utilize to support the global commercialization of Vascepa, subject to appropriate regulatory approvals.
"We have found very few companies with the technical ability to produce Vascepa to our unique specifications. The addition of this exclusive Slanmhor consortium rounds out our global diversity and expands our potential capacity to meet the anticipated market demand for Vascepa," said Joseph Zakrzewski, Chairman and Chief Executive Officer of Amarin. "Pooling the resources of four of the world's leading omega-3 API manufacturers supports the commercial potential of Vascepa by providing for additional scalability and reliability to Amarin's supply chain."
Amarin's current plan is to launch Vascepa based on product produced by its existing API supplier, Nisshin Pharma. Amarin has agreed to a protocol with FDA for the qualification of additional API suppliers. Amarin's plan is for Slanmhor, along with BASF and Chemport, to complete all necessary qualification steps to facilitate the submission of supplemental New Drug Applications that seek approval for Amarin's new suppliers to manufacture Vascepa for use in the United States.
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"We have found very few companies with the technical ability to produce Vascepa to our unique specifications. The addition of this exclusive Slanmhor consortium rounds out our global diversity and expands our potential capacity to meet the anticipated market demand for Vascepa," said Joseph Zakrzewski, Chairman and Chief Executive Officer of Amarin. "Pooling the resources of four of the world's leading omega-3 API manufacturers supports the commercial potential of Vascepa by providing for additional scalability and reliability to Amarin's supply chain."
Amarin's current plan is to launch Vascepa based on product produced by its existing API supplier, Nisshin Pharma. Amarin has agreed to a protocol with FDA for the qualification of additional API suppliers. Amarin's plan is for Slanmhor, along with BASF and Chemport, to complete all necessary qualification steps to facilitate the submission of supplemental New Drug Applications that seek approval for Amarin's new suppliers to manufacture Vascepa for use in the United States.
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