Amarin (AMRN) Volatility Nearly Double into PDUFA for AMR101

July 25, 2012 11:50 AM EDT
Amarin Corp. (Nasdaq: AMRN) volatility is slightly elevated on the session, but at 9 percent is nearly double the trailing annual average, heading into the pharma's PDUFA date tomorrow (July 26th) for AMR101.

Today, Amarin received notice of intention to grant letter for European Patent Application Number EP2395991, titled "Use of Eicosapentaenoic Acid Ethyl Ester for Treating Hypertriglyceridemia."

Amarin noted that this patent application "is intended to protect the exclusivity of Amarin's drug candidate, AMR101, for use in an indication that Amarin may seek through the European Medicines Agency (EMA)."

Shares of Amarin hit a new 52-week high last Thursday, and have held above at the upper-quarter of $14 or above since.

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