Amarin (AMRN) Higher On Reports The Company Is Exploring Alternatives

January 11, 2011 10:30 AM EST Send to a Friend
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Shares of Amarin (Nasdaq: AMRN) are higher in early action Tuesday following reports the company is hiring a financial advisor to explore strategic alternatives, including a possible sale.

CEO Joe Zakrzewski told Bloomberg News that the company has been approached by more than a dozen interested parties, potential partners and buyers.

"I have more companies interested in this asset than employees," he told Bloomberg at the J.P. Morgan Healthcare Conference in San Francisco.

Shares of Amarin last traded up 6.6 percent to $9.39.


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