Jefferies is out with its report today on Amarin AMRN, maintaining Buy.
In a note to clients, Jefferies writes, "The National Heart, Lung, and Blood Institute announced discontinuation of the AIM-HIGH trial, concluding that niacin with statin would not show benefit over statin alone in reducing cardiovascular-related complications. We continue to believe in a multi-billion market opportunity for AMR101, and AMRN remains one of our top biotech picks."
Jefferies maintains a $25 PT on AMRN.
Shares of AMRN closed Thursday at $19.13.
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