Skip to main content

Market Overview

Aegis Capital Reiterates Buy on Amarin Corporation Following Release of Vascepa Briefing Documents


In a report published Monday, Aegis Capital analyst Raghuram Selvaraju reiterated a Buy rating and $30.00 price target on Amarin Corporation plc (NASDAQ: AMRN).

In the report, Aegis Capital noted, “On Friday, October 11, 2013, the FDA released briefing documents for the upcoming advisory committee meeting to consider Amarin's lead drug Vascepa (icosapent ethyl) for the treatment of mixed dyslipidemia. Investors elected to drive Amarin shares to a new 52-week low on sentiment that comments made in the briefing package by FDA staffers were indicative of a negative outcome for the panel vote, which is slated to occur on Wednesday, October 16. In our view, the briefing documents were not anywhere near as negative as initial commentary would have investors believe. Furthermore, we remain confident that the panel vote is likely to ratify our view that Vascepa is a safe and effective drug for the treatment of mixed dyslipidemia, and that new and efficacious approaches for the achievement of triglyceride-lowering in patients with mixed dyslipidemia are sorely needed. In anticipation of a positive panel vote on Wednesday of this week and subsequent approval of Vascepa™ for mixed dyslipidemia in December 2013, we reiterate our Buy rating and 12-month price target of $30.00 on Amarin shares.”

Amarin Corporation plc closed on Friday at $5.09.

Latest Ratings for AMRN

Feb 2021SVB LeerinkMaintainsOutperform
Sep 2020SVB LeerinkMaintainsOutperform
Aug 2020Piper SandlerInitiates Coverage OnOverweight

View More Analyst Ratings for AMRN
View the Latest Analyst Ratings


Related Articles (AMRN)

View Comments and Join the Discussion!

Posted-In: Aegis Capital Corp. Raghuram SelvarajuAnalyst Color Reiteration Analyst Ratings

Latest Ratings

OTRKRBC CapitalDowngrades32.0
EVHCanaccord GenuityMaintains24.0
BMRNCanaccord GenuityMaintains91.0
ONTFCanaccord GenuityInitiates Coverage On65.0
MTZCredit SuisseMaintains114.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at