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Amarin Corporation plc Message Board

  • wesleydoctor wesleydoctor Mar 31, 2013 6:35 PM Flag

    Article : Market is Large Enough for a Bare Minimum $1 Billion. AMRN VERY OVERSOLD. // LINK

    Seeking Alpha (Saturday )
    5 Stocks To Watch For Gains This Week
    Mar 30 2013 By: Brian Nichols
    The drug, as currently approved, has market potential around $1 billion, judging by the success of Lovaza. Due to the success of its trial ANCHOR and the market potential of elevated triglyceride levels, which is eight times larger, I am not sure how Amarin is not a buy right now for the long term, in addition to short term. Assuming its indication is expanded, as I believe it will, I think the market is large enough for a bare minimum $1 billion in sales. Therefore, with the stock being very oversold, I wouldn't be surprised to see pop off its current bottom range next week. In addition, if $1 billion in sales is achieved (minimum) then the typical 3-4 times sales should also be expected, therefore presenting great upside.

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