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Amarin Corporation plc Message Board

  • theguywho2 theguywho2 May 28, 2013 3:11 PM Flag

    Citi on AMRN

    Amarin Falls Amid Rival's Takeover; Citi Says Buy

    2:44 PM Eastern Daylight Time May 28, 2013
    14:44 EDT - Amarin (AMRN) bull Citi says investors should be buying the biotech in the wake of today's selloff prompted by AstraZeneca's (AZN) planned takeover of AMRN rival Omthera (OMTH). "While the initial reaction may be 'why not AMRN?' we think a more-meaningful takeaway is the positive indication this deal reflects on future utility for" the class of cardiovascular omega-3 drugs that AMRN is being acquired for." Citi notes OMTH's market cap is way below AMRN's $1B. Shares fall 6.1% to $6.37 after earlier hitting a 17-month low.

2.35+0.02(+0.86%)Jul 22 4:00 PMEDT