Amarin allowed key ANCHOR '520 patent, says Jefferies

theflyonthewall.com

Jefferies said it learned that the U.S. patent office allowed the key ANCHOR '520 patent, which is views as a major positive for Amarin. Further, Jefferies firm thinks Amarin’s non-dilutive debt financing and decision to hire a salesforce to launch Vascepa in Q1 should have been expected given the lack of clarity around FDA exclusivity. Jefferies keeps a Buy rating on the stock with a $28 price target.

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