Docoh
Loading...

AMRN Amarin

Amarin is a rapidly growing, innovative pharmaceutical company leading a new paradigm in cardiovascular disease management. From its scientific research foundation to its focus on clinical trials, and now its commercial expansion, it is evolving and growing. In 2009, Amarin had fewer than twenty employees. Today, with offices in Bridgewater, New Jersey in the United States, Dublin in Ireland, and Zug in Switzerland, Amarin has approximately 1,000 employees and commercial partners and suppliers around the world. It is committed to rethinking cardiovascular risk through the advancement of scientific understanding of the impact on society of significant residual risk that exists beyond traditional therapies, such as statins for cholesterol management.

Company profile

Ticker
AMRN
Exchange
CEO
Joseph Zakrzewski
Employees
Incorporated
Location
Fiscal year end
Former names
AMARIN PHARMACEUTICALS PLC, ETHICAL HOLDINGS PLC
SEC CIK

AMRN stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

29 Apr 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Amarin earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 290.99M 290.99M 290.99M 290.99M 290.99M 290.99M
Cash burn (monthly) (positive/no burn) 3.17M 443.67K (positive/no burn) 6.23M 3.72M
Cash used (since last report) n/a 12.96M 1.81M n/a 25.47M 15.18M
Cash remaining n/a 278.04M 289.18M n/a 265.52M 275.81M
Runway (months of cash) n/a 87.7 651.8 n/a 42.6 74.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 21 John F Thero Ordinary Shares Payment of exercise Dispose F No No 4.48 10,604 47.51K 3,236,412
30 Jun 21 John F Thero Ordinary Shares Option exercise Aquire M No No 0 13,472 0 3,247,016
30 Jun 21 John F Thero Ordinary Shares Option exercise Aquire M No No 0 6,736 0 3,233,544
30 Jun 21 John F Thero Ordinary Shares Option exercise Aquire M No No 0 6,736 0 3,226,808
30 Jun 21 John F Thero RSU Ordinary Shares Option exercise Dispose M No No 0 13,472 0 26,944
30 Jun 21 John F Thero RSU Ordinary Shares Option exercise Dispose M No No 0 6,736 0 13,472
30 Jun 21 John F Thero RSU Ordinary Shares Option exercise Dispose M No No 0 6,736 0 13,472
30 Jun 21 Joseph T Kennedy Ordinary Shares Payment of exercise Dispose F No No 4.48 3,803 17.04K 314,443
30 Jun 21 Joseph T Kennedy Ordinary Shares Option exercise Aquire M No No 0 3,610 0 318,246
30 Jun 21 Joseph T Kennedy Ordinary Shares Option exercise Aquire M No No 0 1,805 0 314,636

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

35.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 246 243 +1.2%
Opened positions 40 44 -9.1%
Closed positions 37 60 -38.3%
Increased positions 62 42 +47.6%
Reduced positions 56 86 -34.9%
13F shares
Current Prev Q Change
Total value 868.75M 1.08B -19.4%
Total shares 139.02M 148.43M -6.3%
Total puts 4M 5.7M -29.8%
Total calls 4.16M 7.21M -42.3%
Total put/call ratio 1.0 0.8 +21.6%
Largest owners
Shares Value Change
Baker Bros. Advisors 26.45M $164.28M -5.5%
Eversept Partners 16.9M $104.93M +6.0%
Grosvenor Holdings, L.L.C. 6.79M $42.17M +15.3%
MS Morgan Stanley 6.34M $39.37M +6.1%
Boxer Capital 6M $37.26M 0.0%
Avoro Capital Advisors 6M $37.26M 0.0%
SCP Investment 5.5M $34.16M 0.0%
Rock Springs Capital Management 4.2M $26.05M 0.0%
Clearbridge Advisors 4.08M $25.36M -11.7%
FHI Federated Hermes 3.5M $21.74M 0.0%
Largest transactions
Shares Bought/sold Change
BVF 1.72M -9.05M -84.1%
Edgestream Partners 1.71M +1.71M NEW
Baker Bros. Advisors 26.45M -1.54M -5.5%
TROW T. Rowe Price 146.24K -1.33M -90.1%
D. E. Shaw & Co. 2.54M -1.31M -34.1%
Oracle Investment Management 2.08M +1.05M +101.9%
Citadel Advisors 2.77M +1.02M +58.2%
Point72 Asset Management 1.51M +984.7K +188.2%
Renaissance Technologies 1.93M -981.92K -33.7%
DG Capital Management 3.18M +955.69K +43.0%

Financial report summary

?
Risks
  • Factors outside of our control make it more difficult for VASCEPA to achieve a level of market acceptance by physicians, patients, healthcare payors and others in the medical community necessary to meet expectations for commercial success.
  • The scale and scope of the COVID-19 pandemic is uncertain and poses a significant threat to public health and infrastructure throughout the world, which could have a negative impact on our business.
  • Our current and planned commercialization efforts may not be successful in increasing sales of VASCEPA in the United States.
  • * Our promotion of VASCEPA is subject to regulatory scrutiny and associated risk generally.
  • As generic company competitors seek to compete with copies of VASCEPA in the United States and elsewhere we could face additional challenges to our patents and additional patent litigation.
  • VASCEPA is a prescription-only omega-3 fatty acid product. Omega-3 fatty acids are also marketed by other companies as non-prescription dietary supplements. As a result, in the U.S. VASCEPA is subject to non-prescription competition and consumer substitution.
  • Our products and marketing efforts are subject to extensive post-approval government regulation.
  • Legislative or regulatory reform of the healthcare system in the United States and foreign jurisdictions may affect our ability to profitably sell VASCEPA.
  • If we fail to comply with our reporting and payment obligations under the Medicaid Drug Rebate program or other governmental pricing programs, we could be subject to additional reimbursement requirements, penalties, sanctions and fines, which could have a material adverse effect on our business, financial condition, results of operations and growth prospects.
  • Changes in reimbursement procedures by government and other third-party payors may limit our ability to market and sell our approved drugs. These changes could have a material adverse effect on our business and financial condition.
  • Ongoing healthcare legislative and regulatory reform measures may have a material adverse effect on our business and results of operations.
  • Failure to comply with health and data protection laws and regulations could lead to government enforcement actions (which could include civil or criminal penalties), private litigation, and/or adverse publicity and could negatively affect our operating results and business.
  • * The U.S. FDA and other regulatory agencies strictly regulate the promotional claims that may be made about prescription products and promotional efforts such as speaker programs. If we or our partners are found to have improperly promoted uses, efficacy or safety of VASCEPA or otherwise are found to have violated the law or applicable regulations, we may become subject to significant fines and other liability. The government may seek to find means to prevent our promotion of truthful and non-misleading information beyond the current court ruling and litigation settlement or seek to find violations of other laws or regulations in connection with the promotional efforts we undertake on our own or through third parties.
  • As we continue to build our infrastructure for commercializing VASCEPA, we may encounter difficulties in managing our growth and expanding our operations successfully.
  • Our supply of product for the commercial market and clinical trials is dependent upon relationships with third-party manufacturers and suppliers.
  • We may purchase too much or not enough supply to satisfy actual demand, which could have a material adverse effect on our financial results and financial condition.
  • Our dependence on third parties in the distribution channel from our manufacturers to patients subject us to risks that limit our profitability and could limit our ability to supply VASCEPA to large market segments.
  • Our commercialization of VASCEPA outside the United States is substantially dependent on third parties and other circumstances outside our control.
  • * Our relationships with healthcare providers and physicians and third-party payors are subject to applicable anti-kickback, fraud and abuse and other healthcare laws and regulations, which could expose use to criminal sanctions, civil penalties, contractual damages, reputational harm and diminished profits and future earnings.
  • We rely on third parties to conduct our clinical trials, and those third parties may not perform satisfactorily, including failing to meet established deadlines for the completion of such clinical trials.
  • We are dependent on patents, proprietary rights and confidentiality to protect the commercial potential of VASCEPA.
  • Our issued patents may not prevent competitors from competing with VASCEPA, even if we seek to enforce our patent rights.
  • There can be no assurance that any of our pending patent applications relating to VASCEPA or its use will issue as patents.
  • Despite the use of confidentiality agreements and/or proprietary rights agreements, which themselves may be of limited effectiveness, it may be difficult for us to protect our trade secrets.
  • If the estimates we make, or the assumptions on which we rely, in preparing our projected guidance prove inaccurate, our actual results may vary from those reflected in our projections and accruals.
  • * The loss of key personnel could have an adverse effect on our business, particularly in light of our recent announcement of management succession plan.
  • We are subject to potential product liability.
  • A change in our tax residence could have a negative effect on our future profitability.
  • We could be adversely affected by our exposure to customer concentration risk.
  • Although we began generating revenue from VASCEPA in January 2013, we may never be profitable for a full year.
  • Our operating results are unpredictable and may fluctuate. If our operating results are below the expectations of securities analysts or investors, the trading price of our stock could decline.
  • We may require substantial additional resources to fund our operations. If we cannot find additional capital resources, we will have difficulty in operating as a going concern and growing our business.
  • Actual or potential sales of our common shares by our employees, including members of our senior management team, pursuant to pre-arranged stock trading plans could cause our stock price to fall or prevent it from increasing for numerous reasons, and actual or potential sales by such persons could be viewed negatively by other investors.
  • If we were to be characterized as a passive foreign investment company there could be adverse consequences to U.S. investors.
  • The rights of our shareholders may differ from the rights typically offered to shareholders of a U.S. corporation.
  • Shareholder protections found in provisions under the UK City Code on Takeovers and Mergers, or the Takeover Code, do not apply to us.
  • U.S. holders of the ADSs or ordinary shares may be subject to U.S. federal income taxation at ordinary income tax rates on undistributed earnings and profits.
  • Potential technological changes in our field of business create considerable uncertainty.
  • Legal, political and economic uncertainty surrounding the exit of the UK from the EU may be a source of instability in international markets, create significant currency fluctuations, adversely affect our operations in the UK and pose additional risks to our business, revenue, financial condition, and results of operations.
  • Negative economic conditions would likely have a negative effect on our ability to obtain financing on acceptable terms.
  • Raising additional capital may cause dilution to our existing shareholders, restrict our operations or require us to relinquish rights.
  • Potential business combinations or other strategic transactions may disrupt our business or divert management’s attention.
Management Discussion
  • This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements reflect our plans, estimates and beliefs. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipates,” “believes,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Because of these risks and uncertainties, the forward-looking events and circumstances discussed in this report may not transpire. We discuss many of these risks in Part I, Item 1A under the heading “Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and below under Part II, Item IA, “Risk Factors”.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: affiliate, anticompetitive, antitrust, attack, Attorney, Bahrain, beneficiary, Biden, biosimilar, Blueprint, Borghesi, cap, capita, CDC, Cecchini, CHMP, cliff, Columbia, comment, construct, contact, contemporary, conventional, Counsel, counter, Dan, Debendra, discretion, Edding, elderly, emia, ensued, fatal, Feb, feedback, footprint, fragile, frequency, FTC, fundamental, FYs, Gaetano, geography, Germany, heard, heavy, Hemorrhagic, hereinafter, hypercholesterol, imagined, incentivize, inexpensive, interfere, interfered, Ischemic, John, Joseph, judge, judging, justified, Karim, Kennedy, Ketchum, knowhow, Kotecki, left, length, Living, LLC, LYPDISO, marker, Maryland, MFN, MHRA, Mikhail, misled, navigate, NMPA, Norther, nutritional, objective, opted, overestimated, overturned, payroll, PD, plasma, pocket, purported, reactive, reportedly, resource, retire, Richard, rulemaking, safeguard, Scotland, Sharma, smooth, Steven, subpoena, succeed, summer, surprisingly, surrogate, Thero, timeframe, tpotential, Trust, unfilled, unlawful, unscheduled, unsettled, unspecified, unwilling, vaccinated, vaccine, VAZKEPA, viable, Vice, violative, wait, warrant, weather, winter, worsened, worth
Removed: abandon, ACC, acceleration, ADA, aggressively, Amsterdam, analyze, analyzed, announce, approximate, assumed, attenuation, attractive, automatically, begin, beneficially, bifurcation, burden, Cardiology, carryback, Cayman, centerpiece, Centre, clarified, Clarifying, College, combat, concurrently, contractually, coupon, Covenant, cover, declared, dedicate, deduction, default, defer, derecognized, derivative, diligently, directing, discharge, discouraged, disposition, dividend, documented, domain, Dublin, effected, effecting, eleven, embedded, EMDAC, employ, encumber, Endocrinologic, Endocrinology, erosion, EVAPORATE, eventual, evident, evolve, exempt, feature, formal, globe, harmful, identity, importance, incorporate, incorporating, informally, instance, issuable, Journal, liquidated, Lisbon, London, MAA, marginal, maximum, MedStar, memorandum, merger, modest, move, negotiate, Neuroscience, optional, parent, perfected, permanently, pertained, plaque, preserving, prioritized, priority, promptly, pronouncement, protocol, pursuit, recalculated, reflecting, registered, Registrable, remeasured, remedy, renamed, repay, representation, reprioritization, restate, saving, scheduled, Secured, session, sharing, Society, SPA, spent, successive, successor, sum, supplemental, supportable, suspend, targeting, territorial, thereunder, threshold, tranche, treating, Treaty, tying, unamortized, unanimously, uncured, underway, unit, unobservable, unpaid, unpredictability, upcoming, viability, vulnerability, waive, Weintraub, widespread, William