Biotech Stock Amarin (AMRN)
The Company is engaged in the research, development and commercialization of novel drugs for the treatment of central nervous system disorders.
Their lead drug Vascepa, a purified fish oil derivative, was approved by the FDA all the way back in 2012 to treat patients with severe hypertriglyceridemia (SHTG). But it’s not Vascepa’s potential in treating SHTG patients that’s got Wall Street excited. Rather, it’s a supplemental new drug application stemming from a five-year Harvard study in 8,179 people with milder (but still high) triglyceride levels. The results showed that the aggregate risk of heart attack, stroke, and death in these patients by 25%. In other words, if Vascepa were to be approved for an expanded label indication to reduce the risk of major adverse cardiovascular events, its potential pool of patients could grow tenfold, as would its sales potential.
I first requested this stock on 11th November 2019 on a live chat when it was trading @ $16.40 a share and today it’s trading @ $23.26.
This stock still have potential to 10x its value if we can get in early.