Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Amarin's omega-3 Vascepa. (Photo: Amarin/FIS)

Amarin gets ready to launch new fish oil drug

Click on the flag for more information about United States UNITED STATES
Monday, December 10, 2012, 05:00 (GMT + 9)

Irish company Amarin announced USD 100 million had been granted in private funding that will be used to push its fish oil product Vascepa in the US in 2013.

The firm plans to hire 250-300 sales representatives to prepare the launch of the product, and will subsequently look to sell itself to a bigger drugmaker, find a marketing partner or if unlucky will move the product alone.

Investors expressed their discontent with the fact that Amarin is going in debt worth USD 100 million (via non-equity financing with an investment fund managed by Pharmakon Advisors), and this caused shares to fall by 21 per cent, as it also indicated that the sale of the company to a larger drug business has become much less probable. 

Vascepa was already approved by the Food and Drug Administration (FDA) in July 2012 as a prescription ultra-pure omega-3 fatty acid derived from fish oil designed to lower triglycerides, a type of fat in the blood, for patients with abnormally high triglycerides. It is meant to be used along with a low-fat and low-cholesterol diet, Benzinga reports. 

But Amarin was hoping for the FDA to designate Vascepa a New Chemical Entity (NCE), which would grant the company two more years of exclusivity. However, the FDA has delayed that decision several times, FiercePharma reports. 

Further, the FDA is still deciding whether to give Vascepa status as a first-of-a-kind drug, which would give the company five years of protection from competition, The Associated Press reports.

Such a status would also make Amarin more appealing to big pharma partners.

CEO and Chairman Joseph Zakrzewski said the USD 100 million-funding gives the firm "maximum flexibility" to prepare for the drug’s launch while it continues to negotiate potential partnerships.

Previously, there were rumours that several companies, including AstraZeneca and Pfizer, were interested in Amarin, but these rumours have since dissipated. 

By Natalia Real
[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
European Union
Oct 23, 16:10 (GMT + 9):
The Briefing: Fishing is the latest issue to get caught up in Brexit’s net
Japan
Oct 23, 12:00 (GMT + 9):
Volume and prices │ Sendai Central Market │ September 2020
S. Georgia & S. Sandwich
Oct 23, 08:00 (GMT + 9):
South Georgia and the South Sandwich Islands (GSGSSI) Annual Stakeholder Meeting
Spain
Oct 23, 07:00 (GMT + 9):
Innovation and international synergies, keys to promoting the sustainable growth of the fishing industry
United Kingdom
Oct 23, 05:50 (GMT + 9):
IPNLF and Earthworm Foundation strengthen collaboration in French tuna markets
Japan
Oct 23, 05:30 (GMT + 9):
The first abundant mackerel of this season arrives at Hachinohe
Spain
Oct 23, 00:20 (GMT + 9):
Other Media | La Voz de Galicia: Galicia reproaches the EU for being inflexible with the Atlantic and lax in the Mediterranean
Norway
Oct 23, 00:10 (GMT + 9):
Other Media | aqua.cl: AKVA rates its pontoon 'AC800PVDB' as 'the strongest' it has ever built
Spain
Oct 23, 00:00 (GMT + 9):
Other Media | iPac.acuicultura: APROMAR's 'Aquaculture of Spain' project starts
Worldwide
Oct 23, 00:00 (GMT + 9):
European Commission and other major fishing players unite to tackle flags of convenience
United States
Oct 23, 00:00 (GMT + 9):
Products derived from alaska pollock and pacific cod (NMFS of DAP in GOA-BSAI): surimi, fillet, roe and fishmeal | week 41
United States
Oct 23, 00:00 (GMT + 9):
Catch and production DAP | Alaska Pollock: surimi, Fillet-H&G-Mince │ week 41
United States
Oct 23, 00:00 (GMT + 9):
Weekly production of Alaskan pollock roe (DAP in BSAI/GOA) | week 41
Norway
Oct 22, 12:00 (GMT + 9):
Statistics │ Exports │ Marine products │ September-2020
Norway
Oct 22, 12:00 (GMT + 9):
Statistics │ Export │ Frozen crab to Japan, Korea, Taiwan, China, Vietnam, USA, Canada and Europe



Lenguaje
FEATURED EVENTS
  
TOP STORIES
The Briefing: Fishing is the latest issue to get caught up in Brexit’s net
European Union The following is an excerpt from an article published by EuroNews: Our door remains open, no our door is open. Welcome to diplomacy in 2020; both sides in the Brexit drama have essentially ended u...
Baltic Sea fishing: Council agrees on 2021 catch limits
European Union Today, the Council reached an agreement on next year's fishing opportunities in the Baltic Sea, focusing on fish stock recovery. Ministers agreed to continue decreasing the fishing opportunities f...
Statistics │ Exports │ Marine products │ September-2020
Norway Source: FIS.com | Click to enlarge it     [email protected] www.fis.com...
The Federal Agency for Fishery (Rosrybolovstvo) proposed to allocate additional investment quotas for the Far East
Russia Fed. The Federal Agency for Fishery (Rosrybolovstvo) proposes to allocate additional investment quotas for the construction of ships in the Far East in 2022. This was announced during a meeting with R...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER