Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Amarin Falls After Financing Suggests Buyout Not Imminent

Amarin Corp., the maker of the cholesterol-lowering medicine Vascepa, plunged the most in almost two years after investors lost confidence that the company will soon be acquired.

Amarin declined 19 percent to $9.69 at 4 p.m. New York time, the most since January 2010. The Dublin-based company’s shares have gained 31 percent in the past 12 months.

Investors had expected Amarin to sell itself or find a partner to market Vascepa, the company’s treatment for severely high levels of triglycerides, said Akiva Felt, an analyst for Wedbush Securities in San Francisco. Instead, the company announced yesterday that it raised $100 million and started hiring a sales force for the medicine. The financing from Pharmakon Advisors and the start of a sales force may mean no sale is on horizon, he said.

“The concern is that this may be a signal that a deal isn’t imminent,” Felt said in a telephone interview yesterday. “There had been expectations that there would be a strategic agreement in the near term.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.