Jefferies target now at $30. Amarin shares would jump 'quickly' on patent settlement, says Jefferies Shares of Amarin are up 42% year-to-date as evidence of Vascepa's sales execution and potential "continues mounting every week," Jefferies analyst Michael Yee tells investors in a research note. After meeting with management, the analyst says the company continues to be bullish on accelerating market penetration and sales over the coming quarters. Further, management noted the window for the FDA to confirm any advisory panel is narrowing, given the priority review and the action date of September 28. With no panel, shares of Amarin move higher for a "straighter shot towards clean approval," Yee contends. Regarding patent litigation, a court date is set for January 2020, the analyst adds. If any settlement comes, the stock would move "quickly higher" towards $25-plus, according to Yee. He keeps a Buy rating on Amarin with a $30 price target.
Had a meeting w/ Jefferies yesterday.
Seen this posted twice, cant find the link tho.
Had a meeting w/ Jefferies yesterday.
Seen this posted twice, cant find the link tho.
looks like a good swing play. everyone seems to be expecting approval so its looks as its on a steady uptrend until then. it can be a buy the rumor sell the news event or It can spike on approval. either way seems like its gonna rise until then so Im gonna buy some monday to swing it, and sell half before July 6th and the rest after news. I need to research the drug to see if its a big deal in the medical industry, that will determine if its a sell the news event.
alot of people on yahoo finance saying its gonna hit $50...