AMRN has the world's next blockbuster drug.
Buyout talks from Pfizer is really heating up.
Pfizer is rumoured to be on the brink of a deal to acquire small biopharma Amarin in the wake of stellar data for its purified fish oil product Vascepa in cardiovascular disease prevention.
A StreetInsider report suggests it is preparing to put a bid in for Amarin, hoping to tap into a sales boost for Vascepa (icosapent ethyl) based on the
REDUCE-IT trial, which found that the drug cut the risk of heart attacks and stroke by 25% in high-risk cardiovascular patients.
Pfizer takeover rumour ignites Amarin shares
the latest rumor is a 3 to 1 share buyout offer.
Before, the rumor was a buyout of anywhere from $30B to $80B, which is between, $75 and $200+ per share. CUrrent price is $17.
I actually sold off most of my portfolio last year and put it in this. Watch it go from $9 to $23, then back down to $12. I was hurting, but I held on and added more and more when i could.
If the BO offer end up equaling over $150 a share, I will prolly retire within 3 months, or so after it happens.