Amarin Corporation PLC (AMRN) Plummets After Fish Oil Pill Fails to Win Backing; Stock Down -61.12% at Market Close (October 17, 2013)
10/17/2013 7:40:03 AM
Amarin Corp. lost more than half its value in early trading after the company failed to win the backing of U.S. advisers to expand use of its fish-oil pill Vascepa for those with high levels of fat in their blood. Amarin’s American depositary receipts fell 62 percent to $1.97 at 7:52 a.m. New York time. The company had already dropped 54 percent in the 12 months through Oct. 15. Trading was halted yesterday during the advisory panel meeting.
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