Biopharma company Amarin limped into the new year as its shares slid a massive 34% in December. The Food and Drug Administration's indecision with regard to Vascepa's New Chemical Entity status is an issue that has weighed heavily on the stock over the past few months. The main catalyst in December, however, was Amarin's decision to hire a sales force and move forward with the commercial launch of Vascepa. This decision left investors wondering if the buyout speculation involving major players like AstraZeneca and Teva were in fact just rumors, or if Amarin still has a chance of nabbing a big pharma partner with a massive marketing team.
In this video, our analysts Max Macaluso and Brenton Flynn discuss why Amarin shares suffered last month.
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The article What Hurt Amarin's Shares in December? originally appeared on Fool.com.
Brenton Flynn, Max Macaluso, Ph.D., and The Motley Fool have no positions in the stocks mentioned above. Motley Fool newsletter services recommend GlaxoSmithKline. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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