Amarin Corporation

Amarin Corporation

Dublin, Ireland· Est.
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Private Company

Total funding raised: $362M

Market Cap: $306.7MPipeline: 2 drugsFounded: 1989Employees: Under 500HQ: Dublin, Ireland

Overview

Amarin is a commercial-stage biopharmaceutical company whose mission is to reduce the global burden of cardiovascular disease (CVD). Its primary achievement is the development and commercialization of VASCEPA (icosapent ethyl), which gained a landmark FDA approval for cardiovascular risk reduction based on the pivotal REDUCE-IT outcomes trial. The company's strategy is centered on maximizing the global commercial potential of VASCEPA through geographic expansion, defending its intellectual property, and exploring lifecycle extensions, while its future hinges on navigating generic competition and executing this focused plan.

Cardiovascular DiseaseMetabolic Disorders

Technology Platform

Amarin's platform is its deep, proprietary expertise in the clinical science and lifecycle management of icosapent ethyl, a purified omega-3 fatty acid (EPA), built upon the landmark REDUCE-IT cardiovascular outcomes trial data.

Pipeline

2
2 drugs in pipeline
DrugIndicationStageWatch
Icosapent ethylCovid19Approved
Icosapent ethylCOVID-19Phase 2

Funding History

3
Total raised:$362M
PIPE$200M
Debt$100M
IPO$62M

Opportunities

The primary opportunity lies in the systematic geographic expansion of VASCEPA/VAZKEPA into ex-U.S.
markets where it holds patent protection and can command premium pricing.
Secondary opportunities include exploring lifecycle extensions for icosapent ethyl in specific high-risk populations and leveraging its strong outcomes data for continued guideline inclusion.

Risk Factors

Extreme concentration risk in a single product, severe and ongoing generic competition in the key U.S.
market, and a lack of a visible pipeline to drive long-term growth.
Execution risk in achieving profitable international commercialization is also significant.

Competitive Landscape

Amarin faces intense competition from generic icosapent ethyl, other prescription omega-3 therapies, and, increasingly, from newer cardioprotective drug classes like SGLT2 inhibitors and GLP-1 receptor agonists. Its main defense is the unique and robust cardiovascular outcomes data from the REDUCE-IT trial.

Company Timeline

1989Founded

Founded in Dublin, Ireland

1993IPO

IPO — $62.0M

2019Debt

Debt: $100.0M

2020PIPE

PIPE: $200.0M