As Amarin stock drops, CEO says investors should 'understand our data better' [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters Amarin CEO John Thero shrugged off the stock's decline on Monday, telling CNBC that any investor concerned about its latest clinical trial should take a better look at the data. Shares of the biopharmaceutical company closed down 5.84 percent on Monday after hovering down roughly 7 percent much of the day. I think as people begin to understand our data better, they will appreciate that this drug does much more than lipid modification, Thero said on Power Lunch. Amarin shares finished the day at $19.82 after researchers began comparing the full study of the clinical trial for its fish oil capsule, Vascepa, released over the weekend, to September's preliminary results. The stock surged 300 percent after those early results, which showed the drug could reduce cardiovascular events by 25 percent. Shares of Amarin hit a high of $23.34 last Tuesday and are up more than 380 percent year to date. But researchers are concerned about wh
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