Amarin Plc Reports Revenue Progress and Strategic Updates in Q1 2024 Earnings Call

Wednesday, 1 May 2024, 15:00
Amarin Plc's Q1 2024 earnings call highlighted their substantial revenue decline in the U.S. market due to generic competition but maintained stable profitability. The company showcased significant progress in Europe, especially in Spain with a 91% increase in patients on therapy. Amarin extends IP protection until 2039, enhancing business value. Strategic focus on exclusive market leadership in the U.S. aims to support European growth and investments. Share repurchase plans up to $50 million approved, pending U.K. High Court approval.
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Amarin Plc Reports Revenue Progress and Strategic Updates in Q1 2024 Earnings Call

Revenue Progress in Q1 2024

Amarin Plc reported a decline in revenue in the U.S. market due to generic competition but maintained profitability, supporting European growth.

Strategic Updates in Europe

  • Spain demonstrated a 91% increase in patients on therapy, showcasing fast uptake.
  • The U.K. market saw a 28% increase in patients on therapy, reflecting a focused strategy approach.
  • IP protection extended until 2039 to enhance business value and future investments.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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