US biotech firm Amarin Corp (Nasdaq: AMRN) and Kowa Pharmaceuticals America, owned by Japan’s Kowa, have reached an agreement to co-promote Amarin's flagship product, Vascepa (icosapent ethyl) capsules, in the USA.
Vascepa is approved for use in the USA as an adjunct to diet to reduce triglyceride levels in adult patients with severe (>= 500mg/dL) hypertriglyceridemia. In bringing together two companies focused on the primary care and cardiovascular health communities, the agreement is designed to benefit a greater number of patients.
Vascepa was launched by Amarin in early 2013. Sales of the drug in 2013 resulted in net revenues for Amarin of around $26.4 million.
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