Amarin optimistic about potential for heart med Vascepa
In a business update, cardiovascular specialist Amarin (Nasdaq: AMRN) said the market opportunity for its heart medicine Vascepa (icosapent ethyl) is larger than previously thought.
The firm has increased its net total revenue guidance for 2019 to a range of $380 million to $420 million. This is down to estimated higher revenues for the second quarter, and assumes expanded Food and Drug Administration labelling.
Net total revenue for the first half of 2019 is estimated to be around $170 million. Following the update, shares in the firm finished up around 16% on Tuesday.
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