Now an attractive time to buy Amarin shares, says Citi - InvestingChannel

Now an attractive time to buy Amarin shares, says Citi

Citi analyst Joel Beatty continues to believe Amarin’s Vascepa will likely be granted a cardiovascular risk reduction label shortly after the FDA panel meeting scheduled for November. This makes now an attractive time to buy the stock, Beatty tells investors in a research note. During a recent fireside chat, Amarin CEO John Thero highlighted two major upcoming sales inflection points, says the analyst. The first is the promotion of an expanded CV risk reduction label and the second is direct-to-consumer marketing, which the company expects to be able to begin six months after a label expansion, Beatty points out. The analyst believes this is likely to be a “powerful tool for patent education and physician education.” He keeps a Buy rating on Amarin.