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Amarin Raises $100M Debt Funding As It Preps For Vascepa Launch

 
• By Paul Bonanos

With no partner or buyer ready to complete a transaction, Amarin prepares to market an approved fish-oil pill on its own. A new hybrid debt vehicle will tide it over until it receives more clarity around an NCE designation and a second indication, which it hopes could eventually lead to a deal.

Cardiovascular drug developer Amarin Corp. PLC has said all along that it would mull three options for the launch of FDA-approved fish-oil pill Vascepa (icosapent ethyl): sell, partner, or go it alone. With a new debt deal that supplies $100 million in fresh cash to the company, Amarin is preparing itself for the last of the three.

Dublin, Ireland-based Amarin said Dec. 6 that it had raised the non-dilutive capital through Pharmakon Advisors, calling it a “hybrid...

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More from North America

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