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Amarin Fights Flames Of Investor Unrest

Confident Of European Growth For Vazkepa

 
• By Kevin Grogan

Derided by largest shareholder Sarissa as ‘dawdling’ and ‘lackadaisical,’ the board at Amarin has come out fighting, saying that a strategy of growing its heart drug in Europe will pay dividends.

Nero
The Amarin board has been likened to Nero Fiddling While Rome Burned • Source: Shutterstock

Amarin Corporation plc is busy shifting its focus toward expanding in Europe to improve access for its purified fish oil product Vazkepa but the company's management is under fire from its largest shareholder that has compared the leadership to the emperor Nero fiddling away while Rome burned.

The image was conjured up by Sarissa Capital Management which has issued a scathing statement regarding ongoing discussions with Amarin about board representation. The activist investor began by claiming: "Amarin’s board seems to be trying to outdo the misguided leadership of the Roman Emperor Nero who played his lyre while Rome was engulfed in flames

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