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Trading List: May 22 - Updates & Analyst Actions - AMRN

$AMRN - On our trading list. Roth Capital says buy the dip in Amarin shares after a generic company gets FDA approval for a generic version of Vascepa.

Roth Capital says buy Amarin as at-risk generic launch unlikely

While Amarin (AMRN) is trading lower after Hikma Pharmaceuticals (HKMPF) announced the first FDA approval for a generic Vascepa, there is a low likelihood of an at-risk launch, Roth Capital analyst Yasmeen Rahimi tells investors in a research note. When combined with Amarin's "position of strength in its expedited appeals argument," the selloff today presents a buying opportunity, contends the analyst. Rahimi sees a low likelihood of an at-risk launch due to the potential liabilities on an appeal loss as well as the complexity of manufacturing. The analyst keeps a Buy rating on Amarin with a $31 price target.

Our Take:  We think Amarin is already low enough that the risk to reward ratio is in the favor of owning the stock.

$AMRN, Amarin Corporation plc / H1

Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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