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Vaishali Prayag

Amarin Shares Surge After $175M European Licensing Deal For Heart Drug VAZKEPA

Europe United States

Genetic,Research,And,Biotech,Science,Concept.,Human,Biology,And,Pharmaceutical

Amarin Corporation (NASDAQ:AMRN) shares are trading higher Tuesday after the company announced a long-term exclusive license and supply agreement with Recordati S.p.A. to commercialize its cardiovascular drug VAZKEPA (icosapent ethyl) across 59 countries in Europe.

What To Know: Under the terms of the deal, Amarin will receive $25 million in upfront cash and up to $150 million in additional milestone payments, tied to commercial net sales targets. Recordati will handle all commercialization activities for VAZKEPA in Europe.

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