Brief: Amarin Implements Organizational Restructuring To Strengthen The Company While Driving Patient Access To Vascepa/Vazkepa Globally

Amarin

18/07/2023 21:47

July 18 (Reuters) - Amarin Corporation PLC  AMRN.O :
    * AMARIN IMPLEMENTS ORGANIZATIONAL RESTRUCTURING TO
STRENGTHEN THE
COMPANY WHILE DRIVING PATIENT ACCESS TO VASCEPA®/VAZKEPA®
GLOBALLY
    * AMARIN CORPORATION PLC - EXPECTS RESTRUCTURING TO DRIVE
ANNUAL
COST SAVINGS OF APPROXIMATELY $40 MILLION
    * AMARIN CORPORATION PLC - MAXIMIZES CASH FLOW OPPORTUNITY
THROUGH
STREAMLINED MODEL IN U.S.
    * AMARIN CORPORATION PLC - IMPLEMENTING A REDUCTION IN FORCE
OF
ALL U.S. SALES FORCE POSITIONS AND APPROXIMATELY 30% OF
NON-SALES ROLES
    * AMARIN CORPORATION PLC - Q2 END CASH POSITION WAS $313
MILLION
VERSUS $304 MILLION AT END OF Q1
    * AMARIN CORPORATION PLC - Q2 PRODUCT REVENUE OF
APPROXIMATELY $65
MILLION

Source text for Eikon:  ID:nGNE7QKvjF 
Further company coverage:  AMRN.O 

 (Reuters.Briefs@thomsonreuters.com)