Amarin Corp. received U.S. approval to market its drug Vascepa to reduce the risk of cardiovascular events in people with high triglyceride levels, according to the Food and Drug Administration late Friday. Hours before the announcement, U.S.-traded shares had been halted at $24.12 at 10:06 a.m. Eastern and have yet to resume activity. "Vascepa is the first FDA approved drug to reduce cardiovascular risk among patients with elevated triglyceride levels as an add-on to maximally tolerated statin therapy," the agency said in a statement. Vascepa was originally approved in 2012 to treat patients with severely high triglyceride levels. ADRs of Dublin-based Amarin are up 77% year-to-date, compared with a 26% rise in the S&P 500 index
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



More...