In a phase 3 trial dubbed Marine, the highly purified and concentrated fish oil lowered triglyceride levels by as much as 33%, without raising "bad" LDL cholesterol levels.
Amarin is running another phase 3 trial called Anchor -- can you see the aquatic theme? -- with patients who have intermediately high triglyceride levels. Passing that trial without any hiccups could put AMR101 in the multibillion-dollar drug category. The moderately high triglyceride market is huge. It's not like Americans eat very well. Just look at sales of Pfizer's
Assuming the drug passes the Anchor trial, the biggest issue I see with AMR101 is the patent protection. Amarin says this trial could extend patent claims out to 2030, and the company lists a disease-specific patent that expires in 2021 on its website. Method-of-use patents are a lot easier to break than composition of matter patents. The biggest long-term winner from AMR101 may turn out to be generic-drug makers.
Investors can worry about that at a later date, though. For now, enjoy the run upward, and look for a little more if the Anchor trial turns up positive next year.
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