Amarin Pulls Back Sales Force Amid Coronavirus Pandemic
Biopharma company Amarin's (NASDAQ: AMRN) recently approved fish-oil-based drug, Vascepa -- its sole product -- is expected by many analysts to become a blockbuster treatment for people at risk of heart attacks and strokes. However, with the COVID-19 pandemic dominating most people's concerns, the company announced Monday that it would be withdrawing its field sales force until March 30.
The biotech company had originally planned to heavily promote Vascepa in 2020, and had doubled its sales force to around 800 in preparation for the expected sales push. However, many analysts are now expecting that Vascepa sales will flatten or possibly decline in the next quarter or two as COVID-19 holds the attention of patients and physicians, and worries like high triglycerides seem less pressing.
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Source Fool.com
