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Why Amarin Stock Is Sinking Today

TheMotleyFool

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Shares of Amarin (NASDAQ: AMRN) were 10.4% lower as of 11:20 a.m. EDT on Tuesday. The decline came after the drugmaker announced that John Thero plans to retire as president and CEO effective Aug. 1.

It's not unusual for changes at the CEO level to cause a biotech stock to fall, especially when the CEO's departure is unexpected. But in this case, there don't appear to be any yellow flags with Thero stepping down.

Image source: Getty Images.

Source Fool.com

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