Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Amarin Stock Is Sinking Today

TheMotleyFool 
0 0 19.07.23
Why Amarin Stock Is Sinking Today: https://g.foolcdn.com/editorial/images/740399/downsizing.jpg
 

Shares of Amarin (NASDAQ: AMRN) were sinking 22.7% as of 10:56 a.m. ET on Wednesday. The steep decline came after the drugmaker announced an organizational restructuring after the market close on Tuesday.

Amarin said that it plans to cut all of its U.S. sales force and around 30% of non-sales positions. The company said that it's going to "redesign its commercial infrastructure in Europe," and it is also focusing on boosting sales through its international partnerships.

The drugmaker named Patrick Holt as its new president and CEO, effective immediately. Holt previously was head of Cordis, Cardinal Health's interventional cardiovascular business. He replaces interim CEO Aaron Berg, who will remain with Amarin in a senior leadership position.

Continue reading


Source Fool.com

Amarin Corp. ADR Stock

€0.74
-2.050%
We can see a decrease in the price for Amarin Corp. ADR. Compared to yesterday it has lost -€0.015 (-2.050%).

Show more
Like: 0
AMRN
Share

Comments

Not a member yet? Sign up for free!