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  4. Innovation Pharmaceuticals Inc (IPIX) Message Board

Interesting speculation by CITI on AMRN today:

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Post# of 72447
(Total Views: 397)
Posted On: 09/24/2018 1:53:47 PM
Posted By: AlanC
Re: scgmck1 #49216
Interesting speculation by CITI on AMRN today:

Citi sees another 5x upside in Amarin
Sep. 24, 2018 11:53 AM ET|By: Stephen Alpher, SA News Editor
Amarin (NASDAQ:AMRN) has skyrocketed more than 200% to $10.15 today after its fish oil capsule showed big benefits in a trial of more than 8K patients with elevated risk of heart issues.

Assuming the expanded REDUCE-IT label is granted, Citi sees peak sales of a whopping $2.7B. That assumes only about 2M of the 50B-70B eligible patients are treated. The team there sees upside to $50 per share, with Amarin being a strong acquisition target. Source: Notable Calls

Also on the move on the news is Acasti Pharma (ACST +26.9%), whose heart pill candidate CaPre is mostly made up of omega-3 fatty acids.

Previously: Amarin reports positive results from REDUCE-IT study; shares up 307% premarket (Sept. 24)

If they are worth $50.00 in a buyout with a single drug just imagine what we will be worth with multiple blockbusters! Just goes to show how undervalued we are at this time. Go IPIX!!!


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