The Government Shutdown Won't Stop This FDA Meeting

We may be in the midst of one of the biggest biotech bull markets in history, but shares of controversial biotech company Amarin have plunged more than 40% in the past 12 months. A number of issues have pressured shares, ranging from question marks over the market exclusivity of the company's fish-oil drug Vascepa to emerging generic competition. Despite this drop, Amarin has the opportunity to prove the naysayers wrong this month during an FDA advisory committee meeting that may recommend expanded approval for Vascepa.

The company announced last week that the government shutdown wouldn't change the date of this meeting, so investors should be prepared for this major catalyst. In the following video, analysts David Williamson and Max Macaluso discuss the significance of this meeting to Amarin's business and also examine competition from GlaxoSmithKline's Lovaza and AstraZeneca's experimental fish-oil pill, Epanova.

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The article The Government Shutdown Won't Stop This FDA Meeting originally appeared on Fool.com.

David Williamson owns shares of Amarin and Facebook. Max Macaluso, Ph.D. owns shares of Apple. The Motley Fool recommends and owns shares of Amazon.com, Apple, Facebook, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Chas Holman

Gee, I thought they said this was about the Affordable Care Act, to illustrate how bad it would be for the country, now they are willing to negotiate ANY cuts instead.

The Speaker says he doesn't have the votes, so he wont ALLOW a vote.. just one angry lost soul, who up until just now allowed 42 votes to repeal the Affordable Care Act full well knowing he never had the votes, and a guy who has sent bill after bill to the Senate knowing it doesn't have the votes.

I am not a Democrat, but one doesn't have to be a Democrat to despise with every fiber of their body, what the modern Republican party has become.

This is a GOP MANUFACTURED economic disaster.

That's the way I see it, everyone else's own mileage may vary.

October 06 2013 at 11:42 PM Report abuse rate up rate down Reply