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Name | Symbol | Market | Type |
---|---|---|---|
Amarin Corp PLC | NASDAQ:AMRN | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.03 | -3.06% | 0.95 | 0.95 | 0.9964 | 1.03 | 0.957 | 0.98 | 648,108 | 23:58:41 |
By Everdeen Mason
Amarin Corp. (AMRN) filed a complaint Tuesday against rival Omthera Pharmaceuticals and its owner AstraZeneca Pharmaceuticals LP (AZN), claiming that its soon-to-launch cholesterol drug Epanova violates one of Amarin's patents.
Amarin said the U.S. Patent and Trademark Office issued it a patent that covers methods of lowering triglycerides by administering a pharmaceutical composition that includes amounts of EPA as free acid and no more than about 30% DHA. The biopharmaceutical company said the upcoming launch of Epanova, a treatment for patients with severe hypertriglyceridaemia, violates that patent.
A representative from AstraZeneca wasn't available for comment.
Omthera, acquired by AstraZeneca last year, submitted a new drug application to the U.S. Food and Drug Administration for Epanova last year, and received approval in September.
Amarin said in a Securities and Exchange filing Tuesday that it intends to pursue litigation vigorously and will aggressively protect its intellectual property rights.
Amarin and AstraZeneca shares closed Monday at $1.73 and $66.90 a share respectively, and were inactive premarket.
Write to Everdeen Mason at everdeen.mason@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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