Why Amarin Trounced the Market on Tuesday

Amarin (NASDAQ: AMRN) rose to end Tuesday nearly 5.1% higher after the company provided details from clinical studies of the components of its one commercialized drug. In the presentation, the biotech company's Chief Scientific Officer Steven Ketchum highlighted the company's pronouncement that in the REDUCE-IT study gauging the efficacy of its product, it "significantly reduced first and total primary and key secondary endpoint events by approximately 30% to 40% in patients with dyslipidemia." Speaking of the key ingredient in Vascepa, Ketchum said that "we are hopeful that our continued support of robust scientific presentation of the clinical effects and unique multifactorial mechanisms of action of icosapent ethyl will lead to a greater understanding and usage of this important product to help appropriate at-risk patients."