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Amarin cuts FY23 operating expense guidance to $270M-$285M from $290M-$305M
The Fly

Amarin cuts FY23 operating expense guidance to $270M-$285M from $290M-$305M

Amarin continues to make progress on reducing operating expenses and managing its cash position. The Company is now lowering operating expense guidance for the full year 2023 to the range of $270 million to $285 million from $290 to $305 million, reflecting additional identified cost savings along with timing of reimbursements. With the recent stable U.S. business revenues and recent cash preservation initiatives, Amarin reiterates its belief that current cash and investments and other assets are adequate to support continued operations, including European launch activities.

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