Amarin Announces Board Departures
March 06 2023 - 04:05PM
GlobeNewswire Inc.
Amarin Corporation plc (NASDAQ: AMRN) (“Amarin” or the “Company”)
today announced that, in the interest of the Company to avoid
further proxy contests, all seven independent non-Sarissa board
members: Adam Berger, Erin Enright, Geraldine Murphy, Kristine
Peterson, Dr. Murray Stewart, Jan van Heek and Alfonso “Chito”
Zulueta will resign from the Board of Directors, effective
immediately.
The departing members of the Amarin Board issued the following
statement:
Following the 2023 Special Meeting of
Shareholders, we have made the decision to resign from the Amarin
Board. Amarin shareholders have strongly backed Sarissa and its
slate of directors, and we are stepping down to allow Sarissa, as
it has requested, to gain immediate control of the Company. We
continue to believe in Amarin’s value potential, and are confident
we leave the Company with a strong leadership and management team.
We wish the new Sarissa directors good luck as they attempt to
realize additional shareholder value.
About AmarinAmarin is an innovative
pharmaceutical company leading a new paradigm in cardiovascular
disease management. From our foundation in scientific research to
our focus on clinical trials, and now our commercial expansion, we
are evolving and growing rapidly. Amarin has offices in
Bridgewater, New Jersey in the United States, Dublin in Ireland,
Zug in Switzerland, and other countries in Europe as well as
commercial partners and suppliers around the world. We are
committed to increasing the scientific understanding of the
cardiovascular risk that persists beyond traditional therapies and
advancing the treatment of that risk.
Forward-Looking StatementsThis press release
contains forward-looking statements which are made pursuant to the
safe harbor provisions of securities laws, including the Private
Securities Litigation Reform Act of 1995, including beliefs about
the future of Amarin. These forward-looking statements are not
promises or guarantees and involve substantial risks and
uncertainties. A further list and description of these risks,
uncertainties and other risks associated with an investment in
Amarin can be found in Amarin’s filings with the U.S. Securities
and Exchange Commission, including Amarin’s annual report on Form
10-K for the full year ended December 31, 2022, and its other
filings, including its quarterly reports on Form 10-Q and current
reports on Form 8-K. Existing and prospective investors are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date they are made. Amarin
undertakes no obligation to update or revise the information
contained in its forward-looking statements, whether as a result of
new information, future events or circumstances or otherwise.
Amarin’s forward-looking statements do not reflect the potential
impact of significant transactions the company may enter into, such
as mergers, acquisitions, dispositions, joint ventures or any
material agreements that Amarin may enter into, amend or
terminate.
Amarin Contact InformationSteve Frankel / Andi
Rose / Tali EpsteinJoele Frank, Wilkinson Brimmer
Katcher212-355-4449
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