Article: Amarin Announces Completion of $70 Million Private Placement.

Amarin Corporation plc (NASDAQ: AMRN) announced it has closed its $70 million private placement. The transaction was led by existing investor, Fountain Healthcare Partners, on behalf of funds affiliated with other existing investors Sofinnova Ventures, Orbimed Advisors and Longitude Capital. The new investor group was led by funds affiliated with Abingworth LLP and included APG Asset Management, Great Point Partners, Tavistock Life Sciences Company and RA Capital. Cowen and Company, LLC acted as the exclusive placement agent for the transaction.

As previously announced, Mr. Thomas Lynch will step down as Chief Executive Officer (CEO) and maintain his position as ...

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