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Amarin Appoints Mark W. Salyer to New Position of Chief Commercial Officer

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3.2 from 6 votes
Wednesday, September 13, 2017

Amarin Corporation plc (NASDAQ:AMRN) announced that Mark W. Salyer has joined Amarin as Chief Commercial Officer. In this newly created position, Mr. Salyer will work to build on the company's recent revenue growth and lead future global commercial expansion plans and execution, particularly related to the anticipated landmark REDUCE-IT cardiovascular outcomes trial results. Mr. Salyer has broad U.S. and international experience helping to grow commercial operations and revenue at both large and small companies. He has managed highly successful business units and launched multiple industry-leading brands.

"Mark brings a strong track record of success coupled with valuable experience and proven leadership to our management team to help drive our anticipated expansion," said John F. Thero, President and Chief Executive Officer of Amarin. "We expect Mark's driven, people-oriented, hands-on approach to work well with our existing commercial organization to help build on our growth. Amarin remains on track to reach record product revenues of $165 to $175 million in 2017. The timing of Mark's appointment as CCO aligns with our anticipation of results from the important REDUCE-IT cardiovascular outcomes trial expected in Q2 or Q3 of 2018."

Most recently, Mr. Salyer was at Teva Pharmaceuticals as Executive Vice President and General Manager of Teva Respiratory, LLC. At Teva, he guided the formation of this branded products division. Under Mr. Salyer's leadership, the division grew consistently for more than 10 years to revenue exceeding $1 billion, propelling Teva to among the leaders of the respiratory market. Prior to Teva, Mr. Salyer held senior level commercial positions at Glaxo SmithKline and Altana Pharma AG, where he successfully led commercial growth at each organization. Mr. Salyer holds a B.S. from Virginia Tech and an M.B.A. from Duke University's Fuqua School of Business, and is a CPA.

"I am delighted to join Amarin at this exciting time," said Mr. Salyer. "I am impressed by the opportunity presented by Vascepa® and by the people I've met at Amarin. Amarin's success to date is undisputable and the future holds substantial opportunities for even greater growth, in particular with the potentially game-changing REDUCE-IT cardiovascular trial results forthcoming. The opportunity to lead the commercial team at a company on the cusp of an anticipated new frontier in preventive cardiovascular therapy was too compelling an opportunity to not seize, especially given the staggering mortality, morbidity and costs of care among the affected patient population."

About Vascepa® (icosapent ethyl) capsules

Vascepa® (icosapent ethyl) capsules are a single-molecule prescription product consisting of the omega-3 acid commonly known as EPA in ethyl-ester form. Vascepa is not fish oil, but is derived from fish through a stringent and complex FDA-regulated manufacturing process designed to effectively eliminate impurities and isolate and protect the single molecule active ingredient. Vascepa is also known in scientific literature as AMR101. Amarin has been issued multiple patents internationally based on the unique clinical profile of Vascepa, including the drug's ability to lower triglyceride levels in relevant patient populations without raising LDL-cholesterol levels.

FDA-Approved Indication and Usage

Vascepa (icosapent ethyl) is indicated as an adjunct to diet to reduce triglyceride (TG) levels in adult patients with severe (≥500 mg/dL) hypertriglyceridemia.
The effect of Vascepa on the risk for pancreatitis and cardiovascular mortality and morbidity in patients with severe hypertriglyceridemia has not been determined.

Important Safety Information for Vascepa

Vascepa is contraindicated in patients with known hypersensitivity (e.g., anaphylactic reaction) to Vascepa or any of its components.
Use with caution in patients with known hypersensitivity to fish and/or shellfish.
The most common reported adverse reaction (incidence &#62 2% and greater than placebo) was arthralgia (2.3% for Vascepa, 1.0% for placebo). There was no reported adverse reaction &#62 3% and greater than placebo.
Patients receiving treatment with Vascepa and other drugs affecting coagulation (e.g., anti-platelet agents) should be monitored periodically.
In patients with hepatic impairment, monitor ALT and AST levels periodically during therapy.
Patients should be advised to swallow Vascepa capsules whole; not to break open, crush, dissolve, or chew Vascepa.
Adverse events and product complaints may be reported by calling 1-855-VASCEPA or the FDA at 1-800-FDA-1088.

FULL VASCEPA PRESCRIBING INFORMATION CAN BE FOUND AT WWW.VASCEPA.COM.

Vascepa has been approved for use by the United States Food and Drug Administration (FDA) as an adjunct to diet to reduce triglyceride levels in adult patients with severe (≥500 mg/dL) hypertriglyceridemia. Vascepa is under various stages of development for potential use in other indications that have not been approved by the FDA. Nothing in this press release should be construed as promoting the use of Vascepa in any indication that has not been approved by the FDA.

About Amarin

Amarin Corporation plc is a biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health. Amarin's product development program leverages its extensive experience in lipid science and the potential therapeutic benefits of polyunsaturated fatty acids. Amarin's clinical program includes a commitment to an ongoing cardiovascular outcomes study. Vascepa® (icosapent ethyl), Amarin's first FDA approved product, is a highly-pure, omega-3 fatty acid product available by prescription. For more information about Vascepa visit www.vascepa.com. For more information about Amarin visit www.amarincorp.com.

Source: Amarin Corporation plc
3.16666666667
3.2 from 6 votes
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