Amarin (AMRN) shareholder JEC Capital Partners and some of its affiliates urged the company's board in an open letter Wednesday to undergo a strategic review to maximize shareholder value.
The shareholder group, which owns around 15 million shares in Amarin, said in the letter that company's share price has dropped from $2.03 in February 2023 to $0.43 currently.
The investment firm also said that the company has not executed on a share repurchase of up to $50 million it had announced at the start of 2024.
Amarin did not immediately reply to a request for comment from MT Newswires.
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