5 Best Debt Free Penny Stocks to Invest In

4. Amarin Corporation plc (NASDAQ:AMRN)

Number of Hedge Fund Holders: 15

Amarin Corporation plc (NASDAQ:AMRN) is a biopharmaceutical company based in Dublin, Ireland, focused on the commercialization and development of therapeutics to improve cardiovascular health. Vascepa (icosapent ethyl) is its first FDA approved product and is available in the United States by prescription.

During 2022, the company expanded the availability of its VASCEPA/VAZKEPA brand to five markets in Europe and entered the pricing negotiation stage in additional five markets. It also received regulatory approvals in Australia, Hong Kong, Bahrain, Puerto Rico, Saudi Arabia, New Zealand, and Switzerland for the product.

On March 1, Amarin Corporation plc (NASDAQ:AMRN) released its financial and operational results for Q4 2022. It generated a revenue of $90 million and a net income of $0.9 million. It also managed to deliver a positive free cash flow for the quarter following stabilization of its revenue in the United States.