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Drugmaker Amarin rises as prelim Q4 revenue beats estimates



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** Drugmaker Amarin's AMRN.O shares rise 17.4% to $1.14 premarket

** Company reports prelim Q4 revenue between $72 mln and $74 mln, vs est $62.1 mln - LSEG

** Amarin's European business grew 65% in Q4 vs Q3, benefiting from launch of its heart disease drug Vazkepa in 3 additional markets, including Spain and the Netherlands, during the year

** Company's U.S. business retained its market share despite generic competition

** Amarin on track to deliver $40 mln of annual savings based on workforce reduction announced in July 2023, company says

** AMRN plans to start share buy-back program of up to $50 mln

** Company's shares fell 28.1% in 2023



Reporting by Puyaan Singh

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