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Biotech / Medical : Arena Pharmaceuticals (ARNA)
ARNA 99.990.0%Mar 15 5:00 PM EST

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From: Harold Engstrom7/13/2016 8:24:58 AM
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Arena has 3 programs that is it now focused on: S1P/Ulcerative Colitis candidate (APD334/Entrasimod), for their Pulmonary Arterial Hypertension candidate (APD811/Ralinepag,) and its pain and fibrosis CB2 candidate (APD371.)

Entrasimod and Ralinepag will have P2 results before next April (scheduled anyway.) Both look promising.

The company recently scaled R&D way back and cut costs to the bone after Eisai pulled back its commitment to selling Arena's Belviq serotonin anti-obesity medication to the bare contractual minimum.

There is still a chance that Belviq could succeed, but it will have to wait for CVOT (cardio-vascular outcomes trial) results in 2018. This huge 5 year study is meant to verify that the fenfluramine-phentermine CV issues ascribed to fenfluramine do not also manifest with lorcaserin (Belviq.) If CVOT trials prove that use of Belviq improves CV outcomes then perhaps it can become a successful drug and Eisai or another company will commit to selling.

Recently, Arena registered a shelf. It may execute one any time (hopefully after news give the stock a little push.)
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