Arena Pharmaceuticals Jumps 8% On Successful Obesity Drug Phase III Results

Arena Pharmaceuticals (NASDAQ:ARNA) rose 7.8% premarket following news that its phase III clinical trial of its lorcaserin obesity drug showed statically significant weight loss among its patients with Type 2 diabetes. That being said, it still may not be sufficient in satisfying requirements in order to get the FDA’s approval, which has been extremely tough on obesity drug applications. On September 17, 2010, Arena Pharmaceuticals (NASDAQ:ARNA) was downgraded to Neutral from Overweight at Piper Jaffray. The stock is trading at .53 which is 23.12% lower than the downgrade price of .99.

美国肥胖率升势趋缓但挑战犹存
Arena的lorcaserin已在2010年被食品和药物管理局否决,原因是使用小白鼠进行研究后的结果表明,这种药物可能存在引发脑瘤的风险。但后续研究表明,这种药物对人脑和鼠脑的影响要小,因此食品和药物管理局已经接受了
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Arena Pharmaceuticals (ARNA) Upgrade Alert

Arena Pharmaceuticals (NASDAQ:ARNA) upgraded to Overweight from Neutral, target, at JPMorgan. The stock closed yesterday at .93 on volume of 58748800 shares, above average daily volume of 3508621. Arena Pharmaceuticals is currently above its 50-day moving average of .22 and above its 200-day moving average of .42. SmarTrend is bullish on shares of ARNA and our subscribers received an Uptrend alert on July 01, 2010 at .47, which has returned 13.3% to date.
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s US division, reported that the US Food and Drug Administration approved their resubmitted latest drug application for antiobesity drug lorcaserin, surging Arena;s shares higher 8.7% on Tuesday. Shares of Arena were trading down -4.00% to 1.68 on
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