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More on Arena Pharmaceuticals (ARNA): Q2 EPS comes up short but beats top line estimates. Total...
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Thursday, August 9, 2012, 4:22 PM ETMore on Arena Pharmaceuticals (ARNA): Q2 EPS comes up short but beats top line estimates. Total revenue jumped over 500% Y/Y, however the increase was primarily the result of the $20M milestone payment earned under its marketing and supply agreement with Japanese drug maker Eisai. Bottom line results were hit by higher losses from the revaluation of derivative liabilities. Shares -3.6% AH.
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This news story has 7 comments:
Still, stay long and strong.
That thought makes me laugh and puke. This makes a lot more sense that Belviq will be manufactured and will be prescribed by doctors for a program of health benefit.
There is a need for folks who suffer from Type II Diabetes or are at risk to become, this new drug could help folks who respond to it's benefits.
ARNA doubles going into the end of the year. This is an early retirement stock. Get in now or miss out again.
Other than the 20M, no impact from approval. The real story will be revealed in 2013. Long ARNA and riding it out and reloading on dips like this.