otcmagic's  Instablog

Send Message
My company:
My blog:
  • Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) Is A Stock Rocket! 0 comments
    Jun 18, 2012 3:36 PM | about stocks: ARNA

    Shares of Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) have exploded over the past few months on heavy speculation that the FDA will finally approve its obesity drug Lorcaserin. The Food and Drug Administration is expected to make its decision by June 27 and shares of the diet pill maker are seeing explosive gains!

    Back in 2010 the FDA rejected the drug citing a study that linked Lorcaserin to tumors in rats. This study has long since been discredited and is no longer an issue.

    Obesity has become a major healthcare disaster worldwide and it's even worse in the USA where two thirds of adults are overweight and one third is clinically obese. The market for weight loss drugs in the US alone is around $268 billion a year so it is easy to understand the massive potential for a drug like Lorcaserin. While current weight loss pills can reduce weight by an average of 5% a year, Lorcaserin is doubly effective and averaged 10% in trials.

    It's fairly obvious the investment community believes the FDA will approve Lorcaserin and I too support that theory. All the evidence that I have looked at suggest that the drug will easily be approved by a wide majority in the vote.

    ARNA is definitely one to watch this week and next and I would not be surprised to see shares continue to rise significantly.

    OTCMagic.com is quickly becoming the preeminent destination for up to date information on the hottest stocks in Penny stock World.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: ARNA
Back To otcmagic's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.