- Arena Pharmaceuticals (ARNA -1.4%) subsidiary Arena Pharmaceuticals GmbH enters into an exclusive marketing and supply agreement with Teva Pharmaceuticals' local subsidiary Abic Marketing Ltd. to market and distribute Belviq in Israel for weight loss or weight management in obese and overweight patients. Abic is responsible for regulatory approval.
- Arena receives an upfront payment, regulatory-related milstones plus a one-time purchase price adjustment based on Abic's annual net sales.