Shares of Arena Pharmaceuticals (ARNA -7.2%) continue Friday's downward trajectory after minutes...


Shares of Arena Pharmaceuticals (ARNA -7.2%) continue Friday's downward trajectory after minutes from the May 10th FDA panel on the company's obesity drug lorcaserin were posted, and don't show the in a favorable light. Many panelists appear to have voted yes, but only reluctantly.
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Comments (20)
  • Aloha96815
    , contributor
    Comments (18) | Send Message
     
    Seriously? Paraphrasing statements made by Adam F. as an outright conclusion is misleading. Did the panelist outright say that they were coerced into voting yes? Where did you obtain these set of facts, as you failed to even place a modifier such as allegedly or purportedly?
    25 Jun 2012, 04:09 PM Reply Like
  • novapharma
    , contributor
    Comments (69) | Send Message
     
    Agreed. This conclusion is laughable as the minutes of the AdCom meeting have been available since last Thursday. Even TheStreet.com is already on record as stating they believe that Arena's Lorcaserin (ARNA) will be fully approved by the FDA on Wednesday, 6/27.
    http://bit.ly/OhNG9U
    25 Jun 2012, 04:15 PM Reply Like
  • Day Trader001
    , contributor
    Comments (779) | Send Message
     
    nova,

     

    I'm glad you posted that! I just put his quote on the ARNA front page and link.

     

    Thanks..$
    25 Jun 2012, 06:31 PM Reply Like
  • J 457
    , contributor
    Comments (1000) | Send Message
     
    I have to agree as well, and I'm not an ARNA shareholder. SA, please be more responsible with your headlines.
    25 Jun 2012, 04:19 PM Reply Like
  • MexCom
    , contributor
    Comments (3069) | Send Message
     
    SEC take note. Please investigate if the source and the author bought into this decline after purposeful stock manipulation.
    25 Jun 2012, 04:19 PM Reply Like
  • paulvard
    , contributor
    Comments (127) | Send Message
     
    Who is this guy? A pump and dump artist? Ridiculous.
    25 Jun 2012, 04:23 PM Reply Like
  • tahalb
    , contributor
    Comments (261) | Send Message
     
    FREE Speech at its best. Thw US constitution is ashamed by A.holes like this...and AF ..These guys need to be rounded up,and have every obese or overweight person in America spit in their face. Thats what they deserve.
    25 Jun 2012, 04:31 PM Reply Like
  • gary gathman
    , contributor
    Comments (6) | Send Message
     
    This undocumented and irresponsible statement should be removed by Seeking Alpha.
    25 Jun 2012, 04:46 PM Reply Like
  • flashspeed119
    , contributor
    Comments (2) | Send Message
     
    Arna is going down. Just watch.
    25 Jun 2012, 04:54 PM Reply Like
  • als1zip
    , contributor
    Comment (1) | Send Message
     
    We knew this on May 10th. I am not saying approval or not approval but my 30 years dealing with the FDA I can only name a handful of times that an adcomm vote of this % was not approved by the fda for sale. IF you are a gambler maybe a good time to pick up shares but to rely on info that has been out over a month to make a decision is not rational.
    25 Jun 2012, 05:15 PM Reply Like
  • Day Trader001
    , contributor
    Comments (779) | Send Message
     
    Where in the minutes did it say reluctantly? I didn’t see it!
    25 Jun 2012, 05:19 PM Reply Like
  • WasabiMaster
    , contributor
    Comments (15) | Send Message
     
    Umm, why not link the minutes and let us make our own conclusions?

     

    Stating another's opinion as fact is just poor journalism.

     

    How on to your shares tomorrow boys & girls, looks like the raiders are out in force!

     

    Any of you longs holding out all this time and silly enough to sell before Wednesday deserves to have them sold to me on the cheap!
    25 Jun 2012, 05:34 PM Reply Like
  • Joncraig
    , contributor
    Comments (14) | Send Message
     
    I am a newbie to this About me. 6 handicap at my golf course... 5 hole in ones. Down the middle Jon worlds greatest putter chipabirdie...on my biz card,,,,,go arena please go..up. Just once I need a homerun. This year. And I did win 10,800 betting .56 cents on a penny slot. Home run hole in one
    25 Jun 2012, 05:40 PM Reply Like
  • BrandonUK07
    , contributor
    Comments (121) | Send Message
     
    The ADCOM transcript is not new news and most investors should have known what the voters said about lorcaserin. Geez. I can't wait for Wednesday to get here and all these bashing posts stop.
    25 Jun 2012, 05:46 PM Reply Like
  • rometheus
    , contributor
    Comments (3) | Send Message
     
    EMDAC 5/10/12 Mtg. Minutes, transcript, etc.

     

    http://1.usa.gov/H62zIT
    25 Jun 2012, 06:34 PM Reply Like
  • sid gold
    , contributor
    Comments (237) | Send Message
     
    A yes vote is a yes vote.
    A no vote is a no vote
    There are no reluctant votes there may be abstaining votes.Facts not fiction
    25 Jun 2012, 07:15 PM Reply Like
  • BOBH501
    , contributor
    Comments (7) | Send Message
     
    I listened to the commentary of the meeting and read the minutes. "Reluctantly" can only be the writers personal view and isn't supported by anything else. Please be factual in your reporting and commentary. This is a highly charged topic and honesty will help all of us decide our opinions.
    25 Jun 2012, 08:07 PM Reply Like
  • Day Trader001
    , contributor
    Comments (779) | Send Message
     
    I also wrote Fidelity regarding Adam’s positive publication on The street.com stating he thinks it "will be approved"!

     

    I don’t know if they will publish that also, they should for the benefit of their clients!

     

    Sure looks like the street plays both sides of the street!!!!
    25 Jun 2012, 08:17 PM Reply Like
  • AXIII
    , contributor
    Comment (1) | Send Message
     
    @ Sid Gold

     

    You are absolutely right. If there was any reluctance it was the person that didn't vote. "I didn't know I couldn't do that." I hope I don't see a "10 things in your home that will kill you!" headline on BBBY Market Currents when the stock is dropping...
    26 Jun 2012, 11:23 AM Reply Like
  • thsearfoss
    , contributor
    Comments (7) | Send Message
     
    I don't get how people like this make these statements. The FDA never says anything along the lines of, "well, we kind of like it but aren't sure," or "yea, we will probably approve this drug!' They aren't allowed to disclose information like BOBH501 is saying. It is all interpretations of writers and they need to be careful in the way they say things. They pass the information along without placing modifiers where they are due.
    26 Jun 2012, 04:34 PM Reply Like
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