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Arena Forecast

|Includes: Arena Pharmaceuticals, Inc. (ARNA)

I got a communication today that I thought was very interesting:

"Arena can not forecast the sales of another company - Therefore no guidance"

I referred this person to various 10k filings as well as the agreement between Arena and Eisai. Simply stated, Arena MANUFACTURES Belviq based on sales estimates PROVIDED TO ARENA by Eisai.

End of Discussion

Disclosure: The author is long ARNA.