(ARNA) Arena Pharma! (67% in June!)

[Toronto.gal]

That would be the non-FDA word.

This is their 2nd go at an approval, so if the company resolved the key 7 points discussed and reviewed at the Endocrinologic & Metabolic Drugs Advisory Committee this past May, then the resubmitted NDA 22529 shall be approved, if not, then not.

The #1 issue I would think, is whether the increase in valvular heart disease in patients tested with the drug was successfully resolved. The other key issue had been the tumour growth in rats, but which apparently was not the case in humans.

I say 2nd time around has a higher possibility of approval.

Not surprisingly, shares are dropping ahead of today's announcement.

[PMREdmonton]

Buy the rumour and sell the news on this one.

My big fear for the company is once the public sees the limited benefit of the drug they will abandon it. This means they will always have to be churning patients to get sales. This is not the magic bullet that many people are hoping for.

[Toronto.gal]

My big fear for the company is once the public sees the limited benefit of the drug they will abandon it.

I'm well positioned for either outcome as I bought the stock back in March.

Care to explain why, if approved, Lorcaserin or any other anti-obesity drug for that matter, will have limited benefits in your opinion? Or do you just mean Lorcaserin specifically?

After all, there is an obesity epidemic on a global scale, especially in NA, so I would think the market would be huge for a safe & effective drug, no?

And let us not forget all the other health problems that 'may' be caused by obesity.

Here are just some problems that I read about [not meant for you PMRE as you're an MD]:

- cancer
- coronary artery disease
- gallstones
- high blood pressure
- high cholesterol
- infertility
- joint problems
- liver disease
- mental stress
- menstrual abnormalities
- sleep apnea
- stroke
- triglycerides [excessive fat found in blood]
- type 2 diabetes............

[bigbadbull]

Just got approved, trading will resume 1:45 ET according to CNBC

Congrats to all those ARNA shareholders !!!

[Toronto.gal]

I noted my optimism on June 13th [on another thread]; lucky 13 I guess.

Congrats to anyone that had the stomach to hold until the end!

[Beaver101]

Including you ... congratulations! Was that a fun roller-coaster ride or not?

[Toronto.gal]

Not surprisingly, VVUS' shares are responding positively to the news as well, given their own drug is coming up for approval next month.

Edit: thanks Beaver! To tell you the truth, the learning experience was more fun than the $$$.

[Ihatetaxes]

The word was right.

[humble_pie]

the word may be right but tis the chapter that matters.

nay the entire volume shall rule at the end of the day.

one of the oldest publishing projects in the world is the assyrian dictionary. They've been working on it for nearly a century now. They still don't have the last word.

http://oi.uchicago.edu/research/projects/cad/

in arna, see how the share price has fallen since approval was announced & trading resumed this pm.

[Toronto.gal]

in arna, see how the share price has fallen since approval was announced & trading resumed this pm.

The FDA word is the only one that counts, and we got that today.

ARNA's stock was $2+ just this May [$1+ a year ago], so the approval was priced in already; had price not jumped 500% since May, we would probably have seen a higher increase than the 30% we saw today.

What is also very likely to follow, is a significant drop in price, for profit taking and other reasons.

The fact of the matter is that this sector is very complex and not for the faint of heart, it's that simple.

http://www.businessweek.com/news/201...dot-regulators