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Arena Pharmaceuticals, Inc. Message Board

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  • brandonuk03 brandonuk03 Mar 28, 2012 8:45 PM Flag

    CV Adcom impact on share price

    I think ARNA trades up to $5-6 going into ADCOM and I believe the days prior to ADCOM will be highly volatile which everyone hedging their bets (I doubt many hold all their position going into ADCOM). Look for a nice run up again, but a sell off just prior.

    As for the CV ADCOM, I feel a lot of the discussion was positive to ARNA's favor and potentially negative to VVUS (see VVUS AH shares sinking). I do believe the cardio trials will be required, but post-approval. I really can't see FDA dragging them around again.

    ARNA is safe either way as they already have plenty of cardio safety data.

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1.81+0.06(+3.43%)May 31 4:00 PMEDT