Dont expect launch on Monday. Hope I'm wrong but spoke to Arena and....
And was told today: "The DEA is currently in the process of addressing the comments it received during the 30 day comment period. Unfortunately they do not provide a timeline on how long this step of the process takes. Once finalized, the DEA will publish their scheduling designation in the Federal Register and Eisai will launch BELVIQ in the US."
So really no change and kinda put a damper on the fire for Monday. I will be #$%$ if Monday sees just an earnings CC and no news to hang our hats on. That would be a typical Jack move unfortunately but one I fear is coming. I bet pps rises from now to Friday and then is shorted all the way back down Monday.
Wish I had more pebbles to play this game with them but im longgg in ARNA. Jack we need a break here I hope you have something up your sleeve other than "we expect to launch soon" and "we are talkign to partners."
I would like to say that the answer Malph says he received is the exact same answer I got from 2 different sources regarding the same DEA issue. Eisai is waiting on pins and needles for the DEA to get off their butts and get this scheduled.
I also do not believe CC is anything morer then a CC regarding earnings, unless DEA makes their final ruling between now and Monday
Guys, even if ARNA has an unofficial read from DEA about when the process will end (which is possible in my view), they could not say that to anyone ahead of the DEA publishing in the FR. Who know what ARNA knows? The point is that whatever ARNA knows, they can't say... Further speculation based on what their IR folks say, or don't, is pointless.
Sorry, but there is no useful information in what ARNA IR told you, and your inferences from it are flawed. ARNA is not legally allowed to pass on market sensitive information down the phone to a single investor, so they gave you a boilerplate answer paraphrased as "we don't know, thanks for asking, we'll let everyone know when we know". Did you really expect ARNA to say anything else to you over the phone?
As to what happens on Monday, we will find out, on Monday. What you have posted has no bearing on whether the chances of hearing good news has changed; it hasn't.
I think its highly unlikely that DEA will finalize before Monday the 4th going by what has transpired thus far. CC is pre market so the actual 4th of March is not a factor so if it doesnt post in the next 2 days then its definitely not a factor for Monday, which will be a regular earnings CC.
I also doubt that the DEA will have given them a heads up on finalization and effective date enough in advance for them to be prepared to launch or announce launch on Monday. If they dont grant the 30 day waiver then this will be another month of frustration and manipulation to April.
Jack and Arena need to work on their PR skills at least