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Arena Pharmaceuticals, Inc. Message Board

  • captainken07 captainken07 Mar 4, 2013 9:57 AM Flag

    TODAY'S REPORT MEANS ABSOLUTELY NOTHING!!!

    The report is based on milestone payments from Eisai! Another milestone coming soon. The company hasn't sold 1 pill yet! This report is only released because this is a public company and is required by SEC regulations. Until the DEA final ok, there will be no real revenues. But when the sales finally begin, a Blockbuster is born!!! Buy on the dips...
    ". The revenue increase in the full year ended December 31, 2012, was primarily due to the $20.0 million milestone payment from Eisai for the inclusion of the efficacy and safety data from the Phase 3 BLOOM-DM (Behavioral modification and Lorcaserin for O verweight and Obesity Management in Diabetes Mellitus) clinical trial in the FDA-approved prescribing information for Belviq."

    Sentiment: Strong Buy

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ARNA
1.75+0.13(+8.02%)May 27 4:00 PMEDT