They said they pulled their application to MAKE SURE they answer CHMP's question right and GET APPROVAL!?!?! Seems like it will be better toget EU Approval in a year then NEVER right? This is a LONG TERM Hold we are fine and this is a knee jerk reation. IF I had more cash I would buy here, isnt that when WARREN BUFFETT BUYS????
THIS is when instituion START buying like crazy they all know we will sell Belviq 10times more then q!! Lets get real there was only a minor road bump which has now allowed the tutes to finally change sides for GOOD!!!
Sentiment: Strong Buy
agreed, i think it is a good move on arena's part to finish business in u.s., mexico, switz, korea, then get the eu. Don't think this is a big deal, the opportunity is still there. in 2010 after arena got its crl, they stopped research on their other phase 1 drugs to focus on belviq. belviq was approved, so i believe this move will bear itself out in the long run. what changed today? they pulled the eu appl., nothing else changed. Rome was not conquered in one night. Lots of bloody battle still left to fight.