I wonder what Eisai was doing at this conference. Lining up financing to buyout Arena? Or maybe Lionel was flown in as soon as it was discovered Bloomberg was doing an interview in order to shore up Jack...which he did. Jack did jump on that co-morbidity deal.
Since they are our partner and it is a Healthcare conference I guess it does make sense they would be there I suppose. I am glad that Bloomberg corrected themselves and did this interview. I did call them out yesterday and I hope others did as well when they had the obesity segment yesterday afternoon. This is what I wrote-
Your commentator just made an error in the obesity segment. She stated that
Arena was waiting on their obesity drug to be approved. They intended to say
Orexigen Therapeutics is waiting on their drug Contrave to be approved. Also,
you did not even mention that Arena's Belviq would be launching their product
this Friday. Why would you do a segment with incorrect information?? Please
correct this error to the public.
I think we must call out the media when they make such a blatant error. We have a lot to look forward to in the days ahead. Hold tight Longs.
Sentiment: Strong Buy