Gentleman, I have been in the market 50 plus years, but I am a long and have many friends in the Medical world that believe in this drug. Let all come to pass and disregard the comments from the shorts as it will all be the one to catch on the way up..............You all must stay the course and Good Luck to all us longs.
Sentiment: Strong Buy
The tell tale for me that EMA approval wasn't going to happen this month is the fact that Arena has not closed a deal with EU distributor as yet. Arena management are the only ones whom really know where the clock is currently at. I'd think that they would be working to have a distributor in place and ready to go when the approval happens.
Sentiment: Strong Buy
Prac a Smack!
Lorcaserin shows up in BOLD in the 14\5\2012 PDF applications file for medicines under evaluation. 210 days plus 4 months of potential clock stoppage puts their chmp opinion date at April 2013 MINIMUM!
Arena will get their positive opinion, just not for another few months.
Jeezopeezo, listen to bass already! He knows his sheet!
YOU DONT KNOW SHEET! Trying to get the timeline straight is wrong for arna....stoppage of four months would have to be PR from arna because it would be material and this kind of stoppage would not be good for approval at all, this would require a face to face...Stoppage for loi that are not big would only take a month or less to complete, not four months....If I thought that there was a four month stoppage I would sell the stock right now! You sir are ignoring PRAC and the 30 million shares traded on the 8th...Listen to DOGFROMHELL he will set you straight! plus the 120 was answered by arna in oct. per audit, plus Jack hasnt heard anything from ema
I quessed that belviq would be on the chmp agenda in jan and was wrong , but now since we were on the prac agenda in jan and 30 million shares traded, this could point toward feb...LOI, is a concern not because they are big ones which would of caused a request by arna that they needed more time or a face to face. It appears these were small and arna answered them within 30 days...So timeline is messed up but prac could be the tell...