ARNA has completely missed it. JL and the BOD need to consider all options for maximizing SHAREHOLDER VALUE NOW. Until now they are only maximizing their personal value. Time is wasting, money is burning and the market is ripe for deals now.
Thanks for the MVP, I have been trying to learn more about their hedges. That duration makes them look pretty smart, they saved the company at least hundreds of millions, probably saved the company considering their debt.
that's absolutely not true, I recall he would not give a number because he feared if he did he could have trouble with the regulators.
If the large private Insurance carriers come on board this year, the stock price will soar. It's a step in the right direction!
Turmoil at Eisai is the main reason, Orexigen gaining share is #2. Jack was the person who foolishly made the agreement with Eisai, so he is also a responsible party.
Now that you have seen the light regarding JL, how do you assess the probability of JL finally doing the right thing and stepping down, or selling the company in 2015?
What do you think about the probability of firing Eisai and replacing them?
The Eisai marketing department is a disaster and in transition, re-launch was a bust, who knows what the reps are doing, OREX is kicking their #$%$, it's not going to be good IMO.
in fact, Amylin did it and then they were acquired. They need to do something, because doing the same thing is not working, time is running out, money is burning, Belviq is failing and Receptos is beating them to the market...
yes, but it might have been a brilliant marketing move. OREX was already growing faster, I expect that will continue after hearing much of Eisai's relaunch team is being "replaced". Eisai is a mess.
Goes up almost every day...why do I own this POS??? Bad management is a real anchor and downer, you just can't shake these founder CEO's (or many bad non founders) that act like they own the company and insulate themselves with cronies on the BOD. JL must go!!! Every time he sells stock, I detest him a little more.
I am not an expert in these filings, but it looked like he sold to me. If he held, good for him, it's the first shareholder friendly move he's made in years.
All great comments below. What the market now knows is the OREX drug is helpful for the heart and they know nothing about Belviq because Eisai is a disaster. It's time for accountability, Jack must go!
not sure they could do that, but maybe Eisai will give it back and they can make a deal with a real marketing and sales powerhouse.
The stock was doing well, outperforming and then as every greedy management does they granted themselves large, low-priced options. Just another obstacle and temporary hit.
It's time for investors and ARNA execs to face the facts, because the Belviq launch was botched, because Jack picked the wrong partner, ARNA can't afford to continue spending at the current rate. They must Cut costs through either laying people off, slowing development, or partnering more early in the process. ARNA can't continue burning cash at the current rate. Even 2 financial idiots Jack and the Bean counter (and their do-nothing BOD) must recognize this by now. If they are not going to radically and significantly cut costs, they must 2) sell the company. If Jack is too weak to cut costs, the BOD needs to fire him.
Eisai is making some changes in the commercial org, they laid a few people off, I think they hired a new leader, they are a disaster. DEA Delay was also a real problem.
ARNA needs to deal with reality- Eisai is not a strong commercial partner, the revs from Bel will not be significant over the next 1-2 years before smoking (if ever). They have 3 options partner early, cut costs significantly, or sell the company. Continuing on at the high burn rate is not an option.