Does today's price action really surprise anyone? Nope. Only 1 CC in the history of ARNA led to ARNA closing green big and that was ROW announcement when ARNA sat at $4.05. Every other CC ARNA blood red.
Ridiculous! I have talked about ACAD vs ARNA for at least 2 years now. It is a sad joke that ACAD with no FDA approved product, no pipeline really, no partner is over 2.5X ARNA maret cap. It is truly a joke.
ARNA is hopelessly lost and under perfect control.
What happened? Up almost 20% premarket? $5.25 or so printed. Now $4.65? Too funny. Good news. Bad news. Arena always down. Period.
PFE on a buying spree! They just bought InnoPharma for $250M and now Baxter for $635M. Arena is well within their price range as PFE is interested in everything big like AZN and everything small like InnoPharma and everything in between like Baxter and maybe Arena?
Correct only one time ever. No news then and no news this coming call. Hello 52 week lows. Sad because belviq works. I lost about 38 lbs no side effects. Oh well. Easy come. Easy go.
The problem is that they did not have the foresight to go for a diabetic indication as well, despite diabetics realizing a full point drop in Hga1c regardless of weight.
One CC the ARNA exec morons stated that they didn't want to be a small fish in a big pond. Ok, so now with Belviq on market for over 1 year, your market cap has collapsed to a mere $1B from almost $3B post approval. Who is the small fish now?
I don't think a dumb short that is rich necessarily minds poor grammar and spelling. And I don't think anyone would notice a smart long that is poor with excellent sentence structure.
Yes maybe the SEC can put in a market order to buy 1M shares of ARNA. That might help spur a rally lasting a whopping one day.
Wow, wake me up when the show is over. Oh wait, are those credits I see scrolling down the screen?
Belviq in the hands of a competent partner would be a Lipitor. There would already be indications for obesity and diabetes, not just obesity like the fools at Arena and Eisai planned. Dummies!
Eisai has a market cap of $15B. Chump change for PFE who just recently bought a baby of a pharma in InnoPharma for $250M. I wish PFE would just gobble everything up and put an end to this misery.
Let's not forget how excited our faithful CEO is! Jack always talks about how excited he is every interview and every CC.
Recall that was on ROW announcement. Since then it has been a dud. We really have no other news to get excited about. Although Jack seems to get excited about everything nowadays.
No. I just need to see it print even for a split second. Throw all logic out the window with Arena as it does not apply to reality. Fact of the matter is there are more speculative pharmas out there with no product PI or PII or PIII candidates nowhere near approval with market caps 2-3X greater than that of Arena's. I know you know which one those are. ARNA defies any and all trading logic except for one general rule. It goes down!
Please tell Mr. Market that. I would greatly appreciate an overnight correction of the share price to $12.32. If I wake and see that is the case, market order to sell all shares.
Thanks for your help in this matter.