Arena is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing oral drugs that target G protein-coupled receptors, an important class of validated drug targets, in four major therapeutic areas: cardiovascular, central nervous system, inflammatory and metabolic diseases. Arena's most advanced drug candidate, lorcaserin, is intended for weight management. Arena submitted a New Drug Application for lorcaserin to the FDA in December 2009, and the FDA issued a Complete Response Letter (CRL) in October 2010. In the CRL, the FDA outlined non-clinical and clinical reasons for its decision and provided recommendations relating to addressing such issues. Arena's wholly owned subsidiary, Arena Pharmaceuticals GmbH, has granted Eisai Inc. exclusive rights to market and distribute lorcaserin in the United States, following FDA approval of the New Drug Application for lorcaserin.
Stock Information
Ticker:
ARNA
Exchange:
NASDAQ
Price:
1.87
Change:
- 0.01
Open:
1.93
Previous Close:
1.88
Day High:
1.94
Day Low:
1.85
52-week High:
2.62
52-week Low:
1.21
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