June 8, 2006

Arena Pharmaceuticals to Present at Two Investor Conferences the Week of June 12, 2006

SAN DIEGO, June 8 /PRNewswire-FirstCall/ -- Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) announced today that the company will be presenting at two investor conferences the week of June 12, 2006, during which it is scheduled to present a corporate overview of the company and its clinical development and discovery programs. The conference information is as follows:

  • Pacific Growth Equities 2006 Life Sciences Growth Conference
    Presentation: Wednesday, June 14, 2006, at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time)
    Location: InterContinental Mark Hopkins Hotel in San Francisco
    Presenting: Robert E. Hoffman, Arena's Vice President, Finance and Chief Financial Officer
  • 5th Annual Needham & Company, LLC Biotechnology & Medical Technology Conference
    Presentation: Thursday, June 15, 2006, at 11:30 a.m. Eastern Time (8:30 a.m. Pacific Time)
    Location: New York Palace Hotel in New York City
    Presenting: Jack Lief, Arena's President and Chief Executive Officer

Live webcasts of the presentations will be available under the investor relations section of Arena's website at http://www.arenapharm.com. Replays of the presentations will be available for 30 days following the event. Please connect to Arena's website several minutes prior to the start of the broadcast to ensure adequate time for any software download that may be necessary.

About Arena Pharmaceuticals

Arena is a clinical-stage biopharmaceutical company focusing its research and development efforts on small molecule drugs in four major therapeutic areas: metabolic, central nervous system, cardiovascular and inflammatory diseases. Arena is developing a broad pipeline of compounds targeting an important class of drug targets called G protein-coupled receptors, or GPCRs, using its knowledge of GPCRs and its technologies, including CART and Melanophore. Arena has four internally discovered, clinical-stage drug candidates for major diseases. The most advanced, lorcaserin hydrochloride, is under investigation for the treatment of obesity. Arena's lead drug candidate for the treatment of insomnia, APD125, is a compound with a novel mechanism of action. Arena also has two clinical-stage collaborations with major pharmaceutical companies: Merck & Co., Inc. and Ortho-McNeil, Inc.

SOURCE Arena Pharmaceuticals, Inc.

CONTACT: Jack Lief, President and CEO, or David Walsey, Director, Corporate Communications, both of Arena Pharmaceuticals, Inc., +1-858-453-7200, ext. 1682; or Carolyn Wang, Media Relations, WeissComm Partners, +1-415-946-1065, for Arena Pharmaceuticals, Inc.
Web site: http://www.arenapharm.com


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