Posts Tagged "pharma stock"

Ahead of the Bell: Arena Pharma stock tumbles

Posted on Sep 27, 2010 in Uncategorized

By The Associated Press   Shares of Arena Pharmaceuticals Inc. tumbled in premarket trading Friday, a day after a Food and Drug Administration panel rejected its weight loss pill lorcaserin. An FDA panel of experts voted 9-5 against the drug on Thursday, saying some unresolved safety questions outweighed its benefits. Panelists raised concerns about tumors seen in rats in early-stage testing. Other concerns included higher rates of depression and memory loss among patients taking the company’s pill compared with dummy pills. The FDA will make its own decision on the drug by Oct. 22....

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