
Here is the link to investors.
This decision was expected and predicted in my past articles on the Obesity Drug Market. We all saw it coming. I'm sorry if you didn't. But expect loses for Orexigen, and Vivus with their upcoming FDA decisions. I can only see gains made with shorting the stocks. Those that had are sitting pretty right now. It's a gamble but sometimes these gambles pay off. I expect more loses to mount for these companies in the near future. Arena Pharmaceuticals, Vivus Inc., and Orexigen Therapeutics.
What they chose to do next is anyones guess. The technology could be sold off for further research. And the company enters bankruptcy court. Nonetheless just passing on the news. I'm not always right but some are easier to pick than others. Last weeks news of Amylin, Alkermes, and Eli Lilly and Company for their diabetes medicine was a heartbreaker for those who thought it would go the other way. But there are always more to look at. Keep looking forward and use it as a lesson.
Arena Pharmaceuticals Enters FDA Purgatory
Welcome to FDA purgatory, Arena Pharmaceuticals. It could be a long wait.