Arena Builds Pharma Muscle in Expanded Belviq Deal with Eisai
By Jennifer Boggs
Friday, November 8, 2013
Shares of Arena Pharmaceuticals Inc. jumped 17.4 percent Friday on news of an expanded alliance with Eisai Inc. for obesity drug Belviq (lorcaserin), a deal that brings $60 million up front and aims to advance the drug into new commercial markets and possibly new indications.
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