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Arena Raising $60M in Stock, Preps for Lorcaserin Panel

By Donna Young

Monday, August 9, 2010
Seeking to boost its balance sheet, Arena Pharmaceuticals Inc. Friday revealed a new direct public offering of 8.95 million shares at $6.70 per share, with expected proceeds of $60 million – $30 million of which the firm plans to use to prepay a portion of a loan. (BioWorld Today)

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