Traders Watching VIVUS (VVUS) and Other Obesity Drug Makers Ahead of Today's CV Panel (OREX) (ARNA)

March 28, 2012 8:29 AM EDT
The volatility in obesity drug makers is expected to continue as the FDA's 2-day CV study requirement panel starts today. Briefing documents were posted on March 26.

While VIVUS' (Nasdaq: VVUS) Qnexa received backing from an FDA panel on February 22, there is concerns about a 2-stage pre-approval CV study. Another alternative would be a post-approval CV study, or best case no study at all.

While VIVUS is currently seen in the lead to get their obesity drug to market, Orexigen Therapeutics' (NASDAQ: OREX) Contrave could still beat it to the market if a CV study is required.

In addition to VIVUS and Orexigen, Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) has an obesity treatment. However, its shares were downgraded earlier today.

The scheduled Prescription Drug User Fee Act (PDUFA) date for Qnexa is April 17, 2012.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

FDA, Momentum Movers, Trader Talk

Add Your Comment