Arena Pharma (ARNA) Moves Higher; Sees European Belviq Approval in H113, All Debt Prepaid

September 7, 2012 11:07 AM EDT
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) shares are volatile into its presentation at the NewsMakers in the Biotech Industry conference today.

The company sees approval for its weight-loss drug Belviq in the first-half of 2013 and that new drugs are working its way through its pipeline.

Further, the phama commented that it has prepaid all outstanding debts and its balance sheet is strong.

Shares are down about 0.5 percent Friday morning.


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