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VIVUS (VVUS), Orexigen (OREX) Higher Ahead of PDUFA; Arena (ARNA) Lags

July 17, 2012 8:56 AM EDT
VIVUS (Nasdaq: VVUS) shares are about 0.9 percent higher ahead of the bell Tuesday, heading into its PDUFA date with the FDA for proposed obesity drug Qnexa.

Shares are been stuck in the $26 to $30 range over the last month, having popped last on June 27th following FDA approval of Arena's (Nasdaq: ARNA) Belviq (lorcaserin).

Also making a big move this morning is Orexigen (Nasdaq: OREX), which is still running tests on its Contrave obesity pill. Orexigen has been on a hot-streak, having closed higher 10 of the last 14 sessions.

Arena is in negative territory in early trading.


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