After spending a solid six months at a less-than-impressive three-star rank, Arena Pharmaceuticals
Let's find out by tapping into CAPS to view the analysis and commentary posted by the 568 members who have given their opinion on the biopharmaceutical firm.
Arena Pharmaceuticals is still a development-stage company, but more CAPS members are taking a bullish position as it gets closer to the possibility of bringing its key weight-loss drug, lorcaserin, to market. Arena's drug is competing against development-stage weight-loss therapies Qnexa from VIVUS
The Food and Drug Administration is expected to complete its application review of lorcaserin later this year and CAPS members like its chances of approval.
Larger drug companies Pfizer
But some CAPS members think lorcaserin will be seen as a safer choice for patients and like its market potential. Arena wants to find a marketing partner before an FDA decision is reached, but is also preparing to launch the drug on its own if necessary.
Arena has other drugs in its pipeline, all of which are in the early phases of clinical trials. Some CAPS members recognize the speculative nature of the stock and its potential for high volatility, but also recognize that obesity is becoming a huge problem in the U.S., an issue that could improve the odds of FDA approval. And given the large potential market, the upside potential for lorcaserin is too tempting to pass up for many investors.
Do you think Arena Pharmaceuticals deserves its raised status? Add your thoughts in the comments box below on this page, or head over to CAPS to rate the company.
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