Obesity Drug Makers Mount Comeback
The Paragon Report Provides Equity Research on Arena Pharmaceuticals and VIVUS
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/20/11 -- The Paragon Report examines investing opportunities in the Biotechnology Industry and provides equity research on Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) and VIVUS, Inc. (NASDAQ: VVUS). Access to the full company reports can be found at:
Obesity drug makers continue to battle through the approval process, fine tuning their potential blockbuster products, in hopes of finally earning FDA approval. Due to the overwhelming percentage of overweight Americans, an effective and safe weight loss drug is seen to have astronomical earnings potential. The problem is that the FDA has proven to be very hesitant to approve prospective obesity drugs due to both safety and efficacy concerns.
Diet drug makers had a modest rally last week after VIVUS said that it plans to resubmit its application with regulators by the end of October to market its diet-drug Qnexa. The US Food and Drug Administration rejected Qnexa last year, citing concerns that the compound has been linked to certain birth defects.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the biotechnology industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
VIVUS said it plans to ask for the drug to be approved initially for men and women who cannot bear children. VIVUS' news also propelled shares of Arena, which has also had problems winning FDA approval for their respective diet pills.
Arena's obesity drug, Lorcaserin, was rejected last September after a memo from the FDA stated that the drug did not satisfy the mean efficacy requirements that the FDA has laid down for obesity therapies, and additionally caused tumors in rats. Arena plans to re-file its application by the end of 2011 -- meaning the drug would likely not be available until 2012 at the earliest.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at .
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 20.09.2011 - 06:16 Uhr
Sprache: Deutsch
News-ID 1038983
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
NEW YORK, NY
Phone:
Kategorie:
Commercial & Investment Banking
Anmerkungen:
Diese Pressemitteilung wurde bisher 72 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Obesity Drug Makers Mount Comeback
"
steht unter der journalistisch-redaktionellen Verantwortung von
Paragon Financial Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
