08 clinical trials for lorcaserin, APD125
and APD791. It also assumes continued progress with Arena's earlier stage
programs. Arena expects to end 2008 with approximately $160 million in
cash, cash equivalents and short-term investments and assumes common stock
will be issued in connection with the conversion or redemption of
outstanding shares of its series B redeemable convertible preferred stock,
including any that may be redeemed on the series B-1's December 2008
mandatory redemption date. If Arena partners any of its later stage
programs, it would expect that its year-end cash, cash equivalents and
short-term investments would be higher.
Scheduled Earnings Call
Arena will host both a conference call and webcast to discuss the
fourth quarter and full year 2007 financial results and to provide 2008
financial guidance and a corporate update today, Wednesday, February 27,
2008, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Jack Lief,
President and Chief Executive Officer and Robert E. Hoffman, Vice
President, Finance and Chief Financial Officer will host the conference
call.
The conference call may be accessed by dialing 866.356.4281 for
domestic callers and 617.597.5395 for international callers. Please specify
to the operator that you would like to join the "Arena Fourth Quarter 2007
and Full Year Earnings Call." The participant code for the call is
19957700. The conference call will be webcast live under the investor
relations section of Arena's website at http://www.arenapharm.com, and will
be archived there for 30 days following the call. Please connect to Arena's
website several minutes prior to the start of the broadcast to ensure
adequate time for any software download that may be necessary.
Upcoming Corporate Presentations
Arena is currently scheduled to present at the following investment and
industry conferences through May 2008:
-- Cowen 28th An
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SOURCE Arena Pharmaceuticals, Inc. Copyright©2008 PR Newswire. All rights reserved | |
Page: 1 2 3 4 5 6 7 8 9 10 11 Related biology technology :1.
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