SAN DIEGO, July 5, 2012 /PRNewswire/ -- Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) announced today the promotion of Craig M. Audet to the position of Senior Vice President, Operations and Head of Global Regulatory Affairs. In his new role, Audet will serve as an executive officer of the company.
Audet, 48, will oversee various operations at Arena, including investor relations and alliance management, and will continue to lead regulatory affairs. He joined the company in April 2011 as Vice President, Regulatory Affairs, and has led Arena's interactions with the US Food and Drug Administration (FDA) and European Medicines Agency (EMA). On June 27, 2012, the FDA approved Arena's internally discovered and developed drug, BELVIQ (lorcaserin hydrochloride), as an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in adult patients with an initial body mass index (BMI) of 30 kg/m(2) or greater (obese), or 27 kg/m(2) or greater (overweight) in the presence of at least one weight related comorbid condition (e.g., hypertension, dyslipidemia, type 2 diabetes). The lorcaserin Marketing Authorization Application (MAA) is under review by the EMA.
"This promotion recognizes Craig's key role in the FDA's approval of BELVIQ," said Jack Lief, Arena's President and Chief Executive Officer. "We have benefited from his experience and track record of successful regulatory strategies and submissions, and we are delighted that he will play an expanded role in advancing Arena in the next phase of the company's development."
Audet added, "Arena has made significant progress to date, and I am honored to continue working alongside the talented team in this new capacity. It is exciting to be part of an innovative company with both a promising pipeline and validated technology. I look forward to playing a key role at Arena as we continue
|SOURCE Arena Pharmaceuticals, Inc.|
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