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Arena Pharmaceuticals Provides Corporate Update and Reports First Quarter 2013 Financial Results
Date:5/2/2013

SAN DIEGO, May 2, 2013 /PRNewswire/ -- Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) today provided a corporate update and reported financial results for the first quarter ended March 31, 2013.

Recent Developments:BELVIQ® (lorcaserin HCl)

  • The American Association of Clinical Endocrinologists (AACE) published its Comprehensive Diabetes Management Algorithm. This document provides treatment guidelines and specifically addresses the care of patients who are overweight or obese. The guidelines call for physicians' use of anti-obesity medical therapy, including BELVIQ, along with lifestyle modification for patients who have a body mass index (BMI) of 27 kg/m2 or greater along with cardiometabolic or biomedical complications.
  • Notified the European Medicines Agency that the company is withdrawing the BELVIQ Marketing Authorization Application (MAA) in the European Union. Arena is currently evaluating the best approach for submitting at a later date.
  • Received a $500,000 milestone payment from Eisai Inc. in connection with Eisai Laboratorios S. de R.L. de C.V.'s submission of the MAA for the marketing approval of BELVIQ in Mexico with the Federal Commission for the Protection Against Sanitary Risk.
  • Responded to the initial assessment from Swissmedic on the MAA for the marketing approval of BELVIQ in Switzerland.
  • "We are pleased with AACE's recently published treatment guidelines and the specific reference to BELVIQ, which we believe will increase awareness among physicians and support the expansion of reimbursement," said Jack Lief, Arena's President and Chief Executive Officer. "We look forward to the completion of BELVIQ's scheduling designation in the United States, and we are focused on making t
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