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Arena Pharmaceuticals Provides Corporate Update and Reports Third Quarter 2013 Financial Results
Date:11/7/2013

ors to further improve the reimbursement landscape.
  • Eisai launched a direct-to-consumer print advertisement campaign in major US magazines. The advertisements include a 15-day free trial voucher for BELVIQ.
  • Eisai launched www.BELVIQhcp.com, which features information about BELVIQ and provides resources for healthcare professionals, and the BELIEVE EVERYDAY SUPPORTSM program at www.BelieveSupport.com, which provides comprehensive support and savings for patients treated with BELVIQ.
  • In the third quarter of 2013, Arena recognized 31.5% of Eisai's net product sales (which were $5.4 million), or $1.7 million, as well as $0.3 million related to redemptions of the 15-day free trial voucher. Arena and Eisai currently recognize revenue of BELVIQ net product sales when Eisai ships product to its wholesalers.
  • Research & Development

  • Under the terms of their expanded marketing and supply agreement, Eisai and Arena will now jointly investigate the potential of lorcaserin in new areas, such as smoking cessation, a once-daily formulation, a fixed-dose combination with phentermine, as well as explore BELVIQ's impact on diabetes and cardiovascular outcomes.
  • Arena completed a study to evaluate the safety, tolerability and pharmacokinetic properties of single doses of lorcaserin 10 mg and phentermine 15 mg when administered in combination.
  • Arena initiated a study in September 2013 to evaluate the safety, tolerability and pharmacokinetic properties of single doses of lorcaserin 20 mg extended release tablets.
  • Arena completed a Phase 1 multiple-dose clinical trial of APD811, an oral drug candidate intended for the treatment of pulmonary arterial hypertension.
  • Third Quarter 2013 Financial Results

  • Revenues totaled $3.6 million, including $2.0 million in net product sales of BELVIQ.

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