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

  • Research and development expenses totaled $14.6 million.
  • General and administrative expenses totaled $7.8 million.
  • Net loss allocable to common stockholders was $17.2 million, or $0.08 per share.
  • At September 30, 2013, cash and cash equivalents totaled $180.7 million, which does not include the $60.0 million upfront payment Arena will receive from Eisai in conjunction with the expanded agreement.
  • At September 30, 2013, approximately 218.6 million shares of common stock were outstanding.
  • Nine Months Ended September 30, 2013 Financial Results

  • Revenues totaled $74.9 million, including $66.0 million in milestone payments from Eisai and $3.3 million in net product sales.
  • Research and development expenses totaled $47.4 million.
  • General and administrative expenses totaled $23.6 million.
  • Net income allocable to common stockholders was $4.0 million, or $0.02 per share.
  • Conference Call and Webcast Rescheduled Arena will host a conference call and webcast to provide a corporate update, including on the expanded BELVIQ marketing and supply agreement with Eisai, and report third quarter 2013 financial results tomorrow at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time). The conference call may be accessed by dialing 877.643.7155 for domestic callers and 914.495.8552 for international callers. Please specify to the operator that you would like to join the "Arena Pharmaceuticals' Corporate Update and Third Quarter 2013 Financial Results Call." The conference call will be webcast live under the investor relations section of Arena's website at 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 PresentationsArena is planning to present a
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    SOURCE Arena Pharmaceuticals, Inc.
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