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News Breaks
February 10, 2014
12:50 EDTARNAArena rallies after partner announces broader coverage for Belviq
Arena Pharmaceuticals (ARNA) partner Eisai announced earlier that it has secured improved patient access of weight loss drug Belviq with CVS Caremark (CVS) and Aetna (AET). CVS Caremark customers have broadened the coverage of Eisai's Belviq, according to Fingertip Formulary, a database of formulary information, the company said. Fingertip Formulary reports that depending on the design of the health plan or employer benefit, eligible CVS Caremark members may have access to Belviq in either a preferred or non-preferred brand position, it added. In addition, Fingertip Formulary states that the number of insured commercial lives in the United States with coverage for Belviq now exceeds 50%. Eisai added that Aetna recently announced that it would offer Belviq as a preferred brand to eligible patients as part of its pilot program to self-insured plan sponsors. Belviq is a registered trademark of Arena Pharmaceuticals (ARNA). Shares of Arena are up 5% to $6.28 in early afternoon trading.
News For ARNA From The Last 14 Days
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October 5, 2015
18:56 EDTARNAOn The Fly: After Hours Movers
HIGHER: Regulus Therapeutics (RGLS), up 8.7% after the company announced that it will present new preclinical data on RG-012 for kidney disease... Palatin Technologies (PTN), up 9.6% after director Robert deVeer Jr. buys 10,000 shares of common stock... Arena Pharmaceuticals (ARNA), up 4.7% after CEO Jack Lief announced his retirement and Harry Hixson was named interim CEO... DuPont (DD), up 5.9% after CEO and chair Ellen Kullman retires... Ruckus Wireless (RKUS), up 4.9% after joining the S&P 600... Starz (STRZA), up 10.1% after the LA Times reports that Lionsgate (LGF) is in advanced talks to merge with Starz. DOWN AFTER EARNINGS: Container Store (TCS), down 10.4%. ALSO LOWER: Sarepta Therapeutics (SRPT), down 3.8% after filing to sell $125M of common stock... Haemonetics (HAE), down 12.2% after lowering its fiscal 2016 outlook... Energy XXI (EXXI), down 8.3% after filing a $500M mixed securities shelf... Mallinckrodt (MNK), down 1.6% after announcing that it will provide a business update and financial guidance for the fiscal year ending September 30, 2016, on an investor call on October 6.
16:20 EDTARNAArena Pharmaceuticals CEO Jack Lief retires, Harry Hixson named interim CEO
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