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Fly News Breaks for March 1, 2016
ARNA
Mar 1, 2016 | 10:04 EDT
Piper Jaffray analyst Edward Tenthoff lowered his forecast for Belviq revenue due to Arena in 2016 to $16M from $21.5M after the company reported sales of the weight loss drug were down sequentially in the fourth quarter. The analyst keeps an Overweight rating on Arena shares, noting that data for a Phase II trial of its highest profile pipeline asset, APD334, is now expected in 2017.
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