Friday, July 02, 2010

Arena Pharmaceuticals in deal with Eisai for obesity drug - BusinessWeek

Arena Pharmaceuticals in deal for obesity drug - BusinessWeek

San Diego-based Arena said Eisai will pay $50 million upfront for rights to sell lorcaserin in the U.S. In addition, Arena could get as much as $160 million in payments for reaching certain development targets and getting the drug approved by regulators, plus a $1.16 billion one-time payment in the future based on the level of annual sales.

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