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Arena Looks To Partnering Strategy While Hoping For Belviq Resurrection

The firm's entire pipeline is up for partnering, interim CEO Hixson says, while Arena awaits CV outcomes data and approval of an extended-release version of Belviq.

While awaiting cardiovascular outcomes data that it believes could spark renewed interest and sales in its obesity drug Belviq, Arena Pharmaceuticals Inc. is looking for a new CEO and offering its entire pipeline out for partnering opportunities, the troubled specialty firm said during a Feb. 29 earnings call.

In the wake of consistently disappointing sales for its obesity drug, once expected to yield blockbuster sales, Arena's board asked CEO Jack Lief to retire from that office and the...

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