Amit Munshi joined Arena Pharmaceuticals Inc. as CEO in 2016 to turn the company around. He negotiated the handing over of rights to the weight loss product Belviq (lorcaserin) to partner Eisai Co. Ltd. , and set about refocusing the business on its lead programs ralinepag and etrasimod. (Also see "Beyond Belviq: Reinventing Arena To Focus On Phase II Candidates" - Scrip, 7 February, 2017.)
Cutting out costs of $100m and raising $270m from institutional investors, Arena saw its valuation rise from about $350m to some $1.6bn in 2017
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